Impact: Positive, as Tamarack's 2Q15e and current production levels appear to be tracking ahead of both internal forecasts and our current outlook while its reduced corporate budget and increased credit facility will maintain the Company's financial flexibility, allowing it to take advantage of tuck-in acquisition opportunities or preserve its balance sheet within a low commodity price environment.
29 Jul 2015
TAMARACK VALLEY ENERGY LTD. (TVE) ANNOUNCES 2Q15 PRODUCTION, REDUCES 2015E CAPITAL BUDGET WHILE MAINTAINING ANNUAL PRODUCTION GUIDANCE
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TAMARACK VALLEY ENERGY LTD. (TVE) ANNOUNCES 2Q15 PRODUCTION, REDUCES 2015E CAPITAL BUDGET WHILE MAINTAINING ANNUAL PRODUCTION GUIDANCE
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
29 Jul 2015 -
Author:
Michael Hearn -
Pages:
3
Impact: Positive, as Tamarack's 2Q15e and current production levels appear to be tracking ahead of both internal forecasts and our current outlook while its reduced corporate budget and increased credit facility will maintain the Company's financial flexibility, allowing it to take advantage of tuck-in acquisition opportunities or preserve its balance sheet within a low commodity price environment.