Tamarack Valley Energy (TVE) has notable insider buying

Tamarack Valley Energy (T:TVE)

Tamarack Valley Energy Ltd. (TVE) has a high amount of executive buying compared to its mid-cap peers over the past three months. Scott Shimek, a Senior Officer, acquired 8,500 Common Shares on a direct ownership basis at a price of $4.080 through the public market on April 3rd, 2024. This represents a $34,680 investment into the company's shares and an account share holdings change of 4.1%.

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company's subsidiary is Tamarack Ridge Resources Inc.