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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 MLEWICKIMBAon Feb 29, 2024 10:49pm
311 Views
Post# 35908245

TVE Delivering on Return of Capital

TVE Delivering on Return of Capital1. 983M in Debt Outstanding
2. 57M in DAP Notes Retired in Q1 2024

Next Hurdle Met at 500M to 900M in Debt.

By the end of Q2 2024 TVE will be SUB 900M on Debt.  This means a higher dividend and or up to 50% allocation of free cash flow to share buybacks.

Shares are undervalued by $1,00 given EST. Q1 2024 improvement in cash flow / free cash flow.  March is here -- I expect $0.18 cents per share EPS in Q1 2024.  

Good Luck.








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