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Last C$3.55 CAD
Change Today -0.19 / -5.08%
Volume 475.3K
As of 4:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

tamarack valley energy ltd (TVE) Snapshot

Open
C$3.72
Previous Close
C$3.74
Day High
C$3.72
Day Low
C$3.51
52 Week High
09/4/14 - C$7.87
52 Week Low
12/12/14 - C$2.57
Market Cap
346.9M
Average Volume 10 Days
388.5K
EPS TTM
C$0.08
Shares Outstanding
97.7M
EX-Date
--
P/E TM
43.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for TAMARACK VALLEY ENERGY LTD (TVE)

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tamarack valley energy ltd (TVE) Details

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It holds interests in Cardium light oil resource plays in Lochend, Garrington/Harmattan, and Buck Lake in Alberta; Viking light oil resource plays in Redwater, Foley Lake, and Westlock in Alberta; and heavy oil properties located southeast of Lloydminster in Saskatchewan. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada.

13 Employees
Last Reported Date: 03/12/15
Founded in 2002

tamarack valley energy ltd (TVE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$245.8K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$208.3K
Vice President of Production & Operations
Total Annual Compensation: C$208.3K
Vice President of Exploration
Total Annual Compensation: C$191.7K
Vice President of Land
Total Annual Compensation: C$191.7K
Compensation as of Fiscal Year 2014.

tamarack valley energy ltd (TVE) Key Developments

Tamarack Valley Energy Ltd. Completes its Acquisition of Certain Assets Located in the Greater Wilson Creek Area of Alberta

Tamarack Valley Energy Ltd. has successfully completed its previously announced acquisition of certain assets located in the greater Wilson Creek area of Alberta, contiguous with Tamaracks existing Cardium interest in Wilson Creek, for an aggregate purchase price of $43.3 million, subject to normal closing adjustments. On the acquisition lands, the company has identified 40 net one-mile equivalent high-quality, one year or less payout Cardium drilling locations using current strip pricing and current realized industry service costs. Pursuant to the acquisitions, Tamarack has also acquired 100% ownership in facilities, which include a six mmcf-per-day gas plant, 1,000 bbl-per-day central oil battery and over 220 kilometres of emulsion and pipeline infrastructure, which, in the aggregate, the company has estimated to have a replacement cost in excess of $60 million.

Tamarack Valley Mulls Acquisitions

Tamarack Valley Energy Ltd (TSXV:TVE) is seeking acquisitions. The company said that it plans to "cautiously proceed" with a drill program over the rest of the year while keeping an eye out for more acquisition opportunities.

Tamarack Valley Energy Ltd Provides Earnings Guidance for the Year 2015

Tamarack Valley Energy Ltd. provided earnings guidance for the year 2015. For the year, the company expected an increase in its capital expenditure budget to between $130 million to $140 million from $47 million. Resulting in 2015 estimated production guidance between 8,000-8,200 boe/d (approximately 58-62% oil & NGLs) and an 2015 exit production rate of approximately 10,000 boe/d (approximately 58-62% oil & NGLs). The Company is also making progress towards achieving its targeted 20% reduction in capital costs to improve on capital efficiencies. 2015 accretion is forecast to be 4% on cash flow per share, 3% on production per share and 20% on net asset value per share.

 

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TVE

Industry Average

Valuation TVE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 1.0x
Price/Cash Flow 13.8x
TEV/Sales -- Not Meaningful
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