Oil Hits 10-Month High
Tuesday, January 12, 2021
On the back of a falling dollar, the oil price climbed to a new 10-month high. This follows a climb in recent days that capped off a surge of over 45% in the price since the end of October last year.
It’s expected that this rise in prices will continue as demand increases, mainly because of the hopes of an economic recovery and massive government fiscal stimuli around the world.
Tamarack Valley Announces 2021 Corporate Update
Monday, January 11, 2021
Tamarack Valley Energy Ltd announced that the Board of Directors has approved a capital budget of $105 to $110 million. Throughout 2021, the company plans to invest this capital in its operations, which includes the drilling of 65 net wells.
This investment is expected to result in an average yearly production of about 23 000 boe/d while increasing production volumes by about 30% in the 4th quarter of 2021 compared to the same period in 2020.