Tamarack Valley Energy Ltd. (TVE:CA) — Scotiabank initiated coverage with an Outperform rating and a C$17.00 price target. Tamarack Valley is an oil producer with a focus on the Clearwater play in Alberta. Looking ahead, investors will be watching well productivity and the conversion of production into free cash flow. Oil prices, drilling and operating costs, capital discipline and the balance between shareholder returns and debt reduction remain central to the outlook.
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