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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 Seppelton Dec 11, 2023 4:17pm
388 Views
Post# 35778647

RBC says 2024 budget underwhelming

RBC says 2024 budget underwhelming (MT Newswires) -- RBC Capital Markets said Monday that Tamarack Valley Energy Ltd. (TVE.TO)'s 2024 budget was underwhelming given the company's mixed messaging including in its dual budget.

 

RBC also cited Tamarack's lighter-than-anticipated production outlook.

According to RBC, Tamarack's operational execution has been challenged for the majority of 2023, which would weigh on investor sentiment for the foreseeable future.

"While management remains focused on improving operational sustainability, we believe aggressively entering early-stage resource plays has proven more challenging to operate and continues to command higher non-productive capital spend than initially anticipated," RBC said.

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