Tamarack Valley Energy Ltd T.TVE

What they said on January 16, 2024

[MLEWICKIMBA]

As a result of achieving this key milestone, the Company will be accelerating initiation of the enhanced return, ahead of announcing its 2023 fourth quarter and year-end financial results, utilizing share buybacks given current valuation levels. The Company expects to release its 2023 results prior to the market open on February 28, 2024.

Its February 1, 2024 today.  

Lets keep that WCS at 60ish and we will see buybacks.....

[robert41]

It will take a while to get this float down  it's not like the buy backs help the share price ask immediately look at Bir and franks favourite Bte. I do look forward to a year or so out if oil hold this price at a minimum perhaps the lower float helps in a divi raise as well down the road. 

[MLEWICKIMBA]

EN has told them I am sure to NEVER Raise the Dividend.  That is why the share price is where it is.  Whether yiou get 4.7% yield or a 3% yield does it matter.  It is only 0.15 Cents versus  0.09 Cents. When the shares go up to $4.00 thats a lot of years of dividend payments. 1. Never raise the dividend or at least until they have 400M Shares 2. Buy back as many shares as

[robert41]

I agree on the short term re divi but down the road when the debt and float is lower it would be nice to see an increase in the divi I have 65000 shares so it's not a ton of cash flow but a 3 or 4 cent divi per month would be nice extra cash flow to add to the portfolio. 

[wannabebuffet]

Brian said the first return theshold was met by year end 2023. Brian said the second return theshhold will be met by 4th quarter 2024 maybe 3rd quarter 2024 at current strip prices. Payday will be coming soon enough.

[MLEWICKIMBA]

Agreed It's a hold and accumulate in my opinion