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Bullboard - Stock Discussion Forum 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... see more

TSX:TVE - Post Discussion

Tamarack Valley Energy Ltd > ARC Financial ownership
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Post by cre8value4me on Feb 26, 2024 10:23am

ARC Financial ownership

I have been trying to determine if ARC has finally liquidated their shares the information I have been able to determine seems to point to they still have a 5.88% ownership stake.
Does anyone have any other updated information? It's my understanding that they had a much larger ownership and were looking to liquidate, which would be a reason for the unrelenting and continuing pressure to share price with all the selling.
GLTA
Comment by cre8value4me on Feb 26, 2024 10:57am
It seems a little more challenging since ARC is a private entity. Perhaps if anyone can get through to Eric on Friday he should know. I have never had success getting through on market call!
Comment by Dibah420 on Feb 26, 2024 10:59am
  When ARX last sold almost half its holdings way back when @  $4.43 it ceased being an insider.  So just like you and me it can buy or sell at any time without having to declare. Back in December there was talk here that they have dumped all their TVE shares.  We'll soon find out as both cos will be filing Y/E reports this week and that item may be buried somewhere in the ...more  
Comment by robert41 on Feb 26, 2024 11:55am
Arc financial still owns 32.6 million shares. 
Comment by cre8value4me on Feb 26, 2024 12:03pm
Thanks Robert where did you find this information?
Comment by robert41 on Feb 26, 2024 1:37pm
Click on the ownership button upper right side of this page. I'm not how often it's updated but I think monthly at a minimum.
Comment by cre8value4me on Feb 26, 2024 10:17pm
Thx for that!
Comment by cre8value4me on Feb 26, 2024 12:02pm
Ok thx, I guess then at this point they may still own 5.88% stake as reported by Simply Wall Street is up to date information then. I was going of information that Eric has reported months back.   GLTA!
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