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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

Comment by MLEWICKIMBAon Feb 05, 2024 1:04am
213 Views
Post# 35862408

RE:Inventory

RE:InventoryThey say 10 years and 8.7BLN Barrels in the ground and they will barely touch that the next five years.

Slide 3 of January 2024 Presentation 
Slide 15 breaks down reserves 

What I like is their hedges in place create a floor right now.  

They will reduce more debt in 2024, pay their dividend and buyback cheap shares. 

A reasonable balance sheet we will see in 23 days.




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