Tamarack reported strong year-end financial results with cash flow that came in ahead of our estimate, while net debt was lower on the back of lower spending and disposition activity. Production performance was strong on capital spending that was ~15% lower than formal guidance as the Company continues to benefit from improved capital efficiencies as a result of redesigned drilling and completion techniques coupled with service cost deflation. Management has reiterated its 2016e guidance that wi ....
24 Mar 2016
Reports 2015 Year-End Financial Results, Reiterates Guidance Range
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Reports 2015 Year-End Financial Results, Reiterates Guidance Range
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
24 Mar 2016 -
Author:
Michael Hearn -
Pages:
6
Tamarack reported strong year-end financial results with cash flow that came in ahead of our estimate, while net debt was lower on the back of lower spending and disposition activity. Production performance was strong on capital spending that was ~15% lower than formal guidance as the Company continues to benefit from improved capital efficiencies as a result of redesigned drilling and completion techniques coupled with service cost deflation. Management has reiterated its 2016e guidance that wi ....