Royal Bank of Canada reiterated their hold rating on shares of Tamarack-Valley-Energy (OTCMKTS:TNEYF) in a research note released on Wednesday morning.
Shares of TNEYF traded up $0.05 during midday trading on Wednesday, hitting $2.71. 2,702 shares of the stock traded hands, compared to its average volume of 5,828. Tamarack-Valley-Energy has a 1-year low of $1.88 and a 1-year high of $4.00.
Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.
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