Issue 38 – Tamarack Valley: Expanding its Clearwater Footprint

In March we wrote about two Canadian small cap companies that operate in Canada’s Clearwater oil play, namely, Rubellite Energy (issue 11, Rubellite Energy Inc. – The New Kids on the Clearwater Block, Mar. 14, 2022) and Headwater Exploration (issue 13, Headwater Exploration – Huge Potential in the Clearwater, Mar. 28, 2022). The Clearwater basin, which is situated in the heart of the Western Canadian Sedimentary Basin (WCSB), has been labelled as the most economic play in North America with wells that payout in less than six months at current oil prices with breakeven at US$ 32 per barrel for West Texas Intermediate crude (WTI).

 

Follow us on: LinkedIn

By Charles Marleau CIM® and William Mitchell CIM®

Continue Reading in PDF

By Charles Marleau CIM® and William Mitchell CIM®

All products and services of Palos Wealth Management Inc and Palos Management Inc. are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.