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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Energy Oil & Gas E&P
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

Tamarack Valley Energy Ltd > the morning dump
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Comment by jjjorge35on Apr 26, 2024 12:38pm
236 Views
Post# 36009671

RE:RE:the morning dump

RE:RE:the morning dumpI think the numbers do add up for TVE on this one:
-As you say, ended 2023 with 984m in debt
-excluding dispositions, TVE averaged $62m in free funds flow per quarter last year
-50% of that gets put towards debt, so $31m per quarter
-That would put them on pace for dropping below the $900m threshold in Q3 2024

That is probably accelerated a bit by current WCS pricing, but offset somewhat by the fire at Nipisi.

Cheers


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