Last €4.26 EUR
Change Today -0.097 / -2.23%
Volume 0.0
As of 2:06 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

tamarack valley energy ltd (9TA1) Snapshot

Open
€4.26
Previous Close
€4.35
Day High
€4.26
Day Low
€4.26
52 Week High
07/7/14 - €4.59
52 Week Low
08/22/13 - €1.75
Market Cap
257.3M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
60.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TAMARACK VALLEY ENERGY LTD (9TA1)

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tamarack valley energy ltd (9TA1) Details

Tamarack Valley Energy Ltd. is engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Its principal resource portfolio includes Cardium properties located in Lochend, Garrington, and Buck Lake areas; and other oil properties in Saskatchewan. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada.

10 Employees
Last Reported Date: 03/13/14
Founded in 2002

tamarack valley energy ltd (9TA1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$192.3K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$164.6K
Vice President of Production and Operations
Total Annual Compensation: C$164.6K
Vice President of Exploration
Total Annual Compensation: C$162.1K
Vice President of Land
Total Annual Compensation: C$159.5K
Compensation as of Fiscal Year 2013.

tamarack valley energy ltd (9TA1) Key Developments

Tamarack Valley Energy Ltd Announces Executive Changes; Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Reiterates Production Guidance for the First Half and Full Year of 2014

Tamarack Valley Energy Ltd. announced that on April 30, 2014, Mr. Niels Gundesen announced his retirement as Vice President, Engineering. Mr. Gundesen has made himself available to provide consulting services to the company on an as needed part-time basis. The company announced that Mr. Dave Christensen has been promoted to Vice President, Engineering. Mr. Christensen has more than 30 years of experience in the oil and gas industry, most recently he was the Development Engineering Manager for the West Region with an intermediate oil and gas company. Dave joined the company team in February, 2014. In addition, the company also announced that Mr. Martin Malek has also joined the company team as Senior Development Engineer. Martin joined the company in February, 2014. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $24,498,255 against $12,922,879 a year ago. Funds from operations were $13,445,163 against $7,005,572 a year ago. Basic and diluted earnings per share were $0.03 against $0.01 a year ago. Net debt was $37,130,296 against $81,764,155 a year ago. Capital expenditures were $25,012,046 against $11,783,298 a year ago. The company reported net earnings of $1.79 million compared to $296,846 during the first quarter of 2013. Cash flow was $13.45 million or $0.25 per share against $7.01 million or $0.24 per share a year ago. The company announced operating results for the first quarter ended March 31, 2014. For the quarter, the company reported average daily production of 42,411,701 bbl/d against 4,383,439 bbl/d a year ago. The company increased first quarter production 55% year-over-year to 4,182 boe per day from 2,701 boe per day during the same period last year. Increases in production were due to production from the Sure Energy Inc. acquisition completed in October 2013, and the successful 2013 drilling program, offset by expected declines from existing production. The company reiterates its original average production forecast of 4,700 boe/d during the first half of 2014 and reiterates its annual average production between 5,300 and 5,500 boe/d for 2014.

Tamarack Valley Energy Ltd. Announces Resignation of Sheldon Steeves from the Board

Tamarack Valley Energy Ltd. announced that Mr. Sheldon Steeves has resigned from the board to pursue other business interests. Mr. Steeves has been on the Board of Tamarack since the acquisition of Echoex Ltd. on April 18, 2012.

Tamarack Valley Energy Ltd, Annual General Meeting, Jun 02, 2014

Tamarack Valley Energy Ltd, Annual General Meeting, Jun 02, 2014., at 15:00 US Mountain Standard Time. Location: McMurray Room of the Calgary Petroleum Club. Agenda: To receive the consolidated financial statements of the corporation and the auditors' report thereon for the years ended December 31, 2013 and December 31, 2012; to elect the directors of the corporation for the ensuing year; to appoint auditors of the corporation for the ensuing year and to authorize the directors of the corporation to fix their remuneration as such; to re-approve the corporation's stock option plan; to consider, and if thought advisable, approve a restricted share unit plan of the corporation; and to transact such other business as may properly come before the meeting or any adjournment(s) thereof.

 

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Valuation 9TA1 Industry Range
Price/Earnings 15.4x
Price/Sales 4.6x
Price/Book 1.8x
Price/Cash Flow 8.5x
TEV/Sales -- Not Meaningful
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