PrintNational Bank of Canada Lifts Tamarack's Price Target to $7.50
BY MT Newswires | ECONOMIC | 09/18/25 11:39 AM EDT11:39 AM EDT, 09/18/2025 (MT Newswires) -- National Bank of Canada Thursday increased Tamarack Valley Energy's
The price target change follows Tamarack's $112 million sale of non-core assets to streamline the business as a pure-play producer in Clearwater and Charlie Lake.
The assets sold comprise about 4,000 barrels of oil equivalent per day in eastern Alberta, or 6% of corporate production.
Tamarack will use the proceeds to continue deleveraging its balance sheet, the bank said.
"A sound transaction by the company, which high-grades its assets toward best in class, and provides accelerating visibility toward augmented returns through the outlook," the bank said.
Tamarack traded at $6.06 per share at last look on the TSX.
Price: 6.07, Change: -0.04, Percent Change: -0.74
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