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Tamarack Valley Energy Ltd (TNEYF) Receives a Buy from BMO Capital


According to The Fly, in a report issued on November 7, Ray Kwan from BMO Capital reiterated a Buy rating on Tamarack Valley Energy Ltd (TNEYF). The company’s shares closed on Wednesday at $2.71.

According to TipRanks.com, Kwan ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.5% and a 33.8% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Pengrowth Energy Corp, and Crescent Point Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tamarack Valley Energy Ltd.

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Based on Tamarack Valley Energy Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.37 million. In comparison, last year the company had a GAAP net loss of $5.38 million.

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Tamarack Valley Energy Ltd. engages in the identification, evaluation, and operation of oil and gas resources. Its portfolio includes Cardium Oil, Viking Oil, and Penny Barons Oil projects. The company was founded in August 2009 and is headquartered in Calgary, Canada.