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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
 
See Regulatory Filings on SEDAR
Company Contact
Address: 425 1 St SW
CALGARY AB T2P 3L8
Tel: N/A
Website: 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
Vice President - Production and Operations
Dave M. Christensen
Vice President - Engineering
Ken Cruikshank
Vice President - Land
Martin Malek
Vice President, Business Development and Corporate Planning
Scott Reimond
Vice President - Exploration
Sanjib Gill
Corporate Secretary
 
Business Overview
Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas. The Company has an inventory of low-risk, oil development drilling locations focused primarily on Charlie Lake, Clearwater and two enhanced oil recovery (EOR) plays in Alberta. The Company's oil properties located in Alberta include Southern Clearwater, Grande Prairie, Provost and Nipisi, and Monarch (Penny oil CGU).
Financial Overview
For the nine months ended 30 September 2021,Tamarack-Valley-Energy-Ltd revenues increased from C$139.4Mto C$391M. Net income totaled C$250.1M vs. loss ofC$293.2M. Revenues reflect Light Oil segment increase of94% to C$240.9M, Natural Gas Production, Total increase of19% to 17.09B cubic feet, Oil Equivalent Production(Units/day), T increase of 58% to 35K barrels per day. NetIncome reflects Average Production Costs per unit.
Employees: 44 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $449.18M as of Sep 30, 2021
EBITDA (TTM): $298.66M as of Sep 30, 2021
Net annual income (TTM): $231.84M as of Sep 30, 2021
Free cash flow (TTM): $40.53M as of Sep 30, 2021
Net Debt Last Fiscal Year: $532.84M as of Sep 30, 2021
Shares outstanding: 407,664,231 as of Jan 14, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization