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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
Tel: N/A
IR: See website
Key People
Floyd R. Price
Independent Chairman of the Board
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. (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 six months ended 30 June 2021,Tamarack-Valley-Energy-Ltd revenues increased from C$87.3Mto C$212.8M. Net income totaled C$230M vs. loss ofC$287.4M. Revenues reflect Light Oil segment increase of98% to C$157.9M, Natural Gas Production, Total increase of11% to 10.43B cubic feet, Oil Equivalent Production(Units/day), T increase of 27% to 28K barrels per day.
Employees: 44 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $323.06M as of Jun 30, 2021
EBITDA (TTM): $194.99M as of Jun 30, 2021
Net annual income (TTM): $206.03M as of Jun 30, 2021
Free cash flow (TTM): $26.55M as of Jun 30, 2021
Net Debt Last Fiscal Year: $527.08M as of Jun 30, 2021
Shares outstanding: 406,041,000 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization