Annonce • Dec 16
Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration for December 2025, Payable on January 15, 2026 Tamarack Valley Energy Ltd. board of Directors has declared a monthly cash dividend on its common shares of CAD 0.013333 per share in accordance with the Company's dividend policy. The dividend will be payable on January 15, 2026, to shareholders of record at the close of business on December 31, 2025. This monthly cash dividend is designated as an eligible dividend for Canadian income tax purposes. Annonce • Oct 16
An undisclosed private company completed the acquisition of Non core producing assets of Tamarack Valley Energy Ltd. (TSX:TVE). An undisclosed private company entered into a definitive agreement to acquire Non core producing assets of Tamarack Valley Energy Ltd. (TSX:TVE) for approximately CAD 180 million on September 18, 2025. The consideration includes, CAD 112 million before closing adjustments, and the assumption of undiscounted asset retirement obligations of CAD 63 million.
The transaction is expected to close in October 2025, subject to customary closing considerations. Proceeds from the divestiture will initially be utilized to reduce net debt providing the Tamarack with future optionality to increase shareholder returns or accelerate ongoing development in the Clearwater, including expanded waterflood initiatives. Tamarack expects the East Asset Divestiture will be accretive to the Company’s five-year plan, reinforced by lower net production expenses and higher margins on a per boe basis and lower near-term asset retirement obligation expenditures.
National Bank Financial, Inc. acted as financial advisor and Stikeman Elliott LLP acted as legal advisor for Tamarack Valley Energy Ltd.
An undisclosed private company completed the acquisition of Non core producing assets of Tamarack Valley Energy Ltd. (TSX:TVE) on October 15, 2025. Annonce • Oct 15
Tamarack Valley Energy Ltd. Announces Monthly Cash Dividend Declaration for October 2025, Payable on November 14, 2025 Tamarack's Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on November 14, 2025, to sharehcolders of record at the close of business on October 31, 2025. Annonce • Sep 19
An undisclosed private company entered into a definitive agreement to acquire Non core producing assets of Tamarack Valley Energy Ltd. (TSX:TVE) for approximately CAD 180 million. An undisclosed private company entered into a definitive agreement to acquire Non core producing assets of Tamarack Valley Energy Ltd. (TSX:TVE) for approximately CAD 180 million on September 18, 2025. The consideration includes, CAD 112 million before closing adjustments, and the assumption of undiscounted asset retirement obligations of CAD 63 million.
The transaction is expected to close in October 2025, subject to customary closing considerations. Proceeds from the divestiture will initially be utilized to reduce net debt providing the Tamarack with future optionality to increase shareholder returns or accelerate ongoing development in the Clearwater, including expanded waterflood initiatives. Tamarack expects the East Asset Divestiture will be accretive to the Company’s five-year plan, reinforced by lower net production expenses and higher margins on a per boe basis and lower near-term asset retirement obligation expenditures.
National Bank Financial, Inc. acted as financial advisor and Stikeman Elliott LLP acted as legal advisor for Tamarack Valley Energy Ltd. Annonce • Sep 18
Tamarack Valley Energy Ltd. Reaffirms Production Guidance for the Year 2025 and Provides Production Guidance for the Fourth Quarter of 2025 Tamarack Valley Energy Ltd. reaffirmed production guidance for the year 2025 and provided production guidance for the fourth quarter of 2025. The company's 2025 guidance remains mostly unchanged for the full year, primarily due to outperformance from the first half of 2025 development programs, Clearwater waterflood response and a tuck-in acquisition of additional Clearwater assets early in the third quarter. Full year production outlook remains at 67,000 to 69,000 boe per day with fourth quarter production expected to be 66,500 to 67,500 boe per day. Annonce • Sep 16
Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration for September 2025, Payable on October 15, 2025 Tamarack Valley Energy Ltd. announced that its Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on October 15, 2025, to shareholders of record at the close of business on September 30, 2025. Annonce • Aug 16
Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration, Payable on September 15, 2025 Tamarack Valley Energy Ltd.'s Board of Directors has declared a monthly cash dividend on its common shares ("Common Shares") of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on September 15, 2025, to shareholders of record at the close of business on August 29, 2025. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Jul 15
Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration, Payable on August 15, 2025 The Board of Directors of Tamarack Valley Energy Ltd. has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on August 15, 2025, to shareholders of record at the close of business on July 31, 2025. Annonce • Jun 13
Tamarack Valley Energy Ltd. Announces Monthly Dividend Declaration, Payable on July 15, 2025 Tamarack Valley Energy Ltd. Board of Directors has declared a monthly cash dividend on its common shares of $0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on July 15, 2025, to shareholders of record at the close of business on June 30, 2025. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • May 16
Tamarack Valley Energy Announces Monthly Dividend Declaration, Payable on June 16, 2025 Tamarack Valley Energy Ltd.'s Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on June 16, 2025, to shareholders of record at the close of business on May 30, 2025. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • May 07
Tamarack Valley Energy Ltd. Maintains Production Guidance for the Fiscal Year 2025 Tamarack Valley Energy Ltd. maintained production guidance for the fiscal year 2025. for the year, the company expects Average Production of 65,000 boe/d to 67,000 boe/d. Annonce • Apr 15
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend, Payable on May 15, 2025 Tamarack Valley Energy Ltd.'s Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on May 15, 2025, to shareholders of record at the close of business on April 30, 2025. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Mar 14
Tamarack Valley Energy Ltd. Declares a Monthly Cash Dividend, Payable on April 15, 2025 The Board of Directors of Tamarack Valley Energy Ltd. has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on April 15, 2025, to shareholders of record at the close of business on March 31, 2025. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Feb 26
Tamarack Valley Energy Ltd., Annual General Meeting, May 07, 2025 Tamarack Valley Energy Ltd., Annual General Meeting, May 07, 2025. Annonce • Feb 14
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend, Payable on March 14, 2025 The Board of Directors of Tamarack Valley Energy Ltd. has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on March 14, 2025, to shareholders of record at the close of business on February 28, 2025. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Jan 14
Tamarack Valley Energy Announces Monthly Cash Dividend, Payable on February 14, 2025 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on February 14, 2025, to shareholders of record at the close of business on January 31, 2024. Annonce • Jan 11
Tamarack Valley Energy Ltd. to Report Q4, 2024 Results on Feb 25, 2025 Tamarack Valley Energy Ltd. announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025 Annonce • Dec 16
Tamarack Valley Energy Declares Monthly Dividend, Payable on January 15, 2025 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on January 15, 2025, to shareholders of record at the close of business on December 30, 2024. Annonce • Dec 04
Tamarack Valley Energy Ltd. Provides Production Guidance for the Fiscal Year 2025 Tamarack Valley Energy Ltd. provided production guidance for the fiscal year 2025. for the year, the company expects Annual Average Production of 65,000 boe/d to 67,000 boe/d. Annonce • Nov 15
Tamarack Valley Energy Ltd. Announces Monthly Cash Dividend, Payable on December 16, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on December 16, 2024, to shareholders of record at the close of business on November 29, 2024. Annonce • Oct 15
Tamarack Valley Energy Announces Declaration of Monthly Dividend, Payable on November 15, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on November 15, 2024, to shareholders of record at the close of business on October 31, 2024. Annonce • Aug 15
Tamarack Valley Energy Ltd. Declares Monthly Dividend, Payable on September 16, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on September 16, 2024, to shareholders of record at the close of business on August 30, 2024. Annonce • Aug 01
Tamarack Valley Energy Ltd. Reiterates Production Guidance for the Year 2024 Tamarack Valley Energy Ltd. reiterated production guidance for the year 2024. For the year, the company reiterates prior annual production guidance of 61,000 - 63,000 boe/d. Annonce • Jul 15
Tamarack Valley Energy Ltd. Declares Monthly Dividend, Payable on August 15, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on August 15, 2024, to shareholders of record at the close of business on July 31, 2024. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Jun 10
Tamarack Valley Energy Ltd. to Report Q2, 2024 Results on Aug 01, 2024 Tamarack Valley Energy Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Annonce • May 16
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend, Payable on June 14, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on June 14, 2024, to shareholders of record at the close of business on May 31, 2024. Annonce • May 09
Tamarack Valley Energy Ltd. Provides Production Guidance for the Year 2024 Tamarack Valley Energy Ltd. provided production guidance for the year 2024. For the year, the company expects 61,000 boe/d- 63,000 boe/d. Annonce • Mar 15
Tamarack Valley Energy Announces Declaration of Monthly Cash Dividend, Payable on April 15, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on April 15, 2024, to shareholders of record at the close of business on March 29, 2024. Annonce • Mar 03
Tamarack Valley Energy Ltd. to Report Q1, 2024 Results on May 08, 2024 Tamarack Valley Energy Ltd. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Annonce • Feb 23
Tamarack Valley Energy Ltd., Annual General Meeting, May 08, 2024 Tamarack Valley Energy Ltd., Annual General Meeting, May 08, 2024. Annonce • Feb 15
Tamarack Valley Energy Ltd. Announces Declaration of Monthly Cash Dividend on its Common Shares, Payable on March 15, 2024 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on March 15, 2024, to shareholders of record at the close of business on February 29, 2024. Annonce • Feb 01
Tamarack Valley Energy Ltd. Appoints Ms. Shannon Joseph to the Company's Board of Directors Tamarack Valley Energy Ltd. announced the appointment of Ms. Shannon Joseph to the company's Board of Directors, effective February 1, 2024. Ms. Joseph is the Chairperson of Energy for a Secure Future, an initiative of Canada's natural gas value chain. Previously she held the position of Vice President of Government Relations and Indigenous Affairs at the Canadian Association of Petroleum Producers (CAPP). Ms. Joseph is a sustainable development and public affairs professional, bringing over 15 years of diversified non-profit and private sector experience in strategy development, federal, provincial and international government relations, and Indigenous relations related to Canada's energy sector and municipalities. She led work related to federal policies, as an advocate for Canada's upstream oil and natural gas industry, in support of initiatives focused on addressing climate change. A member of the Order of Engineers of Quebec, Ms. Joseph holds a Bachelor of Engineering degree from McGill University and Master of Applied Science in Civil Engineering from the University of Toronto. Ms. Joseph has served on the Boards of Directors of the Canadian Environmental Grantmakers Network (now Environmental Funders Canada) and the Energy Council of Canada and was a member of the Advisory Council for the University of Ottawa's Positive Energy initiative. Annonce • Jan 16
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend, Payable on February 15, 2024 Tamarack Valley Energy Ltd.'s Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on February 15, 2024, to shareholders of record at the close of business on January 31, 2024. Annonce • Dec 09
Tamarack Valley Energy Ltd. to Report Q4, 2023 Results on Feb 29, 2024 Tamarack Valley Energy Ltd. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 29, 2024 Annonce • Nov 17
Tamarack Valley Energy Ltd. Announces Declaration of Monthly Dividend, Payable on December 15, 2023 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on December 15, 2023, to shareholders of record at the close of business on November 30, 2023. Annonce • Nov 04
An unknown private operator completed the acquisition of non-core west central Alberta assets of Tamarack Valley Energy Ltd. (TSX:TVE). An unknown private operator entered into a definitive agreement to acquire non-core west central Alberta assets of Tamarack Valley Energy Ltd. (TSX:TVE) for approximately CAD 120 million on October 19, 2023. Tamarack is selling the assets for cash consideration of CAD 123 million, plus the assumption of CAD 38.4 million and CAD 80.6 million gross operated inactive and active ARO respectively. Kevin Johnston will join the Tamarack finance team. The transaction is subject to customary closing considerations and is expected to occur on or about November 3, 2023. National Bank Financial Inc. and RBC Capital Markets acted as financial advisors to Tamarack. Stikeman Elliott LLP acted as legal counsel to Tamarack.
An unknown private operator completed the acquisition of non-core west central Alberta assets of Tamarack Valley Energy Ltd. (TSX:TVE) on November 3, 2023. Annonce • Oct 28
Tamarack Valley Energy Ltd. Provides Production Guidance for the Year 2023 Tamarack Valley Energy Ltd. provided production guidance for the year 2023. For the year, the company expects 2023 annual production guidance range has been updated to 65,500 to 69,500 boe/d from 67,000 to 71,000 boe/d pervious guidance. Annonce • Oct 20
An unknown private operator entered into a definitive agreement to acquire non-core west central Alberta assets of Tamarack Valley Energy Ltd. (TSX:TVE) for approximately CAD 120 million. An unknown private operator entered into a definitive agreement to acquire non-core west central Alberta assets of Tamarack Valley Energy Ltd. (TSX:TVE) for approximately CAD 120 million on October 19, 2023. Tamarack is selling the assets for cash consideration of CAD 123 million, plus the assumption of $38.4 million and $80.6 million gross operated inactive and active ARO respectively. Kevin Johnston will join the Tamarack finance team. The transaction is subject to customary closing considerations and is expected to occur on or about November 3, 2023. National Bank Financial Inc. and RBC Capital Markets acted as financial advisors to Tamarack. Stikeman Elliott LLP acted as legal counsel to Tamarack. Annonce • Oct 18
Tamarack Valley Energy Announces Declaration of Monthly Dividend, Payable on November 15, 2023 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on November 15, 2023, to shareholders of record at the close of business on October 31, 2023. Annonce • Sep 21
Tamarack Valley Energy Ltd. Announces Monthly Dividend, Payable on October 13, 2023 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on October 13, 2023, to shareholders of record at the close of business on September 29, 2023. Annonce • Aug 17
Tamarack Valley Energy Ltd. Announces Monthly Dividend, Payable on September 15, 2023 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on September 15, 2023, to shareholders of record at the close of business on August 31, 2023. Annonce • Jul 29
Tamarack Valley Energy Ltd. Provides Production Guidance for the Year 2023 Tamarack Valley Energy Ltd. provided production guidance for the year 2023. For the year, Tamarack is maintaining prior 2023 production guidance of 67,000 to 71,000 boe/d which was outlined in May 2023. Annonce • Jul 28
Tamarack Valley Energy Ltd. (TSX:TVE) acquired Infrastructure Assets in Clearwater Oil CGU for CAD 11 million Tamarack Valley Energy Ltd. (TSX:TVE) acquired Infrastructure Assets in Clearwater Oil CGU for CAD 11 million on May 31, 2023.
Tamarack Valley Energy Ltd. (TSX:TVE) completed the acquisition of Infrastructure Assets in Clearwater Oil CGU on May 31, 2023. Annonce • Jul 23
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend on its Common Shares, Payable on August 15, 2023 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the company's dividend policy. The dividend will be payable on August 15, 2023, to shareholders of record at the close of business on July 31, 2023. Annonce • Jun 21
Tamarack Valley Energy Announces Declaration of Monthly Dividend, Payable on July 14, 2023 Tamarack Valley Energy Ltd. to announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on July 14, 2023, to shareholders of record at the close of business on June 30, 2023. Annonce • May 12
An unknown buyer acquired Certain Non-core Natural Gas Assets of Tamarack Valley Energy Ltd. for CAD 2.3 million. An unknown buyer acquired Certain Non-core Natural Gas Assets of Tamarack Valley Energy Ltd. for CAD 2.3 million in the first quarter 2023.An unknown buyer completed the acquisition of Certain Non-core Natural Gas Assets of Tamarack Valley Energy Ltd. in the first quarter 2023. Annonce • May 11
Tamarack Valley Energy Ltd. Provides Production Guidance for the Year 2023 Tamarack Valley Energy Ltd. provided production guidance for the year 2023. For the year, the company expects 2023 annual production guidance range has been updated to 67,000 to 71,000 boe/d accounting for the disposition and the unplanned production downtime during the first quarter. Annonce • Feb 17
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend, Payable on March 15, 2023 Tamarack Valley Energy Ltd. announce that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on March 15, 2023, to shareholders of record at the close of business on February 28, 2023. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Jan 17
Tamarack Valley Energy Ltd. Announces Declaration of Monthly Dividend, Payable on February 15, 2023 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on February 15, 2023, to shareholders of record at the close of business on January 31, 2023. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Sep 16
Tamarack Valley Energy Ltd. Declares Monthly Cash Dividend, Payable on October 14, 2022 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0100 per share in accordance with the Company's dividend policy. The dividend will be payable on October 14, 2022, to shareholders of record at the close of business on September 30, 2022. Annonce • Aug 16
Tamarack Valley Energy Announces Declaration of Monthly Dividend, Payable on September 15, 2022 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0100 per share in accordance with the Company's dividend policy. The dividend will be payable on September 15, 2022, to shareholders of record at the close of business on August 31, 2022. Annonce • Jul 30
Tamarack Valley Energy Ltd. Provides Production Guidance for the Second Half of 2022 Tamarack Valley Energy Ltd. provided production guidance for the second half of 2022. For the period, the company expects production to average 44,500 to 46,500 BOE a day. Annonce • Jul 29
Unknown buyer acquired certain assets in the Viking from Tamarack Valley Energy Ltd. (TSX:TVE) for CAD 70 million. Unknown buyer acquired certain assets in the Viking from Tamarack Valley Energy Ltd. (TSX:TVE) for CAD 70 million on July 21, 2022.
Unknown buyer acquired certain assets in the Viking from Tamarack Valley Energy Ltd. (TSX:TVE) on July 21, 2022. Annonce • Jul 16
Tamarack Valley Energy Ltd. Announces Declaration of Monthly Dividend, Payable on August 15, 2022 Tamarack Valley Energy Ltd. announceD that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0100 per share in accordance with the Company's dividend policy. The dividend will be payable on August 15, 2022, to shareholders of record at the close of business on July 29, 2022. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Jul 11
Tamarack Valley Energy Ltd. to Report Q2, 2022 Results on Jul 28, 2022 Tamarack Valley Energy Ltd. announced that they will report Q2, 2022 results After-Market on Jul 28, 2022 Annonce • Jun 16
Tamarack Valley Energy Ltd. Announces Declaration of Monthly Dividend, Payable on July 15, 2022 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0100 per share in accordance with the Company's dividend policy. The dividend will be payable on July 15, 2022, to shareholders of record at the close of business on June 30, 2022. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Jun 11
Tamarack Valley Energy Ltd. (TSX:TVE) acquired Rolling Hills Energy Ltd. Tamarack Valley Energy Ltd. (TSX:TVE) entered into a definitive agreement to acquire Rolling Hills Energy Ltd. for CAD 94.1 million on April 21, 2022. The consideration consists of CAD 46.5 million in cash, subject to adjustment and the issuance of 9,276,623 common shares of Tamarack at a deemed price of CAD 5.0126 per Tamarack Share. Tamarack has also entered into additional agreements to further consolidate its Clearwater position through the addition of undeveloped lands in the Peavine area. The purchase price implies a 1.5x annualized operating netback multiple with a free funds flow yield in excess of 30%. Assets acquired in this transaction will be included in the Clearwater oil CGU. The transaction is subject to certain customary conditions and regulatory and other approvals, including the approval of the Toronto Stock Exchange and the Commissioner of Competition pursuant to the Competition Act (Canada), the TSX shall have conditionally approved for listing all of the Tamarack Shares issuable to the Rolling Hills Shareholders pursuant to the Arrangement, subject to approval of offer by Rolling Hills Energy’s shareholders and is expected to close on or about June 10, 2022. The transaction is accretive on a per share basis to forecast 2023 adjusted funds flow by 5% and free funds flow by 7% at strip pricing, while maintaining a resilient sustaining funds flow breakeven, including the base dividend of approximately CAD 35 per barrel WTI long term. Peters & Co. Limited and RBC Capital Markets are acting as financial advisors to Tamarack and Stikeman Elliott LLP is acting as legal counsel. National Bank Financial Inc. is acting as financial advisor to Rolling Hills and Burnet, Duckworth & Palmer LLP is acting as legal counsel.
As of May 10, 2022, the Rolling Hills Board has unanimously approved the transaction and has recommend that Rolling Hills Shareholders vote in favor of the Arrangement Resolution.
Tamarack Valley Energy Ltd. (TSX:TVE) completed the acquisition of Rolling Hills Energy Ltd. on June 10, 2022. Annonce • May 18
Tamarack Valley Energy Ltd. Declares Monthly Dividend, Payable on June 15, 2022 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0083 per share in accordance with the Company's dividend policy. The dividend will be payable on June 15, 2022, to shareholders of record at the close of business on May 31, 2022. Annonce • May 04
Tamarack Valley Energy Ltd. Revises Production Guidance for the Year 2022 Tamarack Valley Energy Ltd. revised production guidance for the year 2022. For the year, the company now expects Annual Average Production to a range of 46,200 boe/d to 47,200 boe/d against previous guidance of 45,000 boe/d to 46,000 boe/d. Annonce • Apr 15
Tamarack Valley Energy Declares Monthly Dividend Payable on May 13, 2022 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0083 per share in accordance with the Company's dividend policy. The dividend will be payable on May 13, 2022, to shareholders of record at the close of business on April 29, 2022. Annonce • Mar 06
Tamarack Valley Energy Ltd. Provides Operating Guidance for the Year 2022 Tamarack Valley Energy Ltd. provided operating guidance for the year 2022. The company remains unchanged as it targets production of 45,000 to 46,000 boe/d. Annonce • Feb 17
Tamarack Valley Energy Ltd. (TSX:TVE) completed the acquisition of Crestwynd Exploration Ltd. for approximately CAD 180 million. Tamarack Valley Energy Ltd. (TSX:TVE) has entered into a definitive agreement to acquire Crestwynd Exploration Ltd. for approximately CAD 180 million on December 15, 2021. The consideration consists of CAD 92.6 million in cash, subject to adjustment and the issuance of 26.3 million common shares of Tamarack. In conjunction with the Acquisition, National Bank Financial as syndicate lead, has provided commitments for a separate and additional CAD 100 million credit facility. Upon termination, Crestwynd will pay CAD 10 million payable to Tamarack. The employment of all officers and employees of Crestwynd shall be terminated at the Effective Time and the officers and employees of Crestwynd shall be entitled to receive the Crestwynd Change of Control Payments. The transaction is subject to certain customary conditions and regulatory and other approvals, including the approval of the Toronto Stock Exchange and the Commissioner of Competition pursuant to the Competition Act (Canada) and is expected to close on or about February 15, 2022. The transaction is accretive on a per share basis for Tamarack.
As on February 2, 2022, Tamarack Valley announces that it has entered into an underwriting agreement to sell, on a private placement basis, $200 million aggregate principal amount of 7.25% senior unsecured sustainability-linked notes due May 10, 2027. Closing of the Offering is expected to occur on or about February 10, 2022, subject to satisfaction of customary closing conditions. Tamarack intends to use the net proceeds of the Offering to fund a portion of the purchase price for acquisition of Crestwynd Exploration Ltd. and repay amounts outstanding under Tamarack's sustainability linked credit facility. The Notes will eliminate the requirement for the previously announced separate and additional $100 million credit facility from the existing syndicate.
Peters & Co. Limited and RBC Capital Markets are acting as financial advisors to Tamarack with respect to the Acquisition. CIBC Capital Markets and Stifel FirstEnergy are acting as strategic advisors to Tamarack with respect to the Acquisition. Stikeman Elliott LLP is acting as legal counsel to Tamarack with respect to the Acquisition and the SLL Facility. National Bank Financial Inc. is acting as exclusive financial advisor to Crestwynd. Burnet, Duckworth & Palmer LLP is acting as legal counsel to Crestwynd. Nicholas J. Johnson, Nathan M. Trainor, Mark C. Pearson, Kory Cross, Omid Eslami of Stifel FirstEnergy acted as a financial advisor to Tamarack Valley Energy Ltd.
Tamarack Valley Energy Ltd. (TSX:TVE) completed the acquisition of Crestwynd Exploration Ltd. on February 15, 2022. Annonce • Feb 15
Tamarack Valley Energy Announces Declaration of Monthly Dividend, Payable on March 15, 2022 Tamarack Valley Energy Ltd. announced that the Board of Directors has declared a monthly cash dividend on its common shares of CAD 0.0083 per share in accordance with the Company's dividend policy. The dividend will be payable on March 15, 2022, to shareholders of record at the close of business on February 28, 2022. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Annonce • Feb 11
Tamarack Valley Energy Ltd. announced that it has received CAD 200 million in funding On February 10, 2022, Tamarack Valley Energy Ltd. closed the transaction.