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Tamarack Valley Energy

DB:9TA1
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9TA1
DB
CA$136M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Tamarack Valley Energy has significant price volatility in the past 3 months.
9TA1 Share Price and Events
7 Day Returns
25.6%
DB:9TA1
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-81%
DB:9TA1
34.4%
DE Oil and Gas
-14.2%
DE Market
9TA1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tamarack Valley Energy (9TA1) 25.6% -57.7% -77.4% -81% -83.8% -90%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 9TA1 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 9TA1 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
9TA1
Industry
5yr Volatility vs Market

Value

 Is Tamarack Valley Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tamarack Valley Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tamarack Valley Energy.

DB:9TA1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:9TA1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 26.5%) (153.38%))
1.716
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.72
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.716 * 5.44%)
8.94%

Discounted Cash Flow Calculation for DB:9TA1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tamarack Valley Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:9TA1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.94%)
2020 27.83 Analyst x6 25.55
2021 11.14 Analyst x7 9.39
2022 4.98 Est @ -55.3% 3.85
2023 3.05 Est @ -38.83% 2.16
2024 2.21 Est @ -27.3% 1.44
2025 1.79 Est @ -19.23% 1.07
2026 1.55 Est @ -13.58% 0.85
2027 1.40 Est @ -9.62% 0.70
2028 1.30 Est @ -6.85% 0.60
2029 1.24 Est @ -4.91% 0.53
Present value of next 10 years cash flows CA$46.00
DB:9TA1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$1.24 × (1 + -0.39%) ÷ (8.94% – -0.39%)
CA$13.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$13.21 ÷ (1 + 8.94%)10
CA$5.61
DB:9TA1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$46.00 + CA$5.61
CA$51.61
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$51.61 / 222.30
CA$0.23
DB:9TA1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9TA1 represents 0.54754x of TSX:TVE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54754x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.23 x 0.54754
€0.13
Value per share (EUR) From above. €0.13
Current discount Discount to share price of €0.33
= -1 x (€0.33 - €0.13) / €0.13
-162.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tamarack Valley Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tamarack Valley Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tamarack Valley Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9TA1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.17
TSX:TVE Share Price ** TSX (2020-04-08) in CAD CA$0.61
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tamarack Valley Energy.

DB:9TA1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TVE Share Price ÷ EPS (both in CAD)

= 0.61 ÷ -0.17

-3.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tamarack Valley Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Tamarack Valley Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Tamarack Valley Energy's expected growth come at a high price?
Raw Data
DB:9TA1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
112.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tamarack Valley Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tamarack Valley Energy's assets?
Raw Data
DB:9TA1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$3.47
TSX:TVE Share Price * TSX (2020-04-08) in CAD CA$0.61
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:9TA1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TVE Share Price ÷ Book Value per Share (both in CAD)

= 0.61 ÷ 3.47

0.18x

* Primary Listing of Tamarack Valley Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tamarack Valley Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Tamarack Valley Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Tamarack Valley Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tamarack Valley Energy expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
112.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tamarack Valley Energy expected to grow at an attractive rate?
  • Tamarack Valley Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Tamarack Valley Energy's earnings growth is expected to exceed the Germany market average.
  • Tamarack Valley Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9TA1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9TA1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 112.7%
DB:9TA1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:9TA1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9TA1 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 230
2022-12-31 183
2021-12-31 294 147 6 5
2020-12-31 257 137 -14 6
2020-04-08
DB:9TA1 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 344 205 -39
2019-09-30 323 200 30
2019-06-30 350 220 44
2019-03-31 357 224 30
2018-12-31 360 237 38
2018-09-30 374 238 7
2018-06-30 324 210 -13
2018-03-31 287 180 -13
2017-12-31 256 145 -14
2017-09-30 210 112 -10
2017-06-30 182 91 -6
2017-03-31 145 71 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tamarack Valley Energy's earnings are expected to grow significantly at over 20% yearly.
  • Tamarack Valley Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:9TA1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Tamarack Valley Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9TA1 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.20 0.20 0.20 1.00
2022-12-31 0.08 0.08 0.08 1.00
2021-12-31 -0.07 0.10 -0.19 5.00
2020-12-31 -0.09 0.10 -0.18 5.00
2020-04-08
DB:9TA1 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.17
2019-09-30 0.13
2019-06-30 0.19
2019-03-31 0.13
2018-12-31 0.17
2018-09-30 0.03
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.06
2017-09-30 -0.05
2017-06-30 -0.04
2017-03-31 -0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tamarack Valley Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tamarack Valley Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tamarack Valley Energy has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tamarack Valley Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tamarack Valley Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tamarack Valley Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Tamarack Valley Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tamarack Valley Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Tamarack Valley Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tamarack Valley Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9TA1 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 343.76 -39.01 22.25
2019-09-30 323.27 30.49 22.11
2019-06-30 349.64 43.60 22.33
2019-03-31 356.93 30.19 21.65
2018-12-31 359.56 38.31 22.26
2018-09-30 374.03 6.83 20.57
2018-06-30 324.24 -12.91 18.39
2018-03-31 287.17 -12.92 17.71
2017-12-31 255.61 -13.92 16.82
2017-09-30 209.59 -9.82 15.09
2017-06-30 181.51 -6.28 13.68
2017-03-31 145.46 -19.70 12.20
2016-12-31 106.72 -27.82 10.92
2016-09-30 95.84 -14.28 10.52
2016-06-30 91.20 -26.15 10.25
2016-03-31 90.86 -17.92 10.09
2015-12-31 95.58 -17.33 10.18
2015-09-30 99.88 -61.44 10.62
2015-06-30 105.78 -39.58 10.83
2015-03-31 110.77 -32.20 10.41
2014-12-31 109.75 -25.17 9.46
2014-09-30 100.80 24.68 8.50
2014-06-30 87.12 21.61 7.01
2014-03-31 72.95 16.31 6.23
2013-12-31 62.88 14.81 5.54
2013-09-30 52.78 1.50 4.85
2013-06-30 45.76 -2.77 4.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tamarack Valley Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tamarack Valley Energy has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tamarack Valley Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tamarack Valley Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tamarack Valley Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tamarack Valley Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tamarack Valley Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tamarack Valley Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tamarack Valley Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tamarack Valley Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tamarack Valley Energy Company Filings, last reported 3 months ago.

DB:9TA1 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 773.78 195.82
2019-09-30 826.31 198.97
2019-06-30 825.46 186.91
2019-03-31 808.66 189.43
2018-12-31 812.57 161.50
2018-09-30 793.15 168.97
2018-06-30 776.93 156.97
2018-03-31 779.56 165.75
2017-12-31 773.86 163.89
2017-09-30 783.16 162.16
2017-06-30 788.36 140.80
2017-03-31 783.69 135.48
2016-12-31 469.74 45.23
2016-09-30 475.26 48.60
2016-06-30 399.63 48.63
2016-03-31 408.78 50.06
2015-12-31 371.18 82.82
2015-09-30 364.98 94.42
2015-06-30 379.02 88.50 3.43
2015-03-31 300.32 112.95
2014-12-31 304.41 100.20 0.83
2014-09-30 342.09 100.27
2014-06-30 214.74 43.73
2014-03-31 207.81 17.49
2013-12-31 148.02 71.80
2013-09-30 89.49 50.88
2013-06-30 85.50 45.78
  • Tamarack Valley Energy's level of debt (25.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33% vs 25.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Tamarack Valley Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Tamarack Valley Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -26% per year.
X
Financial health checks
We assess Tamarack Valley Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tamarack Valley Energy has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tamarack Valley Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tamarack Valley Energy dividends. Estimated to be 0% next year.
If you bought €2,000 of Tamarack Valley Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tamarack Valley Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tamarack Valley Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:9TA1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:9TA1 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tamarack Valley Energy has not reported any payouts.
  • Unable to verify if Tamarack Valley Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tamarack Valley Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tamarack Valley Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tamarack Valley Energy's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Tamarack Valley Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tamarack Valley Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tamarack Valley Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tamarack Valley Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Aakaikkitstaki Schmidt
COMPENSATION CA$2,485,385
AGE 61
TENURE AS CEO 9.8 years
CEO Bio

Mr. Brian Leslie Schmidt, also known as Aakaikkitstaki, has been the Chief Executive Officer and President of Tamarack Valley Energy Ltd since June 2010. Mr. Schmidt serves as the Chief Executive Officer of Spearpoint Energy Corporation, LLC from June 2008 to July 2009. He is the Founder of Spearpoint Energy Corp. He served as a Regional Vice President in Canada Operations of Apache Corp. since June 2004 and President of Apache Canada Limited May 2004 to June 2007. He began his career at Shell Canada. Mr. Schmidt joined Apache Corp. in December 1999 as Production Engineering Manager following Apache's acquisition of Shell Canada's Plains Business Unit. Since 2000, he served as Reservoir Engineering Manager of Apache Corp. and also served as its Vice President of Engineering since 2001. He joined Shell Canada Ltd. and held various operations and development assignments until his 1997 promotion to development manager of the Plains Business Unit. He has been a Director of Tamarack Valley Energy Ltd since June 17, 2010. He is a member of the Board of Governors of the Canadian Association of Petroleum Producers and is the Alberta Executive Policy Group Chairman. He is a director of Aspenleaf Energy Limited, a private company and is an advisor to the Indian Oil & Gas Co-Management Board. He was President, Chief Executive Officer and a director of privately-held Tamarack Valley Energy Ltd., a predecessor entity to the Tamarack Valley Energy, from August 2009 to June 2010. Mr. Schmidt served as a Director at Avant Garde Energy Corp. from November 2007 to June 2009 and TUSK Energy Corporation from June 2007 to April 2009. He served as a Director at Polar Star Canadian Oil and Gas, Inc. since August 9, 2007. Mr. Schmidt graduated from the University of Calgary in 1981 with a Bachelor's Degree in Mechanical Engineering.

CEO Compensation
  • Aakaikkitstaki's compensation has increased whilst company is loss making.
  • Aakaikkitstaki's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Tamarack Valley Energy management team in years:

8.6
Average Tenure
  • The average tenure for the Tamarack Valley Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Aakaikkitstaki Schmidt

TITLE
President
COMPENSATION
CA$2M
AGE
61
TENURE
9.8 yrs

Kevin Screen

TITLE
Vice President of Production & Operations
COMPENSATION
CA$2M
TENURE
8.6 yrs

Scott Reimond

TITLE
Vice President of Exploration
COMPENSATION
CA$1M
TENURE
9.5 yrs

Ken Cruikshank

TITLE
Vice President of Land
COMPENSATION
CA$1M
TENURE
9.8 yrs

Dave Christensen

TITLE
Vice President of Engineering
COMPENSATION
CA$2M
TENURE
6 yrs

Steve Buytels

TITLE
VP of Finance & CFO
TENURE
0.1 yrs

Derek Blizzard

TITLE
Director of Accounting & IT
TENURE
0.1 yrs

Sony Gill

TITLE
Corporate Secretary
AGE
43

Martin Malek

TITLE
Vice President
Board of Directors Tenure

Average tenure and age of the Tamarack Valley Energy board of directors in years:

4.3
Average Tenure
65.5
Average Age
  • The tenure for the Tamarack Valley Energy board of directors is about average.
Board of Directors

Floyd Price

TITLE
Independent Chairman
COMPENSATION
CA$178K
AGE
70

Aakaikkitstaki Schmidt

TITLE
President
COMPENSATION
CA$2M
AGE
61
TENURE
9.8 yrs

John Leach

TITLE
Independent Director
COMPENSATION
CA$136K
AGE
74
TENURE
3.3 yrs

David MacKenzie

TITLE
Independent Director
COMPENSATION
CA$136K
TENURE
9.8 yrs

Noralee Bradley

TITLE
Independent Director
COMPENSATION
CA$136K
TENURE
4.3 yrs

Jeffrey Boyce

TITLE
Independent Director
COMPENSATION
CA$136K
AGE
59
TENURE
6.5 yrs

Ian Currie

TITLE
Director
COMPENSATION
CA$130K
TENURE
3.1 yrs

Robert Spitzer

TITLE
Independent Director
COMPENSATION
CA$130K
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tamarack Valley Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Buy Noralee Bradley Individual 25. Mar 20 25. Mar 20 1,000 €0.32 €322
23. Mar 20 Buy Thomas Claugus Individual 20. Mar 20 20. Mar 20 35,000 €0.38 €13,409
23. Mar 20 Buy GMT Capital Corp. Company 17. Mar 20 17. Mar 20 839,500 €0.37 €313,390
17. Mar 20 Buy Steve Buytels Individual 12. Mar 20 12. Mar 20 1,000 €0.43 €431
15. Mar 20 Buy Thomas Claugus Individual 13. Mar 20 13. Mar 20 40,500 €0.45 €18,284
15. Mar 20 Buy GMT Capital Corp. Company 13. Mar 20 13. Mar 20 959,500 €0.45 €433,166
12. Mar 20 Buy Steve Buytels Individual 09. Mar 20 11. Mar 20 200,000 €0.62 €115,113
12. Mar 20 Buy Thomas Claugus Individual 10. Mar 20 11. Mar 20 126,600 €0.59 €70,208
12. Mar 20 Buy GMT Capital Corp. Company 10. Mar 20 11. Mar 20 3,000,000 €0.59 €1,663,688
10. Mar 20 Buy Thomas Claugus Individual 06. Mar 20 06. Mar 20 32,700 €0.80 €26,278
10. Mar 20 Buy GMT Capital Corp. Company 06. Mar 20 06. Mar 20 774,100 €0.80 €622,083
27. Feb 20 Sell Thomas Claugus Individual 25. Feb 20 26. Feb 20 -25,600 €1.04 €-25,496
27. Feb 20 Sell GMT Capital Corp. Company 25. Feb 20 26. Feb 20 -619,000 €1.04 €-616,426
18. Feb 20 Sell Thomas Claugus Individual 13. Feb 20 13. Feb 20 -8,300 €1.18 €-9,790
18. Feb 20 Sell GMT Capital Corp. Company 13. Feb 20 13. Feb 20 -200,000 €1.18 €-235,904
27. Nov 19 Buy Thomas Claugus Individual 26. Nov 19 26. Nov 19 6,200 €1.22 €7,542
27. Nov 19 Buy GMT Capital Corp. Company 26. Nov 19 26. Nov 19 161,000 €1.22 €195,849
13. Dec 19 Sell Ron Hozjan Individual 12. Dec 19 12. Dec 19 -25,999 €1.32 €-34,402
02. Dec 19 Buy Thomas Claugus Individual 27. Nov 19 27. Nov 19 37,200 €0.92 €34,127
02. Dec 19 Buy GMT Capital Corp. Company 27. Nov 19 27. Nov 19 962,800 €0.92 €883,260
20. Nov 19 Buy Thomas Claugus Individual 20. Nov 19 20. Nov 19 12,800 €1.17 €14,922
20. Nov 19 Buy GMT Capital Corp. Company 20. Nov 19 20. Nov 19 333,800 €1.17 €389,135
01. Sep 19 Buy Thomas Claugus Individual 30. Aug 19 30. Aug 19 2,900 €1.44 €4,098
01. Sep 19 Buy GMT Capital Corp. Company 28. Aug 19 30. Aug 19 66,200 €1.44 €93,626
29. Aug 19 Buy Thomas Claugus Individual 28. Aug 19 28. Aug 19 4,900 €1.29 €6,322
29. Aug 19 Buy GMT Capital Corp. Company 28. Aug 19 28. Aug 19 110,200 €1.29 €142,174
28. Aug 19 Buy Thomas Claugus Individual 27. Aug 19 27. Aug 19 8,700 €1.17 €10,196
28. Aug 19 Buy GMT Capital Corp. Company 27. Aug 19 27. Aug 19 198,100 €1.17 €232,163
27. Aug 19 Buy Thomas Claugus Individual 26. Aug 19 26. Aug 19 27,800 €1.16 €32,269
27. Aug 19 Buy GMT Capital Corp. Company 26. Aug 19 26. Aug 19 255,000 €1.16 €295,989
14. Aug 19 Buy GMT Capital Corp. Company 14. Aug 19 14. Aug 19 372,800 €1.24 €461,680
13. Aug 19 Buy Thomas Claugus Individual 13. Aug 19 13. Aug 19 5,600 €1.30 €7,305
13. Aug 19 Buy GMT Capital Corp. Company 13. Aug 19 13. Aug 19 127,200 €1.30 €165,934
05. Aug 19 Buy Thomas Claugus Individual 02. Aug 19 02. Aug 19 3,800 €1.40 €5,337
05. Aug 19 Buy GMT Capital Corp. Company 02. Aug 19 02. Aug 19 84,000 €1.40 €117,975
02. Aug 19 Buy Thomas Claugus Individual 01. Aug 19 01. Aug 19 4,900 €1.38 €6,776
02. Aug 19 Buy GMT Capital Corp. Company 01. Aug 19 01. Aug 19 108,100 €1.38 €149,482
30. Jul 19 Buy Thomas Claugus Individual 30. Jul 19 30. Jul 19 2,400 €1.27 €3,058
30. Jul 19 Buy GMT Capital Corp. Company 30. Jul 19 30. Jul 19 52,700 €1.27 €67,141
25. Jul 19 Buy Thomas Claugus Individual 24. Jul 19 24. Jul 19 10,100 €1.41 €14,232
25. Jul 19 Buy GMT Capital Corp. Company 24. Jul 19 24. Jul 19 221,100 €1.41 €311,546
23. Jul 19 Buy Thomas Claugus Individual 22. Jul 19 23. Jul 19 21,700 €1.42 €30,500
23. Jul 19 Buy GMT Capital Corp. Company 22. Jul 19 23. Jul 19 478,900 €1.42 €673,111
15. Jul 19 Buy Thomas Claugus Individual 12. Jul 19 12. Jul 19 2,300 €1.41 €3,249
15. Jul 19 Buy GMT Capital Corp. Company 12. Jul 19 12. Jul 19 50,100 €1.41 €70,761
12. Jul 19 Buy Thomas Claugus Individual 11. Jul 19 11. Jul 19 24,500 €1.42 €34,814
12. Jul 19 Buy GMT Capital Corp. Company 11. Jul 19 11. Jul 19 541,300 €1.42 €769,166
09. Jul 19 Buy Thomas Claugus Individual 08. Jul 19 09. Jul 19 11,800 €1.41 €16,636
09. Jul 19 Buy GMT Capital Corp. Company 08. Jul 19 09. Jul 19 258,600 €1.41 €364,583
22. Apr 19 Sell Ken Cruikshank Individual 15. Apr 19 15. Apr 19 -160,000 €1.88 €-300,403
X
Management checks
We assess Tamarack Valley Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tamarack Valley Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Alberta Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater in Alberta, as well as in the Veteran, Consort, and Esther area of southeast Alberta and North Hoosier, Milton, and Coleville area of southwest Saskatchewan; Barons and Banff light oil plays located in the Penny area of Southern Alberta; and heavy oil properties. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. is headquartered in Calgary, Canada.

Details
Name: Tamarack Valley Energy Ltd
9TA1
Exchange: DB
Founded:
CA$89,065,444
222,295,253
Website: http://www.tamarackvalley.ca
Address: Tamarack Valley Energy Ltd
East Tower,
Suite 600,
Calgary,
Alberta, T2P 3L8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TVE Common Shares The Toronto Stock Exchange CA CAD 13. Jun 2002
OTCPK TNEY.F Common Shares Pink Sheets LLC US USD 13. Jun 2002
DB 9TA1 Common Shares Deutsche Boerse AG DE EUR 13. Jun 2002
Number of employees
Current staff
Staff numbers
50
Tamarack Valley Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 23:36
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.