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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 BigSchlickon Mar 17, 2024 9:25pm
193 Views
Post# 35937596

Saudi aramco has gave the ultimate signal

Saudi aramco has gave the ultimate signalSaudi aramco's 30% dividend hike is a definite signal to the world that the price of oil will remain in a very profitable range. Their dividend payouts require a large amount of free cash flow and the only way they get fcf is from selling oil at a decent margin so the writing is on the wall. Tamarack is primed to take advantage of an extended run of $75+ oil like no other Canadian company. The clearwater is one of the youngest brightest oil plays in the world and tve has loaded up and developed it successfully with a growing amount of it under waterflood for optimal decline rates. Tamarack hits its 50% shareholder return target as soon as the non core sales are announced. Going forward Tamarack can put nearly all of its Capex toward the drill bit as infrastructure is completed and aro spend is minimal. Brian Schmidt has already said Tamarack is set up very well for 2025 and Eric Nuttall has mentioned cleawater consolidation. Both of these bode well for Tamaracks share price. 
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