- Tamarack Valley Energy‘s preliminary average production for the fourth quarter of 2024 was 66,104 barrels of oil equivalent per day (boe/d).
- The company reported a year-over-year increase in debt-adjusted reserves per share: 22% for proved developed producing (PDP) reserves and 19% for total proved plus probable (TPP) reserves.
- Charlie Lake assets showed strong production rates, with the company delivering top-performing well results in this region.
- Growth and performance in the Clearwater area, particularly the waterflood program, were major contributors to these positive results.
- Overall efficiencies of the 2024 program exceeded expectations owing to well outperformance, enhanced execution, and expansion of the waterflood program.
- Market sentiment is positive with 9 analyst buy ratings, 1 hold rating, and no sell ratings on the stock.
A look at Tamarack Valley Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Tamarack Valley Energy a positive long-term outlook based on their Smart Scores assessment. With a strong Value score of 4, the company is perceived to be undervalued compared to its peers, indicating potential for growth in the future. Additionally, Tamarack Valley Energy scores a respectable 3 in both Dividend and Growth categories, suggesting a balance between returning profits to shareholders and investing in expansion.
Although the company scored lower in Resilience with a 2, its Momentum score of 4 signals a positive trend in the market. Tamarack Valley Energy Ltd., known for exploring oil and natural gas in western Canada, has a diverse portfolio including Cardium light oil properties in Alberta and natural gas properties in Alberta and British Columbia. This mix of assets positions the company well for future opportunities and growth in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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