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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 Sirlostaloton Apr 13, 2024 7:41am
294 Views
Post# 35987261

April 11 in person presentation with Brian Schmidt

April 11 in person presentation with Brian SchmidtWondering if anyone else has seen this , a summary of TVE plans going forward , saw it on twitter on Burnsco , believe it was done with RBC , in reading the shareholder return summary have to say very typical of TVE , no hard date for return of capital thresholds, still going with 2023 debts figures 3+ months into the year , "once hitting 50% return threshold opens the door for strategic M&A activity" and estimates of return of capital to shareholder of 136/102M in 2024E/2025E.through NCIB and dividends. If $37 wti is actually the break even price including the base dividend and go with a price of $77 wti at 60000k BOD (both low)  that is 72m per month above break even  , any thoughts on where this money goes ? 
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