Tamarack Valley Energy

Tamarack Valley and Headwater agree to an all‑share transaction valued at C$10 billion; Headwater shareholders will receive one Tamarack share for each Headwater share. The combined company will be the largest publicly traded producer focused on the Clearwater formation, with Tamarack shareholders holding 66.5% and Headwater shareholders 33.5%. Tamarack is raising the quarterly dividend by 20% to C$0.06 and is increasing its five‑year growth guidance in the Clearwater area to 10–12%; closing is expected in the fourth quarter. Steve Buytels will become CEO on January 1, 2027, and Brian Schmidt will move to the role of Executive Chairman. » Mere på de.investing.com

Tamarack Valley Energy sold Charlie Lake assets for CAD 804m, eliminating its debt and holding CAD 133m in cash. The company is now focused on the Clearwater project, producing about 55,000 barrels/day and targeting 70,000 barrels/day by year-end through water injection. Management cites an unhedged break-even of CAD 38/barrel, field costs of roughly CAD 7/barrel, a recycle ratio of 6.6 and an enterprise value of CAD 6.4bn. Tamarack has repurchased 15% of its shares since 2023 and plans a disciplined five-year capital budget of CAD 400–450m to fund further growth. » Mere på de.investing.com

Tamarack Valley Energy generated free cash flow of CAD 390 million in 2025, representing a 10% increase in free cash flow per share versus the prior year. In Q4 2025 revenues were CAD 365.03 million; capital expenditures fell to CAD 400 million and net operating costs declined 17% to CAD 7.43 per BOE. The company returned about 19% to shareholders through buybacks, dividends and debt repayment, announced further buybacks for any additional free cash flow and expects net operating costs of roughly CAD 7.00 per BOE for 2026; the stock fell 1.34% in premarket trading. » Mere på de.investing.com