Tamarack Valley Energy Ltd (TSE:TVE)
TSX:TVE
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Tamarack Valley Energy
(TSX:TVE)
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Rating:60Neutral
Price Target:
C$14.00
▲(28.21% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong cash generation and manageable leverage, which support financial resilience. This is tempered by weaker profitability (net losses and negative ROE) and a very high P/E that leaves little margin for error, while technicals add modest support due to an established uptrend with balanced momentum.
Positive Factors
Strong cash generation
Consistent, sizable operating cash flow and positive free cash flow give the company durable internal funding for capex, debt servicing, and opportunistic acquisitions. This cash-generation base reduces reliance on external financing across commodity cycles and supports strategic flexibility.
Negative Factors
Negative profitability / ROE
Persistent net losses and negative ROE weaken the company's ability to generate returns on shareholder capital, constrain retained earnings, and can limit long-term reinvestment or dividend increases. Enduring losses raise questions about earnings resilience if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent, sizable operating cash flow and positive free cash flow give the company durable internal funding for capex, debt servicing, and opportunistic acquisitions. This cash-generation base reduces reliance on external financing across commodity cycles and supports strategic flexibility.
Read all positive factors
Tamarack Valley Energy (TVE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.44B
Dividend Yield1.91%
Average Volume (3M)1.57M
Price to Earnings (P/E)246.5
Beta (1Y)0.68
Revenue Growth-5.38%
EPS Growth-139.64%
CountryCA
Employees110
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.19
Shares Outstanding482,706,820
10 Day Avg. Volume2,067,914
30 Day Avg. Volume1,569,273
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)2.19
Price to Sales (P/S)2.97
P/FCF Ratio10.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.00Price Target Upside9.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)1.05
Revenue Forecast (FY)C$1.76B
Tamarack Valley Energy Business Overview & Revenue Model
Company Description
Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in the Clearwater assets covering an area of approximate...
How the Company Makes Money
TVE primarily makes money by producing and selling crude oil, natural gas, and associated natural gas liquids (NGLs). Revenue is generated when produced volumes are sold at prevailing market prices (often benchmarked to indices such as WTI for oil...
Tamarack Valley Energy Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements, including record production, successful debt reduction, and strategic acquisitions that enhance Tamarack Valley's position. Despite challenges such as oil price volatility and temporary production reductions, the overall sentiment is positive due to strong operational and financial performance.Positive Updates
Record-Breaking Production
Tamarack Valley Energy set a new corporate production record, averaging 70,260 BOEs per day in Q2 2025, with a peak of over 74,300 BOE per day in April.
Negative Updates
Impact of Oil Price Volatility
Despite performance improvements, Tamarack Valley faced an 8% drop in WTI oil prices, affecting financial results.
Read all updates
Q2-2025 Updates
Positive
Negative
Record-Breaking Production
Tamarack Valley Energy set a new corporate production record, averaging 70,260 BOEs per day in Q2 2025, with a peak of over 74,300 BOE per day in April.
Read all positive updates
Company Guidance
During the Tamarack Valley Energy Limited Q2 2025 conference call, the company announced numerous positive updates in its guidance metrics. Tamarack achieved a new corporate production record, averaging 70,260 BOE per day in Q2, with April production reaching over 74,300 BOE per day. The company's Q2 debt-adjusted production per share increased by 24% year-over-year, reflecting the compounding impact of share buybacks and organic growth. Tamarack revised its 2025 production guidance upward by 3% and reduced capital spending by 7%, indicating enhanced operational efficiency and cost improvements. The company also reported a year-on-year net debt reduction of 19% to $711 million. A strategic $51.5 million Clearwater tuck-in acquisition was completed, adding 1,100 barrels per day of heavy oil production and increasing Clearwater land holdings by 17%. Tamarack's waterflood program continues to demonstrate success, with the Clearwater growing 16% year-over-year and water injection rates reaching 20,000 barrels per day, aiming for over 30,000 barrels per day by year-end. Financially, Tamarack generated Q2 adjusted funds flow of $197 million ($0.39 per share) and free funds flow of $133 million ($0.26 per share), with share repurchases totaling 10.1 million shares year-to-date. The company's 2025 production guidance range was increased to 67,000 to 69,000 BOE per day, with capital guidance reduced to $400 million to $420 million, reflecting a 7% decrease.Tamarack Valley Energy Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.44B | 1.35B | 1.74B | 1.41B | 1.46B | 701.05M |
| Gross Profit | 560.02M | 498.57M | 584.17M | 418.26M | 615.12M | 268.63M |
| EBITDA | 596.84M | 970.71M | 893.54M | 884.22M | 878.64M | 758.48M |
| Net Income | -94.96M | -36.35M | 162.22M | 94.20M | 345.20M | 390.51M |
Balance Sheet | ||||||
| Total Assets | 3.42B | 3.36B | 3.99B | 4.21B | 4.62B | 2.33B |
| Cash, Cash Equivalents and Short-Term Investments | 12.24M | 5.44M | 7.39M | 2.22M | -75.84M | -10.53M |
| Total Debt | 663.62M | 680.65M | 771.89M | 839.10M | 1.22B | 487.97M |
| Total Liabilities | 1.65B | 1.54B | 1.87B | 2.03B | 2.46B | 1.07B |
| Stockholders Equity | 1.76B | 1.83B | 2.12B | 2.17B | 2.16B | 1.26B |
Cash Flow | ||||||
| Free Cash Flow | 413.94M | 378.88M | 380.56M | 115.17M | -606.52M | -349.52M |
| Operating Cash Flow | 774.68M | 778.90M | 833.21M | 631.63M | 805.38M | 297.89M |
| Investing Cash Flow | -348.38M | -403.73M | -453.38M | -378.02M | -1.27B | -581.06M |
| Financing Cash Flow | -422.02M | -377.11M | -374.66M | -253.61M | 465.18M | 283.17M |
Tamarack Valley Energy Technical Analysis
Positive
10.92
Price Trends
11.55
Positive
10.23
Positive
8.25
Positive
Market Momentum
0.39
Negative
68.51
Neutral
81.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TVE, the sentiment is Positive. The current price of 10.92 is below the 20-day moving average (MA) of 12.37, below the 50-day MA of 11.55, and above the 200-day MA of 8.25, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 68.51 is Neutral, neither overbought nor oversold. The STOCH value of 81.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TVE.
Tamarack Valley Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$5.49B | 8.13 | 16.78% | 5.77% | 29.94% | 57.11% | |
73 Outperform | C$5.95B | 29.25 | 12.23% | ― | -4.92% | -52.64% | |
66 Neutral | C$5.25B | -17.26 | -23.11% | 2.07% | -8.89% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | C$4.65B | 20.16 | 1.96% | 2.84% | -49.03% | -96.56% | |
60 Neutral | C$6.44B | 246.51 | -5.03% | 1.91% | -5.38% | -139.64% |
* Energy Sector Average
TSE:TVE
Tamarack Valley Energy
13.42
9.10
210.94%
TSE:BTE
Baytex Energy
7.32
5.10
229.14%
TSE:ATH
Athabasca Oil
12.68
7.40
140.15%
TSE:POU
Paramount Resources
33.23
14.54
77.76%
TSE:PEY
Peyto Exploration & Dev
27.34
9.24
51.06%
Tamarack Valley Energy Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Tamarack Valley Energy Posts Strong 2025 Results as Clearwater Growth, Waterflood Gains Drive Lower Costs
Positive
Feb 25, 2026
Tamarack Valley Energy reported strong fourth-quarter and full-year 2025 results, highlighted by higher production, lower operating costs and robust free funds flow despite weaker WTI prices. The company’s Clearwater assets drove a 16% year-...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.