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.
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.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
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.
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
2 weeks ago | Simply Wall StUpgrade: Analysts Just Made A Disastrous Increase To Their Tamarack Valley Energy Ltd (TSE:TVE) Forecasts
4 weeks ago | Simply Wall StShould You Take Comfort From Insider Transactions At Tamarack Valley Energy Ltd (TSE:TVE)?
2 months ago | Simply Wall StTamarack Valley Energy Ltd (TSE:TVE) Analysts Just Cut Their EPS Forecasts
Is Tamarack Valley Energy undervalued compared to its fair value and its price relative to the market?
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).
How is Tamarack Valley Energy forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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
How has Tamarack Valley Energy performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Aakaikkitstaki Schmidt (61yo)
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.
|Vice President of Production & Operations||8.67yrs||CA$1.49m||0.21% CA$376.5k|
|Vice President of Exploration||9.58yrs||CA$1.26m||0.16% CA$284.4k|
|Vice President of Land||9.92yrs||CA$1.29m||0.12% CA$219.6k|
|Vice President of Engineering||6.08yrs||CA$1.40m||0.14% CA$242.3k|
|VP of Finance & CFO||0.17yr||no data||0.20% CA$357.0k|
|Director of Accounting & IT||0.17yr||no data||no data|
|Corporate Secretary||no data||no data||no data|
|Vice President||no data||no data||0.061% CA$109.0k|
Experienced Management: TVE's management team is seasoned and experienced (8.7 years average tenure).
|Independent Director||3.33yrs||CA$147.19k||0.014% CA$24.3k|
|Independent Chairman||no data||CA$190.07k||0.055% CA$97.5k|
|Independent Director||6.58yrs||CA$147.19k||0.62% CA$1.1m|
|Independent Director||3.17yrs||CA$145.96k||0.28% CA$507.1k|
|Independent Director||2.92yrs||CA$144.70k||0.039% CA$69.1k|
|Independent Director||0.083yr||no data||no data|
Experienced Board: TVE's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tamarack Valley Energy Ltd's company bio, employee growth, exchange listings and data sources
- Name: Tamarack Valley Energy Ltd
- Ticker: TVE
- Exchange: TSX
- 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
- Tamarack Valley Energy Ltd
- East Tower
- Suite 600
- T2P 3L8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TVE||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jun 2002|
|9TA1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2002|
|TNEY.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 2002|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 03:05|
|End of Day Share Price||2020/05/29 00:00|
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.