Tamarack Valley reported 2Q19 results which were largely in line with consensus, with production, FFOPS, and capital expenditures reported at 24,090 boe/d, $0.26/sh, and $30.7 mm, respectively, as the company continued to be subject to the ongoing Alberta mandated production curtailments. There was no change to the company’s 2019 guidance, with capital investment of $170-$180 mm still expected to generate production of 23,500-24,500 boe/d and FCF in the realm of $40-$50 mm.
09 Aug 2019
2Q19 results as expected; Shuffling capital into Saskatchewan and waterflood activity
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2Q19 results as expected; Shuffling capital into Saskatchewan and waterflood activity
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
09 Aug 2019 -
Author:
Cody R. Kwong -
Pages:
7
Tamarack Valley reported 2Q19 results which were largely in line with consensus, with production, FFOPS, and capital expenditures reported at 24,090 boe/d, $0.26/sh, and $30.7 mm, respectively, as the company continued to be subject to the ongoing Alberta mandated production curtailments. There was no change to the company’s 2019 guidance, with capital investment of $170-$180 mm still expected to generate production of 23,500-24,500 boe/d and FCF in the realm of $40-$50 mm.