Latest news with #TamarackValleyEnergyLtd.
CBC
04-05-2025
- Business
- CBC
2 Alberta companies ordered to pay $550K over OHS violations related to welders' deaths
Two Alberta companies have admitted to violating provincial occupational health and safety rules over a workplace explosion that killed two men at an oil and gas site north of Edmonton in 2022. The companies have been ordered to pay more than half a million dollars in fines and penalties, with most of the money going toward safety awareness and education initiatives. Welders Greg Podulsky, 29, and Darcy Schwindt, 47, were working on top of a tank on Nov. 12., 2022, when an explosion occurred within a tank storage facility, fatally injuring them. Tamarack Valley Energy Ltd. and Peace Pipefitting Inc. each pleaded guilty to one count of violating Alberta's OHS Act on Wednesday in the Slave Lake Court of Justice. Justice Robert Marceau accepted a joint submission from the companies, which included fines and creative sentences. Tamarack must pay $500,000, with most of the money going toward workplace safety initiatives and programming run by CAREERS: The Next Generation Foundation, a non-profit that works with Alberta youth, Energy Safety Canada, a safety organization, and Threads of Life, a charity that supports people affected by workplace injuries, illnesses and deaths. Brian Schmidt, Tamarack Energy's CEO, said his company has supported the workers' families by funding scholarships and marked the deaths within the company with a moment of silence at work last year. Schmidt said dealing with these tragedies has been the most difficult experience yet for his Calgary company. "We're a small company and there are not a ton of employees, so when something like this happens, it's quite traumatic," he said Friday in an interview. He also said it's important for the industry to do what it can to support the welders' families and share learnings with other companies. "We changed their lives permanently," he said. Peace Pipefitting must pay a $50,000 penalty, $30,000 of which will go toward programming at Threads of Life. The company, which did not respond to a request for comment, has also been placed on enhanced regulatory supervision for two years. Charlene Nahamko, Podulsky's mother, said she wore a sweatshirt bearing a photograph of her son to court this week. "I wanted them to know he wasn't just a contractor," she said. She said it was shocking to learn more about the circumstances of her son's death but becoming involved with Threads of Life has helped her carry her sadness and anger in a different way. "It's time for us to put that behind us and move forward with Greg's legacy and push with the safety and the education," she said. Schwindt's family members said in a written statement shared with CBC News that they are relieved to finally have closure on the investigation and are happy to see fines go toward educating students and preventing similar tragedies. "We are looking forward to moving forward and hope that Darcy will be remembered not for the accident that took his life, but for the amazing son, brother, uncle and friend he was to all of us," the family members said. According to a spokesperson for Occupational Health Safety, Voltegic Energy Services Ltd., which was also charged last year over this incident, is scheduled to be sentenced May 28. Charges against a numbered company were stayed last year. In 2024, 203 people died because of workplace injury or illness in Alberta — up from 165 in 2023.
Yahoo
18-04-2025
- Business
- Yahoo
Tamarack Valley Energy (TSE:TVE) Will Pay A Dividend Of CA$0.0127
Tamarack Valley Energy Ltd.'s (TSE:TVE) investors are due to receive a payment of CA$0.0127 per share on 15th of May. This payment means the dividend yield will be 3.9%, which is below the average for the industry. We've discovered 2 warning signs about Tamarack Valley Energy. View them for free. If it is predictable over a long period, even low dividend yields can be attractive. Prior to this announcement, Tamarack Valley Energy's dividend was comfortably covered by both cash flow and earnings. This means that a large portion of its earnings are being retained to grow the business. Over the next year, EPS could expand by 39.8% if recent trends continue. If the dividend continues along recent trends, we estimate the payout ratio will be 34%, which is in the range that makes us comfortable with the sustainability of the dividend. Check out our latest analysis for Tamarack Valley Energy The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The annual payment during the last 3 years was CA$0.0996 in 2022, and the most recent fiscal year payment was CA$0.153. This implies that the company grew its distributions at a yearly rate of about 15% over that duration. It is always nice to see strong dividend growth, but with such a short payment history we wouldn't be inclined to rely on it until a longer track record can be developed. Investors could be attracted to the stock based on the quality of its payment history. We are encouraged to see that Tamarack Valley Energy has grown earnings per share at 40% per year over the past five years. The company doesn't have any problems growing, despite returning a lot of capital to shareholders, which is a very nice combination for a dividend stock to have. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. For example, we've identified 2 warning signs for Tamarack Valley Energy (1 shouldn't be ignored!) that you should be aware of before investing. Is Tamarack Valley Energy not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
05-03-2025
- Business
- Yahoo
We Like Tamarack Valley Energy's (TSE:TVE) Earnings For More Than Just Statutory Profit
Despite posting healthy earnings, Tamarack Valley Energy Ltd.'s (TSE:TVE ) stock has been quite weak. Our analysis suggests that there are some reasons for hope that investors should be aware of. Check out our latest analysis for Tamarack Valley Energy To properly understand Tamarack Valley Energy's profit results, we need to consider the CA$85m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect Tamarack Valley Energy to produce a higher profit next year, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Because unusual items detracted from Tamarack Valley Energy's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Tamarack Valley Energy's statutory profit actually understates its earnings potential! And the EPS is up 77% over the last twelve months. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. To help with this, we've discovered 2 warning signs (1 shouldn't be ignored!) that you ought to be aware of before buying any shares in Tamarack Valley Energy. Today we've zoomed in on a single data point to better understand the nature of Tamarack Valley Energy's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
17-02-2025
- Business
- Yahoo
Tamarack Valley Energy (TSE:TVE) Has Announced A Dividend Of CA$0.0127
Tamarack Valley Energy Ltd.'s (TSE:TVE) investors are due to receive a payment of CA$0.0127 per share on 14th of March. This payment means the dividend yield will be 3.4%, which is below the average for the industry. See our latest analysis for Tamarack Valley Energy If it is predictable over a long period, even low dividend yields can be attractive. However, Tamarack Valley Energy's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share could rise by 24.8% over the next year if the trend from the last few years continues. If the dividend continues on this path, the payout ratio could be 30% by next year, which we think can be pretty sustainable going forward. Looking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. Since 2022, the dividend has gone from CA$0.0996 total annually to CA$0.153. This means that it has been growing its distributions at 15% per annum over that time. Tamarack Valley Energy has been growing its dividend quite rapidly, which is exciting. However, the short payment history makes us question whether this performance will persist across a full market cycle. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. It's encouraging to see that Tamarack Valley Energy has been growing its earnings per share at 25% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've identified 2 warning signs for Tamarack Valley Energy (1 is a bit unpleasant!) that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
