Stockchase Insights HOLD
Tamarack Valley Energy(TVE-T)
23/10/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
The $123M sale of Cardium assets is not huge on TVE's $4B+ asset base, but it will reduce debt and, importantly, supports an acceleration of capital returns to shareholders (i.e. dividends and buybacks). TVE notes the sold assets were undercapitalized and it wants to focus on its Charlie Lake and Clearwater projects. The price of Delta can be debated, but it has only been a year and TVE has long term plans for the assets.
Oil / Gas
$3.980