Tamarack Valley Energy Ltd. Reports Record Q1 Oil Production and Announces 2025 Investor Day
CALGARY, AB, May 7, 2025 — Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) (TSX: TVE) has announced its financial and operating results for the first quarter of 2025, marking a significant milestone with record quarterly oil production. This achievement is primarily attributed to the success of the Clearwater Waterflood project, which has significantly boosted the company’s output.
In a series of announcements across multiple platforms, including Seeking Alpha, Newswire.ca, CEO.ca, BoreReport.com, Finanzen.net, and AllPennystocks.com, Tamarack highlighted its impressive performance. The company reported an adjusted funds flow (“AFF”) of $226 million or $0.44 per share for Q1 2025, representing a 33% year-over-year increase. When accounting for capital spending, Tamarack generated a free funds flow (“FFF”) of $91 million or $0.18 per share, a remarkable 100% increase per share compared to Q1 2024.
The success of the Clearwater Waterflood project has been a game-changer for Tamarack, driving the company to achieve its highest quarterly oil production to date. This operational triumph underscores Tamarack’s strategic focus on enhancing recovery rates and optimizing production from its cardium light oil properties in Alberta.
Looking ahead, Tamarack has announced its 2025 Investor Day, providing stakeholders with an opportunity to gain deeper insights into the company’s strategic direction and future prospects. Despite the record production, Tamarack’s guidance for the full year remains unchanged, with the company targeting average production of 65,000 to 67,000 barrels of oil equivalent per day (boe/d). Management anticipates production will trend towards the higher end of this range, reflecting confidence in the company’s operational capabilities and growth trajectory.
With a market capitalization of $1.82 billion CAD and a price-to-earnings ratio of 12.01, Tamarack Valley Energy continues to position itself as a formidable player in the oil and gas sector. The company’s focus on leveraging advanced recovery techniques and maintaining robust financial health positions it well for sustained growth in the competitive energy landscape.
As Tamarack prepares for its Investor Day, stakeholders and industry observers will be keenly watching for further developments and strategic initiatives that could shape the company’s future in the western Canadian sedimentary basin.