Fourth quarter production was strong coming in ahead of our estimate and Management’s exit guidance, with the Company able to achieve this on lower than anticipated spending. Estimated net debt exiting the year was also lower than expected, allowing for additional financial flexibility for the Company entering 2016. With balance sheet preservation the top priority, Management has put forth a preliminary capital spending budget of $52-$57 mm with average annual production pegged at 9,500-9,700 bo ....
20 Jan 2016
Tamarack Valley Reports Strong Fourth Quarter Results, Provides 2016e Guidance
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Tamarack Valley Reports Strong Fourth Quarter Results, Provides 2016e Guidance
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
20 Jan 2016 -
Author:
Michael Hearn -
Pages:
6
Fourth quarter production was strong coming in ahead of our estimate and Management’s exit guidance, with the Company able to achieve this on lower than anticipated spending. Estimated net debt exiting the year was also lower than expected, allowing for additional financial flexibility for the Company entering 2016. With balance sheet preservation the top priority, Management has put forth a preliminary capital spending budget of $52-$57 mm with average annual production pegged at 9,500-9,700 bo ....