10:40 AM EDT, 09/18/2024 (MT Newswires) -- Tamarack Valley Energy (TVE.TO) maintained its Outperform rating and $7.25 price target at National Bank of Canada, according to a note published Tuesday.
The company recently announced an expansion to its Clearwater Infrastructure Limited Partnership (CIP) to include a 13th First Nations & Metis party. Tamarack agreed to contribute $50.8 million in infrastructure assets to the partnership in exchange for $43.2 million.
"The company continues to positively leverage its assets to maximize the value profile for investors, with the noted expansion of its CIP partnership and ongoing outperformance of its organic program continuing to exhibit strong and improving sustainable free cash generation," National Bank said.
Tamarack was up 1.5% at last look to $4.05 on the TSX.
Price: 4.06, Change: +0.06, Percent Change: +1.63