Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 3300, 308 4th Avenue S.W. CALGARY AB T2P 0H7 |
Tel: | N/A |
Website: | https://www.tamarackvalley.ca |
IR: | See website |
Key People | ||
Brian L. Schmidt President, Chief Executive Officer, Director | Steve Buytels Chief Financial Officer, Vice President - Finance | Kevin Screen Chief Operating Officer |
Scott Shimek Vice President - Production and Operations | Lynne P. Chrumka Vice President - Exploration | Benjamin Wayne Stoodley Vice President - Engineering |
Christine Ezinga Vice President - Corporate Planning and Business Development | Sanjib Gill Corporate Secretary |
Business Overview |
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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Tamarack Valley Energy Ltd revenues increased 19% to C$1.41B. Net income decreased 73% to C$94.2M. Revenues reflect Heavy oil segment increase from C$492.4M to C$990.6M, Natural Gas Production, Total increase of 1% to 24.93B cubic feet, Oil Equivalent Production (Units/day)- increase from 18K to 38K barrels per day. Net income was offset by Average Production Costs per unit. |
Employees: | 98 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $1,406M as of Dec 31, 2023 |
EBITDA (TTM): | $986.02M as of Dec 31, 2023 |
Net annual income (TTM): | $94.20M as of Dec 31, 2023 |
Free cash flow (TTM): | $156.68M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $922.60M as of Dec 31, 2023 |
Shares outstanding: | 553,011,464 as of Mar 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |