National Bank of Canada Says Tamarack's Clearwater Partnership A 'Proactive, Unique, Dynamic' Transaction
11:12 AM EST, 12/14/2023 (MT Newswires) -- National Bank of Canada said Thursday that Tamarack Valley Energy Ltd. (TVE.TO)'s creation of the Clearwater Infrastructure Partnership is a "proactive, unique and dynamic transaction by the company."
The bank said the transaction allows the company to advance deleveraging, return of capital and its value proposition.
The partnership will be "inclusive of a breadth of infrastructure across its Clearwater acreage."
Concurrent with the transaction, Tamarack has disposed an 85% non-operated interest in the partnership to Wapiscanis Waseskwan Nipiy Holding Ltd. Partnership.
The bank gave Tamarack an outperform rating with a $6.00 price target.
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