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Tamarack Valley Energy Ltd (TVE.TO)

TVE.TO on Toronto Stock Exchange

4.89CAD
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Tamarack Valley Energy Ltd Announces Operational Update, Production Guidance Increase And Inclusion In TSX Composite Index
Thursday, 20 Sep 2018 08:30am EDT 

Sept 20 (Reuters) - Tamarack Valley Energy Ltd ::TAMARACK VALLEY ENERGY LTD. ANNOUNCES OPERATIONAL UPDATE, PRODUCTION GUIDANCE INCREASE AND INCLUSION IN TSX COMPOSITE INDEX.TAMARACK VALLEY ENERGY LTD SEES ANNUAL PRODUCTION FROM TO 24,000 TO 24,500 BOE/D FOR 2018.TAMARACK VALLEY ENERGY LTD - ANNUAL PRODUCTION GUIDANCE FOR 2018 HAS BEEN INCREASED TO 24,000 TO 24,500 BOE/D.TAMARACK VALLEY ENERGY - 2018 CAPITAL BUDGET REMAINS UNCHANGED FROM PREVIOUS GUIDANCE AT $223 TO $233 MILLION.TAMARACK VALLEY ENERGY LTD - EXPECTS Q3 2018 PRODUCTION TO AVERAGE APPROXIMATELY 24,700 BOE/D.TAMARACK VALLEY ENERGY - Q4 EXIT PRODUCTION GUIDANCE INCREASED TO 24,500 TO 25,000 BOE/D.TAMARACK VALLEY ENERGY LTD - 2018 CAPITAL BUDGET EXPECTED TO BE FULLY FUNDED FROM ADJUSTED OPERATING FIELD NETBACK.TAMARACK VALLEY ENERGY LTD SEES 2019 ANNUAL AVERAGE PRODUCTION VOLUMES FROM 25,500 TO 26,500 BOE/D.TAMARACK VALLEY ENERGY LTD SEES 2019 CAPITAL BUDGET OF $222 MILLION.  Full Article

Tamarack Valley Energy 53 Pct Increase In Proved Developed Producing Reserves
Tuesday, 6 Mar 2018 06:55am EST 

March 6 (Reuters) - Tamarack Valley Energy Ltd ::TAMARACK VALLEY ENERGY LTD. ANNOUNCES RECORD 2017 FINANCIAL AND OPERATING RESULTS AND A 53% INCREASE IN PROVED DEVELOPED PRODUCING RESERVES.TAMARACK VALLEY ENERGY LTD - CORPORATE PRODUCTION IN Q4 OF 22,807 BOE/D, UP 11% OVER Q3 OF 20,541 BOE/D.TAMARACK VALLEY ENERGY LTD - ‍OIL AND NATURAL GAS LIQUIDS WEIGHTING WAS 62% IN Q4 COMPARED TO 55% IN SAME PERIOD OF 2016​.TAMARACK VALLEY ENERGY LTD - QTRLY TOTAL AFFO PER SHARE $0.25 ‍​.TAMARACK VALLEY ENERGY LTD - QTRLY TOTAL REVENUE $90.2 MILLION VERSUS $39.8 MILLION.TAMARACK VALLEY ENERGY - SEES 2018 CAPEX RANGE OF $195 MILLION TO $205 MILLION.TAMARACK VALLEY ENERGY LTD - ‍COMPANY REITERATES 2018 GUIDANCE​.  Full Article

Tamarack Valley Energy Announces 2018 Guidance And Q4 Results
Monday, 15 Jan 2018 07:00am EST 

Jan 15 (Reuters) - Tamarack Valley Energy Ltd ::TAMARACK VALLEY ENERGY LTD. ANNOUNCES 2018 GUIDANCE, OPERATIONAL UPDATE AND RECORD FOURTH QUARTER 2017 PRODUCTION.TAMARACK VALLEY ENERGY - ‍ESTIMATES Q4/17 PRODUCTION AVERAGED OVER 22,600 BOE/D WITH AN OIL AND LIQUIDS WEIGHTING OF 62%​.TAMARACK VALLEY ENERGY LTD - ‍2018 CAPITAL BUDGET IS SET BETWEEN $195 AND $205 MILLION​.TAMARACK VALLEY ENERGY LTD - SEES 2018 ‍ANNUAL AVERAGE PRODUCTION BETWEEN 22,500 - 23,500 BOE/D​.TAMARACK VALLEY ENERGY LTD - ‍DURING Q1 OF 2018, CO EXPECTS TO HAVE FOUR TO FIVE RIGS IN OPERATION​.TAMARACK VALLEY ENERGY LTD - "‍MEANINGFUL" INCREASE IN OIL WEIGHTING IS EXPECTED TO CONTINUE THROUGH 2018​.  Full Article

Tamarack Valley Energy reports Q3 FFO ‍$0.15​ per share
Wednesday, 8 Nov 2017 06:30am EST 

Nov 8 (Reuters) - Tamarack Valley Energy Ltd :Tamarack Valley Energy Ltd. announces record 2017 third quarter results and increased 2017 capital.Tamarack Valley Energy Ltd - ‍corporate production in Q3 of 20,541 boe/d, up 6% over Q2 2017 and more than 90% over Q3 2016​.Tamarack Valley Energy Ltd - ‍intends to accelerate $10-15 million of Q1 2018 capital into company's Q4 2017 program​.Tamarack Valley Energy Ltd - ‍ accelerated Q4 capital will result in an increased full year 2017 capital program of $195-198 million​.Tamarack Valley Energy Ltd qtrly FFO ‍$0.15​ per share.Tamarack Valley Energy Ltd qtrly ‍total revenue $63.9 million versus $31.6 million​.Tamarack Valley Energy Ltd - ‍commenced mid-year lending review, management expects bank line increase to $290 million from $265 million by December 31, 2017​.Tamarack Valley Energy Ltd - ‍anticipates full year 2017 production will average near upper end of annual guidance range of 19,000 to 20,000 boe/d​.Tamarack Valley Energy Ltd - ‍initial forecasts anticipate an "active" Q1 2018 drilling program with spending of $65-75 million in quarter​.  Full Article

Tamarack Valley Energy reports Q2 results
Thursday, 10 Aug 2017 09:25pm EDT 

Aug 10 (Reuters) - Tamarack Valley Energy Ltd :Tamarack Valley Energy Ltd. announces record 2017 second quarter results, continued operational success and increased 2017 exit production guidance.Says achieved record corporate production in Q2/17 of 19,336 boe/d, up 9% over Q1/17 and more than doubled Q2/16.Qtrly ffo $0.15.By end 2017, anticipate net debt to q4 annualized funds flow (including hedges) to be below 1.0 times.Tamarack Valley Energy Ltd - for FY17 ,has increased its exit production guidance to approximately 22,000 boe/d (57-62% oil and ngls).  Full Article

Tamarack Valley Energy qtrly FFO per share $0.15
Monday, 15 May 2017 08:02pm EDT 

May 15 (Reuters) - Tamarack Valley Energy Ltd ::Tamarack Valley Energy Ltd announces 2017 first quarter results.Achieved Q1/17 average production of 17,796 boe/d, up 55% over Q4/16 and up 86% from Q1/16.Qtrly funds from operations per share $0.15.Has begun to adjust capital spending to bottom end of its 2017 guidance range of $165 to $175 million.Tamarack's 2017 annual average production guidance remains unchanged at 19,000 to 20,000 boe/d.Company expects Q2 production to average between 18,000 and 18,500 boe/d.  Full Article

Tamarack Valley Energy's Q4 2016 avg production up 6 pct
Thursday, 23 Mar 2017 06:00am EDT 

Tamarack Valley Energy Ltd : Tamarack Valley Energy Ltd announces 2016 financial and operating results with record fourth quarter 2016 production and board appointment . Tamarack Valley Energy Ltd says Q4 2016 average production of 11,453 boe/d, up 6pct from q3 2016 and up 15pct over Q4 2015 . Remains on target to meet its average first half production guidance range of 18,500 to 19,000 boe/d . Tamarack Valley Energy Ltd qtrly FFO per share $0.15 .Appointment of Ian Currie to its board of directors.  Full Article

Tamarack Valley Energy reports 43 pct increase in proved producing reserves
Monday, 27 Feb 2017 06:30am EST 

Tamarack Valley Energy Ltd : Tamarack Valley Energy Ltd. announces a 43 pct increase in proved developed producing reserves and an operational update . Tamarack Valley Energy - PDP reserves increased by 43 pct on an absolute basis and by 5 pct per fully diluted share for 2016 .Tamarack Valley Energy - remains on target to meet its first half production guidance range of 18,500 to 19,000 boe/d.  Full Article

Tamarack Valley Energy increases borrowing base to $220 mln
Wednesday, 11 Jan 2017 07:04pm EST 

Tamarack Valley Energy Ltd : Tamarack Valley Energy Ltd-its extendible revolving credit facilities were amended to increase borrowing base to $220 million from $120 million .Tamarack Valley Energy Ltd announces closing of Spur Resources Ltd acquisition and increase in borrowing base to $220 million.  Full Article

Tamarack Valley qtrly FFO per share $0.12
Tuesday, 8 Nov 2016 07:30am EST 

Tamarack Valley Energy Ltd : Production for quarter averaged 10,790 boe/d (55% liquids), an increase of 13% over previous quarter . Qtrly total revenue $31.6 million versus $27.8 million . Qtrly funds from operations per share $0.12 .Tamarack valley energy ltd. Announces 2016 third quarter results.  Full Article