Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Tamarack Valley Energy Ltd. (T:TVE)

Business Focus: Oil & Gas Exploration and Production

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
Floyd R. Price
Independent Chairman of the Board
Brian L. Schmidt
President, Chief Executive Officer, Director
Ron S. Hozjan
Chief Financial Officer, Vice President - Finance
Kevin Screen
Vice President - Production and Operations
Dave Christensen
Vice President - Engineering
Ken Cruikshank
Vice President - Land
Scott Reimond
Vice President - Exploration
Sony Gill
Corporate Secretary
 
Business Overview
Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant. Tamarack has interests in approximately 50 sections of land in the Pembina, Garrington and Lochend areas of Alberta. The Company has interests in approximately 60 sections of land in the Redwater and Westlock areas of Alberta. Tamarack has interests in over 30 sections of land in the Hatton area of Saskatchewan. The Company drilled over 10 horizontal Cardium oil wells in the core Wilson Creek and Alder Flats areas.
Financial Overview
For the nine months ended 30 September 2019, Tamarack-Valley-Energy-Ltd revenues decreased 12% to C$255.7M. Net income decreased 40% to C$11.5M. Revenues reflect Oil Equivalent Production (Units/day), T decrease of 1% to 24K barrels per day, Oil and natural gas decrease of 13% to C$283.4M. Net income also reflects Unrealized gain (loss) on financial inst increase of 27% to C$22.4M (expense), Finance increase of 10% to C$10.4M (expense).
Employees: 37 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $323.27M as of Sep 30, 2019
EBITDA (TTM): $210.18M as of Sep 30, 2019
Net annual income (TTM): $30.49M as of Sep 30, 2019
Free cash flow (TTM): $17.94M as of Sep 30, 2019
Net Debt Last Fiscal Year: $211.67M as of Sep 30, 2019
Shares outstanding: 222,638,137 as of Feb 11, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization