Responsible, value-driven energy development

Tamarack is a Canadian oil and gas company with a long-term strategic focus on responsible, value-driven energy development. Our high-quality asset portfolio is comprised of oil plays in Alberta, including the Clearwater, Charlie Lake, and several enhanced oil recovery (EOR) opportunities.

Tamarack’s strategic direction is guided by three key principles:

The targeting of repeatable and predictable plays that provide high free funds flow generation potential with long-life reserves.


The application of our rigorous, proven modeling process to carefully manage risk and identify opportunities.


Operating as a responsible corporate citizen with a focus on environmental, social and governance commitments and goals.

We employ a specific resource play screening criteria to identify and evaluate prospective areas for repeatability, scope, long life and large original oil or gas-in-place per section, which suggests sizeable reserves.
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Strategy in action

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Leveraging our Strengths

Low-cost production due to core area strategic infrastructure ownership

Strategic hedging program protects against volatility while providing upside to strengthening commodity prices

Ability to accelerate growth by retaining capital spending flexibility, depending on commodity prices

Attractive corporate declines ensure only moderate annual sustaining capital requirements

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Continued Focus on Financial Metrics

Maintain strong balance sheet and keep debt to cash flow under 1.5 times

Continued focus on operating cost reductions and capital efficiencies with further drilling in core areas

Show per share growth in production and reserves

Oil rig in a field with trucks parked around it
Prudent Acquisition and Development Criteria

Tamarack’s proven asset acquisition criteria includes:

A payout period of less than 1.5 years

The potential to double production

A purchase price significantly less than internal NAV estimate

An accretive profile, with cash flow per share being a vital metric

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Our Leadership Team

The diverse and extensive experience contributed by the Tamarack team enables the Company to effectively pursue our goal of generating responsible, value-driven energy development.


Tamarack is a Calgary based oil and gas company with a long-term strategic focus on responsible, value-driven energy development. We are regularly looking to expand our team with committed, hard-working people.

Operator working on machinery