09:45 AM EST - Tamarack Valley Energy Ltd. : Announces its 2025 capital and operating budget. Budgeted capital of $430MM – $450MM expected to deliver annual production of 65,000 – 67,000 boe/d, representing annual growth of ~4% on a mid-point basis, and achieving ~6% growth on an exit-to-exit basis. Tamarack targets allocating 60% of 2025 free funds flow to shareholders through a sustainable dividend and share buybacks, while balancing continued debt repayment. At US$70/bbl WTI the 2025 budget is expected to deliver ~$300MM of free funds flow representing a potential total shareholder return of ~16%. Tamarack Valley Energy Ltd.
shares T.TVE are trading up $0.13 at $4.61.
