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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 BigSchlickon Dec 14, 2023 12:51pm
264 Views
Post# 35784816

Buybacks start tomorrow

Buybacks start tomorrow Once tve gets the funds from this clearwater infrastructure deal the buy backs should be on. Tamarack was already at the 25% shareholder return target so to me that means that it's possible 25% of the $142 million cash sale goes to buybacks. Also with regards to the 2024 guidance I believe the lower production forecast of 61-63,000 barrels/day reflects the pending sale of its sparky assets which the market is giving no consideration currently. The narrative that tve is losing production at all is false. They are selling production and replacing it with more economic barrels. Taking the money to pay down debt and reinvest it into the best return on investment. After this pending sale to point bar resources of 235 wells, 21 pipelines and 56 facilities I believe we hit the 50% shareholder returns target. Regardless of the pending purchase from cnrl. Tax loss selling is coming to an end and tve has been beaten down. From this price point and a 5% dividend tve is a steal. 
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