Tamarack Valley Energy Ltd
TSX:TVE

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Tamarack Valley Energy Ltd Logo
Tamarack Valley Energy Ltd
TSX:TVE
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Price: 7.63 CAD 2.69% Market Closed
Market Cap: 3.8B CAD

Tamarack Valley Energy Ltd
Investor Relations

In the heart of Canada's energy sector, Tamarack Valley Energy Ltd. carves out its niche, harnessing the rich natural resources of Western Canada. This Calgary-based company stands as a significant player in the exploration and production of oil and gas, with a strategic focus on long-term growth and sustainability. Established in 2002, Tamarack Valley has become adept at identifying and acquiring undervalued, high-potential assets. Its operations are concentrated in some of the most prolific hydrocarbon regions, particularly in Alberta and Saskatchewan. The company's commitment to innovation and efficiency enables it to optimize production processes and lower operational costs, ultimately boosting profitability.

Tamarack Valley's business model is firmly anchored in its ability to extract value through horizontal drilling and hydraulic fracturing technologies, which unlock vast reserves of light oil and natural gas liquids. By methodically enhancing recovery techniques and employing data-driven approaches, Tamarack Valley manages to bolster its production outputs while also maintaining a vigilant eye on environmental stewardship. This approach not only helps in generating consistent revenue streams from its core operations but also aligns the firm with evolving regulatory landscapes and community expectations. In pursuing prudently executed acquisitions and maintaining financial discipline, Tamarack Valley Energy continually strives to deliver resilience and growth, even amidst the volatile dynamics of the global energy markets.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Production: Q3 production averaged 66,126 BOE per day, with full-year guidance of 67,000–69,000 BOE per day reaffirmed despite service interruptions.

Portfolio Moves: Tamarack completed a $51.5 million Clearwater acquisition and sold non-core Eastern Alberta assets for $112 million, finalizing its transition to a pure-play Clearwater and Charlie Lake producer.

Shareholder Returns: $57 million was returned to shareholders in Q3 via dividends and buybacks; annual base dividend increased 5% to $0.16 per share and will shift to quarterly payments in 2026.

Waterflood Success: Clearwater waterflood injection rates hit Q4 targets ahead of schedule, driving 3,600 barrels per day of production growth, with further increases expected.

Financial Strength: Net debt reduced to $631 million, down $144 million since year-start, with S&P upgrading Tamarack's credit rating to B+.

Cost Reduction: Net production expenses declined 19% year-over-year, with further 5% reduction in guidance following asset sales.

Guidance: 2025 guidance for production and lower costs reaffirmed, with further details on 2026 to come in December.

Key Financials
Production
66,126 BOE per day
Clearwater Production Growth
11% year-over-year
Waterflood Injection Rate
30,000 barrels per day (September exit), expected to exceed 35,000 barrels per day by year-end
Adjusted Funds Flow
$201 million
Adjusted Funds Flow Per Share
$0.40 per share
Free Funds Flow
$96 million
Free Funds Flow Per Share
$0.19 per share
YTD Free Funds Flow
$320 million
YTD Free Funds Flow Per Share
$0.63 per share
Net Debt
$631 million
Share Buybacks (Q3)
6.7 million shares repurchased (1.3% of share count at end of 2024)
Share Buybacks (since January 2024)
63 million shares repurchased (over 11% of 2023 year-end float)
Shareholder Returns (Q3)
$57 million
Shareholder Returns (YTD)
$194 million
Annual Base Dividend
$0.16 per share
Earnings Call Recording
Other Earnings Calls

Management

Mr. Brian Leslie Schmidt
President, CEO & Director
No Bio Available
Mr. Kevin Screen
Chief Operating Officer
No Bio Available
Ms. Christine Ezinga
Vice President of Business Development & Sustainability
No Bio Available
Mr. Scott W. Shimek
Vice President of Production & Operations
No Bio Available
Ms. Rocky Baker
Vice President of Marketing
No Bio Available
Ms. Lynne Patricia Chrumka
Vice President of Exploration
No Bio Available
Mr. Sanjib Singh Gill L.L.B.
Corporate Secretary
No Bio Available

Contacts

Address
ALBERTA
Calgary
425 1 St SW
Contacts