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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 Apr 03, 2024 1:09am
321 Views
Post# 35966788

$37.00 Break Even

$37.00 Break EvenHere is the reality right now.

$37.00 X 63,000 BPDE = $2,331,000 x 365 Annualized = $850,815,000 x 1.36 CAD =

$1,157, 108, 400 CAD in Sales at $37.00 USD Break Even per barrel equivalent


At current hedging and current WCS of $71.42 USD

$71.42 - $37.00 = $34.42 USD x 1.36 = $46.81 CAD

$46.81 CAD x 63000 BPDE = $2,949,105.60 CAD 

x 365 Annualized = $1,076, 423, 544 CAD in CASH

CASH for CAPEX, TAXES, ROYALTIES, EXPENSES, ETC.

A LOT OF CASH FOR CHIPPING AWAY AT ALL OF THE METRICS

1. Dividend
2. Debt Repayment Chissling 
3. Share Buybacks -- Acceleration


LET THIS UNFOLD and WE ARE GOLDEN

ML





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