Tamarack Valley Energy Ltd. (TVE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome, everyone, to the Tamarack Valley Energy Ltd. conference call and webcast on Tuesday, July 28, 2026, discussing the recent Q2 2026 results press release. I would like to introduce today's speakers, Mr. Brian Schmidt, founder and CEO, Mr. Steve Buytels, president, and Kevin Johnston, CFO. If you would like to ask a question, please press star then the number one on your telephone keypad to join the queue. and if you would like to withdraw your question, please press star 2. Thank you. Mr. Schmidt, you may begin your conference. Thank you, Sylvie. Good morning and welcome everyone joining this morning to discuss our operating and financial results for the second quarter of 2026. My name is Brian Schmidt. I'm the CEO and founder of Tamarack Valley Energy and today I'm joined by Steve Buytels, President, and Kevin Johnston, CFO. We are proud to report our Q2O results which delivered record cash flows accompanied by robust production and shareholder returns. Our results are underpinned by strong operational execution and bolstered by elevated commodity prices in the quarter, with global conflicts driving higher demand for responsibly resourced and reliable Canadian crude. We continue to build upon our operational momentum in the Clearwater. We are delivering efficient production growth through the drill bit and we continue to observe strong reservoir response from the ongoing water flood expansion across our core fields. We are on track to grow our clear water production by over 15% year over year and raise our exit water rate injection volumes by 75%, setting the stage for 27 and beyond. This quarter included the previously announced divestment of our Charley Lake assets for over $800 million. This transaction reflects the culmination of a tremendou...