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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 Mar 01, 2024 11:21pm
392 Views
Post# 35910810

The Share Price Drivers

The Share Price Drivers1. 900M in Combined Debt Target only 120 Days.away. Next threshold will be met by June 30, 2024.
2. Dividend is regular for holding 
3. Share Buybacks fuel and add to the return of capital goals of Tamarack.
4. Tightening WCS means Tamarack will have sales of 2 BLN this year.  This will really improve the balance sheet on all of the costs and outstanding issues.

I feel Tamarack CEO being cautious.  I liked the team on the call.  Energetic and driving the business forward.

Share price is undervalued today and a 5 dollar price is reaonable as they deliver on 1 and 3.

Have a good weekend.  

ML 


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