Coming off restriction from our participation in the Company’s latest $81.6 mm equity financing, we update our estimates.Concurrent with the financing, Tamarack announced two strategic acquisitions, further expanding its footprint in the Redwater/Wilson Creek areas, while adding a new core area at Penny in southern Alberta.In light of the acquisitions, Management has put forth updated 2016e guidance factoring in a modest bump to both E&D spending and production volumes given a parti
13 Jul 2016
Expands Footprint Yet Again, Completes $81.6 mm Financings, Increases 2016e Guidance
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Expands Footprint Yet Again, Completes $81.6 mm Financings, Increases 2016e Guidance
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
13 Jul 2016 -
Author:
Michael Hearn -
Pages:
8
Coming off restriction from our participation in the Company’s latest $81.6 mm equity financing, we update our estimates.Concurrent with the financing, Tamarack announced two strategic acquisitions, further expanding its footprint in the Redwater/Wilson Creek areas, while adding a new core area at Penny in southern Alberta.In light of the acquisitions, Management has put forth updated 2016e guidance factoring in a modest bump to both E&D spending and production volumes given a parti