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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 Nov 23, 2024 7:54am
234 Views
Post# 36327278

Southern water flood assets

Southern water flood assetsWe have roughly 6000 bpd of waterflood assets in the south from penny and eyehill Brian has said they have been approached to sell but right now the company is better off milking the free cash flow.To the best of my knowledge they are not drilling any wells in these plays which means the company views them as non core and they will be sold .So pick a number 6000 at 30000 per flowing 180 mill at 40 240 mill.These are turn key cash cows for any buyer.With those numbers we can pay down a lot of debt,buy back a ton of shares,push waterflood developement or a bit of each.When the numbers make sense they will be gone.
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