CA - Tamarack Valley: Did Recent Acquisitions Set The Company Back?
2024-07-07 11:39:58 ET
Summary
- Tamarack Valley recorded a small loss in the latest quarter, raising concerns about their growth strategy through acquisitions.
- Headwater Exploration is growing organically and currently more profitable.
- Tamarack Valley's earnings and cash flow trends are not encouraging.
- Management has yet to demonstrate the advantages of the acquisition strategy.
- Long-term debt for a heavy oil producer is risky because heavy oil often has negative cash flow during a cyclical downturn when the discount to light oil widens.
(Note: Tamarack Valley is a Canadian company that reports in Canadian dollars unless otherwise stated.)
Tamarack Valley ( OTCPK:TNEYF ) recorded a small loss in the latest quarter. This happened despite a lot of progress made on a number of fronts according to the latest quarterly reports . This calls into question the company strategy of growth through acquisitions....
Tamarack Valley: Did Recent Acquisitions Set The Company Back?