Tamarack Valley Energy Ltd T.TVE

The Share Price Drivers

[MLEWICKIMBA]

1. 900M in Combined Debt Target only 120 Days.away. Next threshold will be met by June 30, 2024.
2. Dividend is regular for holding 
3. Share Buybacks fuel and add to the return of capital goals of Tamarack.
4. Tightening WCS means Tamarack will have sales of 2 BLN this year.  This will really improve the balance sheet on all of the costs and outstanding issues.

I feel Tamarack CEO being cautious.  I liked the team on the call.  Energetic and driving the business forward.

Share price is undervalued today and a 5 dollar price is reaonable as they deliver on 1 and 3.

Have a good weekend.  

ML

[Dibah420]

I am curious how you get to $2 billion in sales.  Is that in USD?  What are your assumptions? Here's the math.  Take top end of guidance:  63,000 bbd. Assume  production 24/7   & 365 days:  Absurd, but let's just assume.     22,995,000  barrels/yr. WTI would have to average  $86.97/b  for the year to get to $2B 

[Bennys65]

In the cc Steve talked about a number of small sales in the works with the proceeds going to pay own debt.TVE has been called on their asset sales saying they are being done in order to hit debt These propertys are being sold because they they cant compete foe capital against clearwater and charlie lake.Looking at the drilling record when was a viking or sparky or anything other than the above