TSX:TVE

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Tamarack Valley Energy

Executive Summary

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Tamarack Valley Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TVE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.6%

TVE

1.2%

CA Oil and Gas

2.7%

CA Market


1 Year Return

-65.6%

TVE

-28.5%

CA Oil and Gas

-11.5%

CA Market

Return vs Industry: TVE underperformed the Canadian Oil and Gas industry which returned -28.3% over the past year.

Return vs Market: TVE underperformed the Canadian Market which returned -11% over the past year.


Shareholder returns

TVEIndustryMarket
7 Day-7.6%1.2%2.7%
30 Day-8.8%-0.2%1.6%
90 Day-43.4%-21.5%-8.4%
1 Year-65.6%-65.6%-24.7%-28.5%-8.5%-11.5%
3 Year-67.6%-67.6%-28.5%-36.9%-0.5%-9.8%
5 Year-80.8%-80.8%-32.7%-43.8%14.6%-2.4%

Price Volatility Vs. Market

How volatile is Tamarack Valley Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tamarack Valley Energy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TVE (CA$0.73) is trading below our estimate of fair value (CA$3.32)

Significantly Below Fair Value: TVE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TVE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: TVE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TVE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TVE is good value based on its PB Ratio (0.3x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Tamarack Valley Energy forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

96.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TVE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TVE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TVE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TVE's revenue (2.4% per year) is forecast to grow slower than the Canadian market (5.7% per year).

High Growth Revenue: TVE's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TVE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tamarack Valley Energy performed over the past 5 years?

-8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TVE is currently unprofitable.

Growing Profit Margin: TVE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TVE is unprofitable, and losses have increased over the past 5 years at a rate of -8.6% per year.

Accelerating Growth: Unable to compare TVE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TVE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.2%).


Return on Equity

High ROE: TVE has a negative Return on Equity (-54.88%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tamarack Valley Energy's financial position?


Financial Position Analysis

Short Term Liabilities: TVE's short term assets (CA$85.3M) exceed its short term liabilities (CA$57.0M).

Long Term Liabilities: TVE's short term assets (CA$85.3M) do not cover its long term liabilities (CA$406.8M).


Debt to Equity History and Analysis

Debt Level: TVE's debt to equity ratio (40.3%) is considered high.

Reducing Debt: TVE's debt to equity ratio has increased from 37.2% to 40.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TVE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TVE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.2% per year.


Next Steps

Dividend

What is Tamarack Valley Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TVE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TVE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TVE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TVE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.7yrs

Average management tenure


CEO

Aakaikkitstaki Schmidt (61yo)

9.92yrs

Tenure

CA$2,707,624

Compensation

Mr. Brian Leslie Schmidt, also known as Aakaikkitstaki, has been the Chief Executive Officer and President of Tamarack Valley Energy Ltd since June 2010. Mr. Schmidt serves as the Chief Executive Officer o ...


CEO Compensation Analysis

Compensation vs Market: Aakaikkitstaki's total compensation ($USD1.96M) is above average for companies of similar size in the Canadian market ($USD158.18K).

Compensation vs Earnings: Aakaikkitstaki's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Schmidt
President9.92yrsCA$2.71m0.55% CA$985.4k
Kevin Screen
Vice President of Production & Operations8.67yrsCA$1.49m0.21% CA$376.5k
Scott Reimond
Vice President of Exploration9.58yrsCA$1.26m0.16% CA$284.4k
Ken Cruikshank
Vice President of Land9.92yrsCA$1.29m0.12% CA$219.6k
David Christensen
Vice President of Engineering6.08yrsCA$1.40m0.14% CA$242.3k
Steve Buytels
VP of Finance & CFO0.17yrno data0.20% CA$357.0k
Derek Blizzard
Director of Accounting & IT0.17yrno datano data
Sanjib Gill
Corporate Secretaryno datano datano data
Martin Malek
Vice Presidentno datano data0.061% CA$109.0k

8.7yrs

Average Tenure

Experienced Management: TVE's management team is seasoned and experienced (8.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Schmidt
President9.92yrsCA$2.71m0.55% CA$985.4k
John Leach
Independent Director3.33yrsCA$147.19k0.014% CA$24.3k
Floyd Price
Independent Chairmanno dataCA$190.07k0.055% CA$97.5k
Jeffrey Boyce
Independent Director6.58yrsCA$147.19k0.62% CA$1.1m
Ian Currie
Independent Director3.17yrsCA$145.96k0.28% CA$507.1k
Robert Spitzer
Independent Director2.92yrsCA$144.70k0.039% CA$69.1k
Marnie Smith
Independent Director0.083yrno datano data

3.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: TVE's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TVE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tamarack Valley Energy Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tamarack Valley Energy Ltd
  • Ticker: TVE
  • Exchange: TSX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$178.033m
  • Shares outstanding: 219.79m
  • Website: https://www.tamarackvalley.ca

Number of Employees


Location

  • Tamarack Valley Energy Ltd
  • East Tower
  • Suite 600
  • Calgary
  • Alberta
  • T2P 3L8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TVETSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 2002
9TA1DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2002
TNEY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2002

Biography

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Alberta Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater in Alberta, as well as in the Veteran, Consort, and Esther area of southeast Alberta and North Hoosier, Milton, and Coleville area of southwest Saskatchewan; Barons and Banff light oil plays located in the Penny area of Southern Alberta; and heavy oil properties. 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. is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 03:05
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.