Tamarack Valley Energy (TSX:TVE) Cash And Cash Equivalents : C$0 Mil (As of Mar. 2024)

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What is Tamarack Valley Energy Cash And Cash Equivalents?

Tamarack Valley Energy Cash And Cash Equivalents Historical Data

The historical data trend for Tamarack Valley Energy's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tamarack Valley Energy Cash And Cash Equivalents Chart

Tamarack Valley Energy Annual Data

Trend

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Cash And Cash Equivalents

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Tamarack Valley Energy Quarterly Data
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Tamarack Valley Energy Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Tamarack Valley Energy (TSX:TVE) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Tamarack Valley Energy Cash And Cash Equivalents Related Terms

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Tamarack Valley Energy (TSX:TVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamarack Valley Energy Ltd (TSX:TVE) » Definitions » Cash And Cash Equivalents

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TNEYF:USA 9TA1:Germany

Address

308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7

Website

https://www.tamarackvalley.ca

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.

Executives

Christine Ezinga

Senior Officer

Tamarack Valley Energy (TSX:TVE) Headlines

From GuruFocus

TVA To Discuss Fiscal Year 2022 Financial Results

By PRNewswire PRNewswire • 11-08-2022

TVA Reports Third Quarter Fiscal Year 2023 Financial Results

By PRNewswire • 08-01-2023

TVA Reports First Quarter Fiscal Year 2023 Financial Results

By PRNewswire PRNewswire • 01-31-2023

TVA Reports Fiscal Year 2022 Financial Results

By PRNewswire PRNewswire • 11-15-2022