Tamarack Valley Energy Ltd T.TVE

Debt

[Sirlostalot]

Anyone else bothered that debt hasn't budged and any mention of shareholder returns was a 2 line afterthought ? Down 3 percent , is there ever anything for retail shareholders . Maybe a great company but what a horrible investment.

[IainCaimbeul]

This is a mugs game - unless of course you are patient:)

[CarpeAurem]

Yes, debt is troublesome.  But Q3 and Q4 capex will be lower then Q2 by about 25 mm.  An extra 2000 boe/d is worth about 7 mm at 38 operating netback.  At WTI 80, the sensitivity table throws out about 10 mm.  Add those number to the Q2 FCF of 39 mm and Q3 FCF could be 80 ish.  Hopefully the WCS diff gets back down to 11 or 12.   The GORR is 35 mm.  Sell the

[TheBobbyNugget]

Too much Debt. No bids for the non core assets. Won't get much for them to be honest. Buy under $3.00

[CarpeAurem]

Fair enough on the no bids comment.  And i mean that respectfully.   But at 80 WTI and the current strip?  I'm with you on the 2.99 bid.