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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 Bennys65on Jul 14, 2024 2:14pm
339 Views
Post# 36132189

Penny and eyehill

Penny and eyehillThese two assets produce about 6000 bopd.When asked in the investor day presentaion if tve planned to sell more assets Brian said they had received offers but they are throwing off alot a cash without putting in much capital so it would not make sense to sell right now.In other words the offer was too low.if prices for oil stay stable in the 80 range my guess the offers will get higher.Maybe 250 to 300 He also said he would consisder a 100 to 200 mill deal if one plus one made 3 Somthing for instance with shared infrastructure.look no further than woodcote in west nipisi our jv partner where the results are very good
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