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Tamarack Valley: A Safe Dividend And More

Nov. 01, 2021 7:07 AM ETTamarack Valley Energy Ltd. (TNEYF), TVE:CA6 Comments
Hervé Blandin profile picture
Hervé Blandin


  • The Canadian oil and gas producer doubled its production volume thanks to several acquisitions since last year.
  • At current commodity prices, the company will be generating strong free cash flow to quickly deleverage.
  • It initiated a dividend that remains sustainable at low oil prices, and shareholders' returns are poised to significantly grow in 2022.
Working Pumpjacks On Sunset

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Given the strong recovery in oil and gas prices over the last several months, Tamarack Valley Energy (OTCPK:TNEYF) initiated a monthly dividend that corresponds to a dividend yield of 2.77% as of this writing.

Interestingly, if commodity prices remain at current

This article was written by

Hervé Blandin profile picture
I leverage my 15-year career as an IT engineer to write mostly about tech stocks with a long-term perspective.Disclaimer: Anything I write isn't investment advice and will for sure contain errors and inaccuracies. Any investment decision you make should be based solely on your own research and judgment.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CPG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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