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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

Comment by jjjorge35on May 06, 2024 2:45pm
229 Views
Post# 36025488

RE:RE:RE:RE:RE:RE:Do we go sub 900m on debt Wednesday morning

RE:RE:RE:RE:RE:RE:Do we go sub 900m on debt Wednesday morning here is what we know for sure about 2024Q1:
-$21m in dividends were paid
-7.5m shares were repurchases (maybe $3.50/share average?) would cost $26m
-$141m term loan + DAP had to be paid

What we don't know is how much was capital costst, and how much actual Adjusted funds flow there was.  It sure doesn't seem to me like they would have had the cash to pay off that whole term loan + DAP, but what do I know?

It'll sure be interesting to see how it all shakes out.


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