Tamarack Valley Energy Ltd. (T:TVE)
Business Focus: Oil & Gas Exploration and Production (NEC)
Mostly sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for TVE within the last 6 months
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Company News
Apr 15, 2024 17:56 ET
Tamarack Valley Energy Announces Unplanned Outage in the Nipisi Area
CALGARY, AB, April 15, 2024 /CNW/ - On Saturday, April 13, 2024, there was an unplanned event at a third-party gas plant at Mitsue, Alberta. This plant processes Tamarack Valley Energy Ltd.'s ("Tamarack" or the "Company") (TSX: TVE) solution gas from various batteries in the Nipisi area. Due to flaring limitations set by the Alberta Energy Regulator (the "AER"), Tamarack has temporarily shut in approximately 6,200 boe/d of production which is comprised of 5,250 bbl/d of oil, 50 bbl/d of NGLs and 5,700 mcf/d of natural gas.
Apr 15, 2024 07:00 ET
Tamarack Valley Energy Announces Declaration of Monthly Dividend
CALGARY, AB, April 15, 2024 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on May 15, 2024, to shareholders of record at the close of business on April 30, 2024. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Valuation Ratios
Industry
Sector
Beta
2.58
--
--
Price to Sales - TTM
1.47
3.19
3.41
Price to Book - most recent quarter
0.96
1.40
1.77
Price to Cash Flow per share - TTM
2.85
4.87
5.71
Price to Free Cash Flow per share - TTM
13.21
16.45
17.10
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 5,983,486 | 32,158 |
| Mar 31, 2024 | 5,951,328 | -1,767,256 |
| Mar 15, 2024 | 7,718,584 | -6,343,925 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
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.
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