CA - Another Solid Quarter By Tamarack Valley Energy

2024-05-08 14:46:27 ET

Summary

• Tamarack Valley Energy Ltd. reported Q1 2024 results with production volume in line with guidance and a high liquids weighting of 86%.
• The company's stock has performed well YTD, outperforming peers and benefiting from a strong oil price and decreased discount to heavy oil.
• Tamarack Valley is guiding for an average annual production of 61,000-63,000 boe/d in 2024 with a capital budget of C$390-440M.

Overview

Tamarack Valley Energy Ltd. (TNEYF, TVE:CA ) is a Canadian oil & natural gas producers I have covered a few times over the last 6 months, and the prior articles can be found here . The company reported its Q1 result today, and this article will primarily focus on those numbers....

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