Tamarack Valley raises Clearwater guidance for Tamarack Valley stock

Published on 10/29/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 28, 2026 update set Clearwater guidance at 54,500-56,000 boe per day. Tamarack Valley stock costs EUR 9.43 on October 29, 2026.

Production and merger milestones

Tamarack entered the Headwater transaction on September 7, 2026, with a stated combined value of CAD 10 billion.
Third-quarter 2026 free funds flow reached CAD 92.4 million, compared with CAD 95.7 million in the year-earlier quarter.
The shareholder vote on the Headwater transaction is scheduled for November 18, 2026.
Year-to-date buybacks totaled CAD 189.1 million through September 30, 2026.

TVE, CA87505Y4094, Illustration mit AI erstellt.

Tamarack Valley Energy Ltd. (ISIN CA87505Y4094) raised its 2026 Clearwater production guidance to 54,500-56,000 barrels of oil equivalent per day in an October 28, 2026 release. Newswire reported that third-quarter Clearwater production reached 55,298 barrels of oil equivalent per day, up 16 percent from the third quarter of 2025. The update links stronger waterflood performance with the higher outlook.

Waterflood supports higher output

The operating improvement came with measurable cash generation. Tamarack reported CAD 214.0 million of adjusted funds flow and CAD 92.4 million of free funds flow for the third quarter of 2026, versus CAD 95.7 million of free funds flow in the year-earlier quarter, according to Newswire. The company exited the quarter with water injection above 60,000 barrels per day and estimated incremental oil uplift of 10,000 barrels per day.

The capital program is the counterweight. Management is guiding to CAD 450-470 million of 2026 capital investments, with spending tracking toward the upper end of that range as development accelerates and Headwater assets are incorporated.

What does the merger change?

Chronology puts the latest figures in context: Tamarack announced the Headwater combination on September 7, 2026, with a stated value of CAD 10 billion; it reported 55,298 barrels of oil equivalent per day for the third quarter on October 28, 2026; and the same release lifted Clearwater guidance to 54,500-56,000 barrels of oil equivalent per day. The transaction is designed to create a larger Clearwater-focused producer with run-rate output above 80,000 barrels of oil equivalent per day.

MarketBeat reported that Tamarack repurchased 15.8 million shares for CAD 189.1 million year to date through the third quarter. The return-of-capital plan therefore runs alongside higher development spending, leaving the merger vote and integration timetable as key near-term milestones.

Next dates for shareholders

The next scheduled event is the shareholder vote on November 18, 2026. The company plans to declare the second dividend increase after completion of the transaction, with the quarterly payment expected to rise from CAD 0.05 to CAD 0.06 beginning in December 2026, according to Investing.com.

Stock quote and market context

Tamarack Valley stock was trading at EUR 9.43 at Lang and Schwarz on October 29, 2026 at 1:10 p.m. CEST. A dated Xetra close for the reference calculation was not established, so no daily percentage change is stated.

The further course of trading is shown by the continuously updated real-time quote of Tamarack Valley stock.