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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Energy Oil & Gas E&P
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

Tamarack Valley Energy Ltd > Debt is not a problem at all…
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Comment by Bennys65on Aug 15, 2023 7:34am
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Post# 35588461

RE:Debt is not a problem at all…

RE:Debt is not a problem at all…Company has stated they are not trying to be debt free.Having some debt increases our leverage to higher oil prices.Without any asset sales Steve in CC said with strip pricing and present diffs we will reach our first debt target by late quarter 4 or early first quarter 2024.900-1100.With asset sales of course much quicker.At that 25% will go with present stock price to share buybacks..
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