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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.


TSX:TVE - Post by User

Post by Bennys65on Jun 30, 2023 7:33am
288 Views
Post# 35521816

On the question of acquisitions.

On the question of acquisitions.Not in a buy mode at present.Focused on paying down debt.Example woodcote has clearwater on the market.Brian said they did not bite.Going forward if tve buys somthing it has to be as good or better than what they have in order to make sense as we have lots of inventory.As an aside Brian said that tve or anyone else could not afford to pay the true nav of deltastream when they bought it .It was that high.He also said it is important to get debt down in case somthing pops up  which they want to buy in the future.What could be as good or better than tve clearwater.Spur.Will be interesting to see who buys the woodcote offering.HWX passed on southern clearwater because they knew their cve land was better and they didnt need it.Spur will be sold it is a question of when.
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