Tamarack Valley upgraded to Outperform from Market Perform at BMO Capital

BMO Capital upgraded Tamarack Valley Energy to Outperform from Market Perform with an unchanged price target of C$4.50. Tamarack has been one of the most acquisitive exploration and production companies over the last few years, the analyst tells investors in a research note. The firm says repositioning into the Charlie Lake and Clearwater “has materially improved” the company’s inventory duration and go-forward profitability. As Tamarack continues to monetize infrastructure and show improvements in operational efficiencies, investor interest should increase, contends BMO.