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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 04, 2024 11:21pm
289 Views
Post# 35914967

Stick to the FACTS

Stick to the FACTSQ4 2023 Revenue -- $418M

Q1 2024 Revenue -- $448M EST.   I see Full Year Revenue for 2024 at $1.8BLN to $2,0BLN CAD.

Higher Oil prices in Q1 2024 and tigher WCS Differentials.

A big portion of NG was hedged but this is less than 4% of sales now for TVE.  Good decision by Brian.

That extra cash is just the beginning as summer months come into play starting in May 2024.

A lot of other factors right now.  Tighter WCS Diffs with TMX Pipeline and Maintenance Season will lower inventory in Canada -- $10 to $12 Dollar Diffs coming.  For TVE the next six to nine months is further transformation from its past.

GO TVE GO.
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