Current TVE Stock Info

Differentials may lead to deferred completions
Tamarack Valley Energy (ticker: TVE) announced third quarter results today, showing net income of $13 million, or $0.06 per share. The company reported record production this quarter, with an output of 24,765 BOEPD, up 21% year-over-year.

Tamarack spent $78.1 million drilling and completing wells in Q3, a program that the company reports has demonstrated high efficiency. Tamarack believes that having a larger development program allows for meaningful economies of scale, and the company plans to take advantage of this by spending money that was allocated for 2019 now. About half of this spending will be used in Tamarack’s waterflood projects, while the remainder will be used in drilling new ...

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