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Tamarack Valley Energy Ltd. (T:TVE)

Business Focus: Oil & Gas Exploration and Production (NEC)

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