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NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES Tamarack Valley Energy Ltd. (TSX:TVE) ("Tamarack" or the "Company") and Spur Resources Ltd. ("Spur") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Tamarack of all the issued and outstanding common shares of Spur ("Spur Shares"), which will hold Spur's Viking oil assets at closing (the "Combination"). Under the terms of the Arrangement Agreement, Tamarack will issue an aggregate of 90.1 million common shares ("Tamarack Shares") of Tamarack (subject to rounding, the "Share Consideration") and $57.3 million in cash (the "Cash Consideration"). Tamarack will also be assuming Spur's net debt, estimated to be $25.7 million as at November 30, 2016, after accounting for proceeds from the exercise of all outstanding options of Spur, and severance and transaction costs. Based upon the previous 10-day VWAP of Tamarack of $3.60 per share, the total consideration payable by Tamarack, including the assumption of debt, is approximately $407.5 million. Tamarack is pleased to announce that Ian Currie, President and Chief Executive Officer of Spur, is expected to join the board of directors of Tamarack (the "Board") upon completion of the Combination. Mr. Currie is a professional engineer with 30 years of experience and has been instrumental in the success of Spur over the past decade. Mr. Currie brings a wealth of experience and continuity to the Tamarack board of directors and will assist in overseeing the further development of the Spur Assets within Tamarack. In addition, the Compensation and Governance Committee of the Board will, with the assistance of Tamarack management, make recommendations to the Board with respect to the nomination of two additional independent directors. It is anticipated that such directors will be put forward for election at Tamarack's next annual meeting of shareholders. All directors and officers of Spur, representing approximately 34% of the issued and outstanding Spur Shares, have entered into support agreements with Tamarack pursuant to which they have agreed to vote their Spur Shares in favour of the Combination. Clayton Woitas, Chairman of the Board of Spur commented, "On behalf of the board of directors of Spur, we are excited to combine with Tamarack and believe that the corporate philosophies of the two teams are much aligned. We believe that Tamarack management will provide top-tier growth to its shareholders from a high-quality Cardium and Viking asset base. We look forward to being shareholders of Tamarack." The Combination is transformational for Tamarack and will add concentrated, high netback, light oil-weighted Viking focused assets to Tamarack with operations in southwestern Saskatchewan and southeastern Alberta (the "Spur Assets"). The Combination immediately adds 6,250 boe/d (52% light oil and NGLs) of low cost production and an extensive drilling inventory of 720 (695 net) total identified low-risk drilling locations with an average light oil and NGL weighting of approximately 70%. Spur has accumulated and delineated 300,000 net acres of high working interest acreage in the Consort and Esther areas of southeast Alberta and the Milton and Hoosier areas of southwest Saskatchewan. The Spur Assets were accumulated over the past five years under guiding principles that are similar to those adhered to by Tamarack. The Spur Assets are oil-focused, sustainable, reliable and are expected to provide predictable per share growth for many years to come, including under current commodity prices in the prevailing low price environment. Like Tamarack, Spur has been focused on maintaining a low-cost structure through the ownership and control of strategic infrastructure across its asset base, driving attractive netbacks and robust economics at current commodity prices. Significant growth opportunities have been identified across the Spur Assets including 483 (468 net) drilling locations that pay out in 1.5 years or less at current strip prices. Spur has 750 km of oil and gas pipelines, multiple owned batteries, compressors and booster compressors and a 34.2% working interest in the Spur operated Consort Gas Plant. Tamarack does not forecast that any material near-term facility capital will be required. Further information regarding Tamarack's specific plans for development of the Spur Assets through 2017 is outlined below under "2017 Growth Plans and Preliminary Guidance". "This transaction is consistent with Tamarack's strategy to continue building our portfolio of high-quality, oil-focused resource assets that offer a repeatable and predictable growth profile while maintaining a healthy balance sheet," said Brian Schmidt, President and CEO of Tamarack in commenting on the Combination. "The Spur Assets meet all of the rigorous evaluation criteria that Tamarack utilizes for acquisitions and provide an ideal fit with our core operations. We are very excited about the significant value creation potential that we see with this business combination." Pro forma the Combination, Tamarack will be an intermediate oil-weighted Cardium and Viking focused growth company with production of approximately 17,250 boe/d (54% light oil and NGLs) and forecast average production of between 19,000 and 20,000 boe/d in 2017. The addition of the Spur Assets further bolsters Tamarack's existing suite of low-cost, oil-weighted assets and is expected to strengthen the Company's ability to grow funds flow and production per share for many years. Tamarack will have over 681 net total identified locations that pay out in 1.5 years or less at current strip prices. The Combination immediately establishes Tamarack as one of the top producers in the prolific Viking light oil fairway across Alberta and Saskatchewan, building upon the Company's existing Viking asset base at Redwater and core Cardium assets at Wilson Creek. The Company expects to maintain financial strength and flexibility with pro forma net debt to 2017E cash flow at current strip prices of 0.9 times, and no requirement for an equity financing to fund development of the combined assets. The key benefits to Tamarack shareholders pro forma the Combination are as follows, assuming 2017 prices of USD$50.00/bbl WTI, CAD$2.75/GJ AECO, and a Canadian/US dollar exchange rate of $0.75: Notes to the tables above: 1 The purchase price will be subject to normal adjustments for a transaction of this nature. 2 Working interest reserves before the calculation for royalties and before the consideration of royalty interest reserves. Reserves estimates are based on the Company's internal evaluation of what it estimates could be booked at September 30, 2016. The reserves were prepared in accordance with the Canadian Oil and Gas Evaluation Handbook by a member of Tamarack's management who is a qualified reserves evaluator in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. 3 The reserve life index ("RLI") is calculated by dividing P+P reserves estimated at September 30, 2016 with estimated production at closing. 4 Operating netback does not have any standard meaning prescribed by IFRS and therefore may not be comparable with the calculation of similar measures for other entities. Operating netback equals total petroleum and natural gas sales less royalties and operating costs calculated on a boe basis. Tamarack considers operating netback as an important measure to evaluate its operational performance as it demonstrates its field level profitability relative to current commodity prices. The estimated operating netback was derived using the Company's 2017 commodity price forecast of USD$50.00/bbl WTI, CAD$2.75/GJ AECO, and a Canadian/US dollar exchange rate of $0.75. 5 Cash flow multiple is calculated by dividing the purchase price by an estimate of funds from operations from the acquired asset on a run rate basis using the estimated production rate at closing. The estimated operating netback was derived using the Company's 2017 commodity price forecast of USD$50.00/bbl WTI, CAD$2.75/GJ AECO, and a Canadian/US dollar exchange rate of $0.75. Tamarack re-affirms its previously announced 2016 guidance as outlined below, and will continue to closely monitor the broader commodity price environment. As a result of prudent stewardship during this prolonged commodity price downturn, the Company is well positioned with the flexibility to accelerate or reduce capital expenditures from current levels in accordance with commodity price fluctuations: Tamarack is scheduled to release its results for the three and nine months ended September 30, 2016 on November 8, 2016 prior to the TSX market open. Under Tamarack's initial 2017 growth plans, the Company anticipates that it will allocate drilling capital approximately equally between the Spur Assets and existing Tamarack assets. An estimated 100 to 110 Viking oil wells are expected to be drilled on the Spur Assets, with approximately 80% in the Consort and Veteran areas, where acquired operated infrastructure can contribute to greater cost control and enhanced returns. On the Company's existing assets, Tamarack plans to drill between 15 and 17 net wells at Wilson Creek and Alder Flats, up to four net wells at Penny, and between 10 and 15 net wells at Redwater. The Combination is expected to increase Tamarack's 2017 cash flow netback, production and cash flow per share while maintaining an exit net debt to cash flow below 0.9x. The following is the preliminary guidance for 2017 before and after the acquisition of the Spur Assets: Board of Directors Recommendation and Financial Advisors The board of directors of Tamarack, after receiving advice from Peters & Co. Limited with respect to the strategic and financial aspects of the Combination, has unanimously approved the Combination and the entering into of the Arrangement Agreement, and recommends that Tamarack shareholders vote in favour of the issuance of the Tamarack Shares pursuant to the Combination. With respect to the Combination, Peters & Co. Limited is acting as exclusive financial advisor to Tamarack and its board of directors. CIBC World Markets and Macquarie Capital Markets acted as strategic advisors to Tamarack and its board. The board of directors of Spur has unanimously approved the Combination and the entering into of the Arrangement Agreement and determined that the Combination is in the best interests of Spur and its shareholders and recommends that Spur shareholders vote in favour of the Combination. With respect to the Combination, National Bank Financial Inc. ("NBF") is acting as exclusive financial advisor to Spur and its board of directors. Tamarack and Spur have entered into an Arrangement Agreement pursuant to which Tamarack and Spur have agreed to undertake a plan of arrangement under the Business Corporations Act (Alberta). Under the terms of the Arrangement Agreement, each Spur Share shall be exchanged for: (i) either (A) 1.6896 Tamarack Shares; or (B) $6.08 in cash; (ii) 0.3333 common shares ("Newco Shares") in a newly formed private company ("Newco") to be managed primarily by the existing Spur management team and board of directors with certain assets of Spur located in the Clearwater medium oil fairway in Alberta; and (iii) 0.20 of a Newco share purchase warrant (each whole warrant, a "Newco Warrant"). The aggregate Cash Consideration payable by Tamarack is fixed at $57.3 million and the aggregate Share Consideration to be issued by Tamarack is fixed at 90.1 million (subject to rounding). Each whole Newco Warrant will entitle the holder to acquire one Newco Share at an exercise price equal to $2.87 per share at any time on or before the close of business on the 30th day following the closing of the Combination. The Arrangement Agreement contemplates that Tamarack and Spur shareholders will hold their respective shareholder meetings on or about January 10, 2017 where holders of Spur Shares will vote on the Combination and holders of Tamarack Shares will vote on the issuance of Tamarack Shares pursuant to the Combination, as required by the rules of the Toronto Stock Exchange. It is expected that a management information circular and proxy statement will be sent to the shareholders of each of Tamarack and Spur in early December 2016. Closing of the Combination is expected to occur on or about January 11, 2017. The Arrangement Agreement provides for a mutual break fee of $16,300,000 in the event of termination of the Arrangement Agreement in certain circumstances and a mutual third party expense reimbursement fee in the event that Tamarack or Spur shareholders do not approve the issuance of Tamarack Shares or the Combination, respectively, in certain circumstances. The Arrangement Agreement also provides for customary non-solicitation covenants, and exercise of fiduciary duty and right to match provisions, among other matters. Senior officers and directors of Spur who collectively hold or exercise control over approximately 34% of the issued and outstanding Spur Shares (assuming exercise of options and restricted share units), have entered into agreements with Tamarack pursuant to which they have agreed to not dispose or trade their Tamarack Shares upon completion of the Combination except as follows: (i) 1/3 of such Tamarack Shares shall be eligible for disposition upon closing of the Combination; (ii) 1/3 of such Tamarack Shares shall be eligible for disposition on the date that is three months after the closing of the Combination; and (iii) the remaining 1/3 of such Tamarack Shares shall be eligible for disposition on the date that is six months after the closing of the Combination. The closing of the Combination is subject to the receipt by Tamarack and Spur of all court, stock exchange and other regulatory approvals, receipt of the requisite shareholder approvals of Tamarack and Spur, no material adverse change having occurred in Spur and a number of other matters customary in transactions of this nature. This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. A conference call and webcast to discuss the Combination has been scheduled for today, Wednesday, November 2nd, at 9:00 AM MT (11:00 AM ET) for interested investors, analysts, brokers and media representatives. To participate, please dial 1-866-696-5910 (toll-free in North America) or +1-416-340-2217 (Toronto & International) and enter passcode 3848571 approximately 10 minutes prior to the scheduled start time for the conference call. Alternatively, to listen to this event online, please enter http://www.gowebcasting.com/8252 in your web browser. A digital replay will be made available approximately two hours after the call's completion and will remain available until November 9th, 2016. To listen to the replay, please dial 1-800-408-3053 (toll-free in North America) or +1-905-694-9451 (Toronto & International) and enter Passcode 3332613. Tamarack has posted an updated corporate presentation reflecting the transaction on the Investor Info page of Tamarack Valley's website at http://www.tamarackvalley.ca. Tamarack is an oil and gas exploration and production company committed to long-term growth and the identification, evaluation and operation of resource plays in the Western Canadian Sedimentary Basin. Tamarack's strategic direction is focused on two key principles - targeting repeatable and relatively predictable plays that provide long-life reserves, and using a rigorous, proven modeling process to carefully manage risk and identify opportunities. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily in the Cardium and Viking fairways in Alberta that are economic at a variety of oil and natural gas prices. With this type of portfolio and an experienced and committed management team, Tamarack intends to continue delivering on its strategy to maximize shareholder return while managing its balance sheet. For the purpose of calculating unit costs, natural gas volumes have been converted to a barrel of oil equivalent ("boe") using six thousand cubic feet equal to one barrel unless otherwise stated. A boe conversion ratio of 6:1 is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This conversion conforms with Canadian Securities Regulators' NI 51-101. Boe's may be misleading, particularly if used in isolation. This press release contains certain forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "potential", "intend", "focus", "estimate", "expect", "may", "will", "could", "should", or similar words suggesting future outcomes. More particularly, this press release contains statements concerning the proposed Combination including the impact of the Combination on Tamarack and Tamarack's plans, the timing and anticipated dates for mailing the joint management information circular to shareholders of Tamarack and Spur and the shareholder meetings to consider matters relating to the Combination, the anticipated receipt of all Court and regulatory approvals in respect of the Combination, the satisfaction of all parties to the conditions to closing of the Combination, the anticipated closing time of the Combination, anticipated Combination value, the effect of the Combination, including the anticipated 2016 combined production, estimated proved reserves, estimated proved plus probable reserves, estimated proved plus probable reserves life index, the anticipated production, results or operation and capital expenditures of the Company for 2017, estimated future drilling locations, estimated undeveloped land and estimated net debt, the drilling opportunities with respect to Spur's inventory including the expected economics related thereto, the expected composition of the board of directors of Tamarack following completion of the Combination and the expected treatment of the securities of Tamarack in connection with the Arrangement. The completion and timing of the Combination are based on a number of assumptions, including the timely receipt of all required shareholder, Court and regulatory approvals for the Combination and the satisfaction of other closing conditions in accordance with the terms of the Arrangement Agreement. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Tamarack relating to the successful completion of the Combination, approval of the Combination by Spur shareholders and the approval of the issuance of Tamarack Shares pursuant to the Combination by the Tamarack shareholders, prevailing commodity prices, the availability of drilling rigs and other oilfield services, the timing of past operations and activities in the planned areas of focus, the drilling, completion and tie-in of wells being completed as planned, the performance of new and existing wells, the application of existing drilling and fracturing techniques, the continued availability of capital and skilled personnel, the ability to maintain or grow the banking facilities and the accuracy of Tamarack's geological interpretation of its drilling and land opportunities. Although management considers these assumptions to be reasonable based on information currently available to it, undue reliance should not be placed on the forward-looking statements because Tamarack can give no assurances that they may prove to be correct. Completion of the Combination could be delayed if parties are unable to obtain the necessary regulatory, stock exchange, shareholder and Court approvals on the timeline planned. The Combination will not be completed if all of these approvals are not obtained or some other condition of closing is not satisfied. Accordingly, there is a risk that the Combination will not be completed within the anticipated time or at all. By their very nature, forward-looking statements are subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures); commodity prices; the uncertainty of estimates and projections relating to production, cash generation, costs and expenses; health, safety, litigation and environmental risks; and access to capital. Due to the nature of the oil and natural gas industry, drilling plans and operational activities may be delayed or modified to react to market conditions, results of past operations, regulatory approvals or availability of services causing results to be delayed. Please refer to Tamarack's revised Annual Information Form ("AIF") dated March 24, 2016 for additional risk factors relating to Tamarack. The AIF is available for viewing under the Company's profile on www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement This press release discloses drilling locations in two categories: (i) booked locations; and (ii) unbooked locations. Booked locations are proved locations and probable locations derived from an internal evaluation using standard practices as prescribed in the Canadian Oil and Gas Evaluations Handbook and account for drilling locations that have associated proved and/or probable reserves, as applicable. Of the 720 gross drilling locations of Spur identified herein, 110 are proved locations, 90 are probable locations and 500 are unbooked locations. Of the 1,250 gross drilling locations of Tamarack, assuming completion of the Combination, identified herein, 215 are proved locations, 200 are probable locations and 835 are unbooked locations. Unbooked locations are internal estimates based on prospective acreage and an assumption as to the number of wells that can be drilled per section based on industry practice and internal review. Unbooked locations do not have attributed reserves or resources. Unbooked locations have been identified by management as an estimation of our multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company actually drills wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. While certain of the unbooked drilling locations have been de-risked by drilling existing wells in relative close proximity to such unbooked drilling locations, the majority of other unbooked drilling locations are farther away from existing wells where management has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and if drilled there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production.


News Article | November 29, 2016
Site: globenewswire.com

ARLINGTON, Va., Nov. 29, 2016 (GLOBE NEWSWIRE) -- DivvyCloud, a leading developer of innovative technology to automate and manage cloud infrastructure, announced today that Discovery Communications has invested in its latest round of funding, contributing to the more than $3M the three-year-old startup has raised from venture capital and angel investors to date. Discovery Communications made the decision to invest in DivvyCloud after being an enterprise customer for over a year. “Given the value that DivvyCloud has delivered to Discovery in our adoption of the cloud, we see a real potential for growth that we’re excited to be a part of,” said John Honeycutt, Discovery Communications Chief Technology Officer. “The leadership team at DivvyCloud brings a compelling mix of deep technical expertise and operational experience to support critical enterprise solutions at scale.” DivvyCloud’s BotFactory solution is unique in the marketplace with its ability to track real-time changes within cloud infrastructure and take customer-defined, automated actions to fix problems and ensure policy compliance. Customers can leverage over 100 standard automation Bots to address a wide range of security, cost and compliance challenges commonly faced by any organization adopting cloud infrastructure. The underlying DivvyCloud platform is fully extensible, allowing developers the freedom and flexibility to address specific use cases and integrate other enterprise systems or data sources. The platform harvests and normalizes data and lifecycle controls across all the leading cloud platforms (AWS, GCP, Azure, OpenStack, VMware and others) to reduce complexity and protect customers against cloud vendor lock-in. “We are very pleased with the confidence Discovery has shown in DivvyCloud by making this investment,” said DivvyCloud CEO Brian Johnson. “Technology companies increasingly rely on the cloud to deliver value to their customers and DivvyCloud helps ensure these cloud strategies scale effectively.” About Discovery Communications Discovery Communications (Nasdaq:DISCA) (Nasdaq:DISCB) (Nasdaq:DISCK) satisfies curiosity and engages superfans with a portfolio of premium nonfiction, sports and kids programming brands. Reaching 3 billion cumulative viewers across pay-TV and free-to-air platforms in more than 220 countries and territories, Discovery’s portfolio includes the global brands Discovery Channel, TLC, Investigation Discovery, Animal Planet, Science and Turbo/Velocity, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports content across Europe. Discovery reaches audiences across screens through digital-first programming from Discovery VR, over-the-top offerings Eurosport Player and Dplay, as well as TV Everywhere products comprising the GO portfolio of TVE apps and Discovery K!ds Play. For more information, please visit www.discoverycommunications.com. About DivvyCloud DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating compliance and optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate security, cost and scale problems in real time. DivvyCloud was founded by seasoned technologists who understand first hand what is necessary to succeed in today’s fast-changing, multi-cloud world. For more information, visit www.divvycloud.com.


News Article | November 8, 2016
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - Nov. 8, 2016) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce its operating and financial results for the third quarter and nine month periods ended September 30, 2016. Production for the quarter averaged 10,790 boe/d (55% liquids), an increase of 13% over the previous quarter and a 24% increase over the third quarter of 2015. Average production for the third quarter of 2016 increased by 13% to 10,790 boe/d from 9,536 boe/d in the second quarter of 2016. Third quarter volumes were positively impacted by a combined 2,046 boe/d attributable to the Penny and Redwater acquisitions, and volume additions from three (2.9 net) Cardium oil wells and one (1.0 net) heavy oil well that were brought on stream during the third quarter. By the end of the quarter, production from the recently acquired Penny and Redwater assets exceeded expectations by approximately 480 boe/d due to successful workovers and shallower decline rates. With two Redwater Viking oil wells, the Company's first horizontal oil well at Penny and one Cardium oil well at Wilson Creek all to come on production during the fourth quarter, the Company is well on its way to achieving its 2016 exit rate of approximately 11,000 boe/d. For the first nine months of 2016 Tamarack averaged 9,972 boe/d, which is already within the annual guidance range of 9,800 to 10,500 boe/d. The increase in Q3 production can be attributed to volumes added from the Company's successful drilling program in Wilson Creek and Alder Flats areas of Alberta combined with the positive performance of assets acquired in the Penny area of Southern Alberta and the Redwater area of Alberta (collectively the "Penny and Redwater Assets") that closed mid-July. Production from the Penny and Redwater Assets has exceeded Tamarack's original expectations and contributed to the Company's strong volume performance for the three month and nine month periods ended September 30, 2016. The increase in the Company's third quarter funds from operations to $16.7 million ($0.12 per share) from $15.4 million ($0.13 per share) in the previous quarter can be attributed to a 56% increase in natural gas prices and a 13% increase in production, and partially offset by higher production and royalty expenses and acquisition transaction costs. Tamarack will continue to focus on drilling wells that target a capital cost payout of 1.5 years or less, while striving to optimize capital efficiencies by reducing capital and operating costs. A key component of the Company's strategy is to conscientiously manage its assets and balance sheet through any cycle, which may include adjusting capital within the context of the commodity price environment, and to maintain a systematic hedging program to protect against downside risk from commodity price volatility. The Company is well hedged through 2017, which will underpin funds from operations and help Tamarack maintain its strong balance sheet and production base. As at September 30, 2016, Tamarack's net debt was $62.8 million, representing a conservative debt to annualized third quarter funds from operations ratio of 1.0 times. Since the commodity price downturn began in late 2014, Tamarack has clearly demonstrated the strength of its strategic direction by cutting capital spending, reducing operating costs and strengthening its balance sheet in order to maintain the flexibility to exploit opportunities that may arise in this low commodity environment. That has positioned the Company to continue bolstering its high-quality, oil-focused resource areas, successfully adding incremental drilling locations into inventory and capitalizing on accretive, oil-weighted opportunities, including the acquisition of the Penny and Redwater Assets. Subsequent to the end of the third quarter, on November 2, 2016, Tamarack announced a transformational combination with Spur Resources Ltd. ("Spur"). This combination will reposition the Company as an oil-weighted Cardium and Viking focused growth entity with over 17,250 boe/d of production with control of key infrastructure in its core areas. This combination remains consistent with Tamarack's strategy of adding high-quality, oil-weighted assets that on a half cycle basis achieve a capital cost payout of 1.5 years or less while maintaining balance sheet flexibility. This acquisition will provide the Company with ample high quality drilling inventory to fuel organic growth and allow for cash flow and production per share growth for many years. The closing of this transaction is expected to occur on or about January 11, 2017 subject to standard TSX, court and regulatory approvals and approval of both Tamarack and Spur shareholders. Tamarack has filed its unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2016 ("Financial Statements") and management's discussion and analysis ("MD&A") on SEDAR at www.sedar.com, and posted the documents to Tamarack's website at www.tamarackvalley.ca. Selected financial and operational information is outlined below and should be read in conjunction with the Financial Statements, which were prepared in accordance with International Financial Reporting Standards ("IFRS"), and the related MD&A. This press release contains non-IFRS measures, including but not limited to cash flow, net debt and funds from operations. For further information on these measures, see the MD&A. Tamarack is an oil and gas exploration and production company committed to long-term growth and the identification, evaluation and operation of resource plays in the Western Canadian Sedimentary Basin. Tamarack's strategic direction is focused on two key principles - targeting repeatable and relatively predictable plays that provide long-life reserves, and using a rigorous, proven modeling process to carefully manage risk and identify opportunities. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily in the Cardium and Viking fairways in Alberta that are economic at a variety of oil and natural gas prices. With this type of portfolio and an experienced and committed management team, Tamarack intends to continue delivering on its strategy to maximize shareholder return while managing its balance sheet. For the purpose of calculating unit costs, natural gas volumes have been converted to a barrel of oil equivalent ("boe") using six thousand cubic feet equal to one barrel unless otherwise stated. A boe conversion ratio of 6:1 is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This conversion conforms with Canadian Securities Regulators' NI 51-101. Boe's may be misleading, particularly if used in isolation. This press release contains certain forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "target", "plan", "continue", "intend", "ongoing", "expect", "may", "will", "should", or similar words suggesting future outcomes. More particularly, this press release contains statements concerning the Company's continued focus on reducing costs and continually improving operational and capital efficiencies, the impact of operating cost reduction initiatives, well completion design changes and associated cost reductions, adjustments to the 2016 capital expenditure program, deferral of capital expenditures and expected year end production in 2016. This press release also contains statements concerning the proposed combination with Spur Resources ("Combination") including the impact of the Combination on Tamarack and Tamarack's plans, the timing and anticipated closing date for the Combination, the anticipated receipt of all Court, regulatory and shareholder approvals in respect of the Combination and the effect of the Combination and the anticipated outcome and benefits of the Combination, The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Tamarack relating to prevailing commodity prices, the availability of drilling rigs and other oilfield services, the timing of past operations and activities in the planned areas of focus, the drilling, completion and tie-in of wells being completed as planned, the performance of new and existing wells, the application of existing drilling and fracturing techniques, the continued availability of capital and skilled personnel, the ability to maintain or grow the banking facilities and the accuracy of Tamarack's geological interpretation of its drilling and land opportunities, timely receipt of all required shareholder, Court and regulatory approvals for the Combination, the successful completion of the Combination and the satisfaction of other closing conditions in accordance with the terms of the arrangement agreement with Spur Resources. Although management considers these assumptions to be reasonable based on information currently available to it, undue reliance should not be placed on the forward-looking statements because Tamarack can give no assurances that they may prove to be correct. Completion of the Combination could be delayed if parties are unable to obtain the necessary regulatory, stock exchange, shareholder and Court approvals on the timeline planned. The Combination will not be completed if all of these approvals are not obtained or some other condition of closing is not satisfied. Accordingly, there is a risk that the Combination will not be completed within the anticipated time or at all. By their very nature, forward-looking statements are subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures); commodity prices; the uncertainty of estimates and projections relating to production, cash generation, costs and expenses; health, safety, litigation and environmental risks; and access to capital. Due to the nature of the oil and natural gas industry, drilling plans and operational activities may be delayed or modified to react to market conditions, results of past operations, regulatory approvals or availability of services causing results to be delayed. Please refer to Tamarack's annual information form for the year ended December 31, 2015 (the "AIF") for additional risk factors relating to Tamarack. The AIF can be accessed either on Tamarack's website at www.tamarackvalley.ca or under the Company's profile on www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.


CALGARY, ALBERTA--(Marketwired - Feb. 27, 2017) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce the results of its independent oil and gas reserves evaluation as of December 31, 2016, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"), summarized below. The reserves evaluation contained herein does not include the impact of the Spur Resources Ltd. acquisition that closed January 11, 2017 (the "Viking Acquisition"). Pro-forma reserves details including the new assets from the Viking Acquisition will be made available concurrent with the Company's year-end 2016 financial and operating results with further details included in the 2016 Annual Information Form, both of which are expected to be issued and filed on March 23, 2017. Throughout 2016, Tamarack continued to focus on the successful execution of its core strategy and strategic acquisitions generating positive results despite ongoing weakness in commodity prices. The Company achieved strong reserves additions organically due to the success of its drilling program, enhancements to completion techniques and improvements in well performance, all of which contributed to attractive capital efficiencies. Tamarack's complementary acquisitions during 2016 at Wilson Creek / Redwater and the low-decline acquired production at Penny (collectively the "Acquired Assets") further supported the growth profile and contributed to near and longer-term value creation. A successful development program and cost reductions on the Acquired Assets during the latter half of 2016 led to an increase in the net present value of before tax future net revenues discounted at 10% ("NPVBT10") of proved plus probable ("2P") reserves to approximately $240 million compared to the purchase price paid of $85 million in June of 2016. The NPVBT10 of Tamarack's total 2P reserves increased by 61% year over year to $668.8 million, representing $4.55 per fully diluted share. Tamarack delivered 5% growth per fully diluted share in proved developed producing reserves ("PDP"), and increased its drilling location inventory while maintaining a strong balance sheet. On an absolute basis, the Company's significant reserves growth includes a 43% increase in PDP, a 34% increase in total proved ("1P") reserves and a 26% increase in 2P reserves. The following tables highlight Tamarack's 2016 year-end independent reserves assessment and evaluation prepared by GLJ with an effective date of December 31, 2016 (the "GLJ Report"). The GLJ Report has been prepared in accordance with definitions, standards and procedures contained in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook. All evaluations and summaries of future net revenue are stated prior to provision for interest, debt service charges or general administrative expenses and after deduction of royalties, operating costs, estimated well abandonment and reclamation costs and estimated future capital expenditures. It should not be assumed that the estimates of future net revenues presented in the tables below represent the fair market value of the reserves. Net Present Values of Future Net Revenue Before Income Taxes Discounted at (%/yr) Reconciliation of Company Gross Reserves Based on Forecast Prices and Costs The following is a summary of GLJ's estimated future development capital required to bring proved and probable undeveloped reserves on production. To date in the first quarter of 2017, Tamarack has remained focused on executing its capital program and continues to be on target for expected activity levels and production volumes. Since the start of the year, the Company has brought a total of 15 (13.9 net) new wells on production, including 11 (10.9 net) Viking light oil wells, two net extended reach horizontal Cardium light oil wells, one net Notikewin liquids-rich natural gas well, and one net heavy oil well. Volumes from these new wells are contributing to the Company's current production of approximately 19,000 boe/d and Tamarack remains on target to meet its first half production guidance range of 18,500 to 19,000 boe/d despite numerous factors negatively impacting field operations thus far in the first quarter. Tamarack has experienced non-operated production curtailments, a third-party gas plant curtailment, earlier than expected road bans due to warm weather and delays due to lack of availability of frack crews required for well completions. The Company has been able to continue to meet production and capital deployment expectations even while faced with multiple headwinds, demonstrating the high-quality nature of Tamarack's diverse asset base and its ability to efficiently operate and allocate capital and resources. Based on three rigs currently running and Tamarack's capital plans for the balance of the first quarter, the Company anticipates bringing on an additional 15 (12.4 net) Viking wells and four (3.3 net) Cardium wells by the end of March, 2017 contributing to an estimated first quarter 2017 exit production rate of approximately 20,000 boe/d. Into the second quarter, nine (8.9 net) Viking wells and one net Cardium well that were drilled in the first quarter are expected to be brought on production, bolstering the Company's positive momentum through the first half of 2017. Tamarack is an oil and gas exploration and production company committed to long-term growth and the identification, evaluation and operation of resource plays in the Western Canadian Sedimentary Basin. Tamarack's strategic direction is focused on two key principles - targeting repeatable and relatively predictable plays that provide long-life reserves, and using a rigorous, proven modeling process to carefully manage risk and identify opportunities. The Company has an extensive inventory of low-risk, oil development drilling locations focused in the Cardium and Viking fairways primarily in Alberta that are economic at a variety of oil and natural gas prices. With this type of portfolio and an experienced and committed management team, Tamarack intends to continue delivering on its strategy to maximize shareholder return while managing its balance sheet. For the purpose of calculating unit costs, natural gas volumes have been converted to a barrel of oil equivalent ("boe") using six thousand cubic feet equal to one barrel unless otherwise stated. A boe conversion ratio of 6:1 is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This conversion conforms with Canadian Securities Regulators' NI 51-101. Boe may be misleading, particularly if used in isolation. Certain financial and operating information included in this press release for the quarter and year ended December 31, 2016, including finding development and acquisition costs and netbacks are based on estimated unaudited financial results for the quarter and year then ended, and are subject to the same limitations as discussed under Forward Looking Information set out below. These estimated amounts may change upon the completion of audited financial statements for the year ended December 31, 2016 and changes could be material. Information Regarding Disclosure on Oil and Gas Reserves This press release contains metrics commonly used in the oil and natural gas industry, such as "finding and development costs", "finding, development and acquisition costs", "reserves replacement", "recycle ratio" and "reserve life index". These terms do not have standardized meanings or standardized methods of calculation and therefore may not be comparable to similar measures presented by other companies, and therefore should not be used to make such comparisons. Such metrics have been included herein to provide readers with additional information to evaluate the Company's performance, however such metrics should not be unduly relied upon. F&D cost calculations have been conducted in compliance with the requirements of NI 51-101. Specifically, F&D costs relating to Proved reserves were calculated by adding the cost of exploration, the cost of development and the annual change in estimated future reserves development costs and dividing that sum by annual additions to Proved reserves. Finding and development costs for Proved plus Probable reserves were similarly calculated, but used the Proved plus Probable reserves figure rather than the Proved reserves figure. The aggregate of the estimated exploration and development costs incurred in the most recent financial year and the change during that year in estimated future development costs generally will not reflect total finding and development costs related to reserves additions for that year. Tamarack also calculates FD&A costs using the same method, but without eliminating the effects of acquisitions and dispositions. Funds flow from operations netback are calculated in compliance with the requirements of NI 51-101 by subtracting royalties, operating costs, general and administrative costs, realized gains or losses on financial instruments and interest from revenue. Recycle ratio is defined as operating netback per boe divided by F&D costs on a per boe basis. Reserves replacement ratio is calculated as total reserve additions (including acquisitions net of dispositions) divided by annual production. Reserve life index is calculated as Company gross reserves divided by average fourth quarter production annualized. This press release contains certain forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "plan", "intend", "ongoing", "future", "guidance", "position", "focus", "monitor", "target", "continue", "estimate", "expect", "may", "will", "project", "should", "could" or similar words suggesting future outcomes. More particularly, this press release contains statements concerning Tamarack's planned future drilling plans; first half of 2017 production range; first quarter 2017 exit production; and timing to bring wells on production. In addition, statements relating to "reserves" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Tamarack relating to prevailing commodity prices, the availability of drilling rigs and other oilfield services, the timing of past operations and activities in the planned areas of focus, the drilling, completion and tie-in of wells being completed as planned, the performance of new and existing wells, the application of existing drilling and fracturing techniques, the continued availability of capital and skilled personnel, the ability to maintain or grow the banking facilities and the accuracy of Tamarack's geological interpretation of its drilling and land opportunities. Although management considers these assumptions to be reasonable based on information currently available to it, undue reliance should not be placed on the forward-looking statements because Tamarack can give no assurances that they may prove to be correct. By their very nature, forward-looking statements are subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures); commodity prices; the uncertainty of estimates and projections relating to production, cash generation, costs and expenses; health, safety, litigation and environmental risks; and access to capital. Due to the nature of the oil and natural gas industry, drilling plans and operational activities may be delayed or modified to react to market conditions, results of past operations, regulatory approvals or availability of services causing results to be delayed. Please refer to Tamarack's annual information form (AIF) for additional risk factors relating to Tamarack. The AIF is available for viewing under the Company's profile on www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.


The Technical and Vocational Education (TVE) Market in North America to Grow at a CAGR of 4.13% during the period 2016-2020. The Technical and Vocational Education Market in North America 2016-2020 report covers the present scenario and the growth prospects of the Technical and Vocational Education Market in North America 2016-2020 for 2016-2020. To calculate the market size, the report considers both the direct revenue and the indirect revenue of the vendors. Get a PDF Sample of Technical and Vocational Education Market in North America 2016-2020 Research Report at: The report provides a basic overview of the Technical and Vocational Education Market in North America 2016-2020 including definitions, classifications, applications and market Sales chain structure. The Technical and Vocational Education Market in North America 2016-2020 report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing. Browse more detail information about Technical and Vocational Education Market in North America 2016-2020 at: Technical and Vocational Education Market in North America 2016-2020 Opportunities: With a purpose of enlightening new entrants about the possibilities in this market, this report investigates new project feasibility. Various details about the manufacturing process such as market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis and so on, is discussed in the report. Key players in Technical and Vocational Education Market in North America 2016-2020 2016-2020 The Technical and Vocational Education Market in North America 2016-2020 is divided into the following segments based on geography: In the end, the report makes some important proposals for a new project of Technical and Vocational Education Market in North America 2016-2020 Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Technical and Vocational Education Market in North America 2016-2020 industry covering all important parameters. Have any query? ask our expert @ http://www.absolutereports.com/enquiry/pre-order-enquiry/10338570 Key questions answered in this Technical and Vocational Education Market in North America 2016-2020 report What will the market size be in 2020 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? And Continue… Get Discount on Technical and Vocational Education Market in North America 2016-2020 Research Report at:http://www.absolutereports.com/enquiry/request-discount/10338570 About Absolute Report: Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market dedicated towards bringing you an ingenious concoction of data parameters.


News Article | December 15, 2016
Site: www.businesswire.com

OTTAWA, Ontario--(BUSINESS WIRE)--You.i TV, a global leader in video experience platforms, today announced You.i Engine One – a solution that enables media companies to halve the development effort involved in delivering VOD and TV Everywhere services across all form factors: phones, tablets and television screens. Pre-packaged and pre-configured, this launch continues the trend of You.i TV’s products making cross-platform app design and delivery more accessible for all. You.i Engine One gives brands and content owners unprecedented design flexibility in an out-of-the-box solution, and is pre-integrated with popular online video platform (OVP) backends to support the essential elements of VOD and TVE services. It was created to give media owners an advantage in the rapidly changing streaming video landscape. A study by Digital TV Research concluded that global OTT TV and video revenues will reach $51.1 billion in 2020, which represents a massive increase from the $4.2 billion recorded in 2010, and the $26.0 billion expected in 2015. To compete in this rapidly growing field, content providers need to deliver applications that can reach their customers cross platform, while managing the development effort and costs involved in doing so. Traditionally, launching new video applications natively across platforms forced tradeoffs in reach, user experience and time to market. You.i Engine One eliminates the need to settle, making premium video experiences faster, easier and more affordable than ever before. “We’ve been on mission to make great design and superior tech truly accessible from the start,” said Jason Flick, CEO for You.i TV. “You.i Engine One puts the boots to the unnecessary complexity around video apps today. Ultimately, freeing content owners to focus on the user experience makes good business sense.” You.i Engine One provides comprehensive end-to-end capabilities for video applications: You.i TV will be hosting demo meetings in their suite in the Wynn Encore Tower Suites at CES 2017 from January 4th until January 7th. You.i TV is a privately held company whose multi-screen video app platform enables TV and media companies worldwide to create fans, engage users and convert customers. The company’s You.i Engine allows brand owners to build personalized, profitable experiences quickly on all platforms - mobile devices, set-top boxes, consoles, and streaming devices - from a single code base. Organizations such as Turner Broadcasting, Sony, Rogers Communications, Corus Entertainment and the Canadian Football League are spearheading direct-to-consumer strategies using You.i TV-powered TV applications. You.i Engine has been licensed in major industry genres, including entertainment, kids, sports, and news. Visit us at www.youi.tv.


News Article | February 21, 2017
Site: www.marketwired.com

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 -- at the Tower Club Downtown Dallas DENVER, CO--(Marketwired - Feb 21, 2017) - Officially it may be winter, but for the oil and gas industry, the promise of spring started on Dec. 8, 2016. That's when WTI topped $50 and it has remained above that benchmark ever since, making asset development an economic business venture across many basins and global jurisdictions. Presenting companies will highlight asset development in key U.S. basins, Canada, Europe, Latin America On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors to kick the tires of about 40 publicly traded independent oil and gas companies and oilfield tech companies who are working to develop assets around the globe. The conference follows EnerCom's familiar 25-minute CEO presentation format, with Q&A opportunity in separate breakout room, plus one-on-one meeting opportunities (if requested in advance at the attendee login tab at the registration button on the EnerCom Dallas website; one-on-one meetings with company executives are reserved for buyside portfolio managers and buyside analysts, space permitting). EnerCom first Texas-based investment conference has already received more than 500 conference pre-registrations for the two-day event, and remaining registrations are limited. A few of the presenting companies include top-tier Marcellus producer Range Resources ( : RRC), largest Williston basin oil producer Whiting Petroleum ( : WLL), Permian basin producer Pioneer Natural Resources ( : PXD), global reservoir optimization leader Core Laboratories ( : CLB), Delaware basin turnaround growth story WPX Energy ( : WPX), Permian/Eagle Ford leader Sanchez Energy and global drilling products and services frontrunner Flotek Industries ( : FTK). Additional presenting companies that have joined the EnerCom Dallas roster include Haynesville/TMS/Eagle Ford producer Comstock Resources, Inc. ( : CRK), emerging Wattenberg player PetroShare Corp. ( : PRHR) and TMS/Haynesville producer Goodrich Petroleum ( : GDPP), and GeoPark Limited ( : GPRK) -- oil producer in Colombia, Chile, Argentina, Brazil, Peru. Other EnerCom Dallas presenting companies include privately held Stage Completions which is creating technologies to boost completions, increase production and help operators achieve better well economics. Privately held BetaZi is a big data services provider for oil and gas asset evaluation. In addition to E&Ps who are developing assets throughout North and South America and Europe, the conference presenters include a number of Canadian operators such as Strategic Oil and Gas (TSX VENTURE: SOG), Saguaro Resources (private), Blackbird Energy (TSX VENTURE: BBI), Tamarack Valley Energy (TSX: TVE) and Manitok Energy (TSX VENTURE: MEI) developing Montney, Cardium and other assets in Alberta, Saskatchewan and British Columbia. Conference Dates and Location: The EnerCom Dallas oil and gas investment conference is being held at the Tower Club in downtown Dallas on March 1-2, 2017. Conference Registration: EnerCom is open to registrations for EnerCom Dallas from the professional investment community at the conference website. One-on-One Meetings: EnerCom is currently scheduling one-on-one meetings for buyside institutions to meet with management teams at the EnerCom Dallas conference. Registered money managers and analysts from buyside institutions may request company meetings on the conference website after logging in at the "Attendee Login" tab. EnerCom Dallas Company Presenters: A complete work in progress list of presenters is available at the Presenter Schedule tab on the EnerCom Dallas conference website. EnerCom, Inc., founded in 1994, is one of the oil and gas industry's most respected energy-focused management consulting and communications firms. EnerCom founded The Oil & Gas Conference® in 1996 in Denver and since then the firm has hosted more than 40 energy-focused investment conferences in Denver, San Francisco, London and Dallas. Global sponsors of EnerCom's conferences are Credit Agricole Corporate & Investment Bank; Netherland, Sewell & Associates; Preng & Associates; Hein & Associates LLP; and PLS. Sponsors of EnerCom Dallas are Wunderlich Securities; Fifth Third Bank; DNB Bank ASA; Haynes and Boone; MUFG; and CIBC. Register today for EnerCom Dallas at the conference website. Founded in 1994, EnerCom, Inc. is a nationally recognized management consultancy firm advising and serving energy-centric clients on corporate strategy, asset valuations, investor relations, media and corporate communications and visual communications design. EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success. Headquartered in Denver, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, oil service, capital markets, and associated advanced-technology industries. EnerCom annually hosts two oil and gas investment conferences: Oil & Gas 360® (www.oilandgas360.com), founded and published by EnerCom, is an online energy-focused financial website written for the oil and gas industry and the professional investment community. Oil & Gas 360® covers daily energy financial news and developments within the global energy business. Subscribe to EnerCom/Oil & Gas 360®'s "Closing Bell Report" to stay abreast of key financial news in the oil and gas industry and the day's closing commodities prices and key indices, delivered to your inbox each weekday after the markets close. For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with one of our consultants. Credit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Credit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Credit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking. The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East. With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD. Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico. The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis. Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com. For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com. Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record. Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism. For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or ccarpenter@preng.com. For more than 30 years, Hein & Associates has been recognized as a leading accounting and advisory firm, where its people and clients share knowledge, thrive in a culture of teamwork, and build long-term relationships deeply rooted in integrity. With offices in Denver, Dallas, Houston and Irvine, Hein serves public and private companies in a variety of industries across the country. Hein is a member of two of the largest international associations of accounting and advisory firms, which allows us to provide seamless client care domestically and throughout the world. Hein is ranked as one of the "Top 100" accounting and advisory firms in the country by Accounting Today, and consistently recognized by Inside Public Accounting as a "Best of the Best" firm, an honor bestowed on only 25 firms each year, based exclusively on management performance. For more information, please contact James Brendel, CPA, CFE, Managing Partner, at jbrendel@heincpa.com or 303-298-9600. PLS was started in 1987 to adapt the real estate industry's highly effective MLS (multiple listing service) for the oil and gas industry. The firm takes its name from the simple concept of a "Petroleum Listing Service" but PLS has since expanded to provide operators and investors the information, marketing and advisory services they need to better manage their portfolios and facilitate profitable transactions. To that end, PLS publishes various listings, news and research reports; offers proprietary databases; hosts prospect and property expos; brokers and direct markets properties, prospects, overrides and midstream assets for sellers seeking additional services; and provides advisory and consulting services on an as needed or project basis. In total, over 2,000 independent companies and their 10,000+ professionals subscribe to one or more of PLS Core Reports, Regional Reports or Premium and Proprietary Databases. In addition, PLS divestment arm is one of the largest handlers of oil and gas asset sales in the mid to under market. Overall, PLS has handled over 900 projects worth an aggregate of $5.0 billion while its advisory arm has done over $1.0 billion in deals and continues to support clients in sourcing new opportunities and capital markets. For more information about PLS products or services, please visit www.plsx.com. Established in 1996 in Memphis, TN, Wunderlich Securities, a full-service brokerage firm, is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions. The Firm offers financial advisory, brokerage, equity research and investment banking services. Fixed Income broker services are provided through Wunderlich Securities Fixed Income Capital Markets and WunTrade divisions of Wunderlich Securities. The firm operates in 26 offices across 15 states and has more than 450 associated professionals. For more information, please contact R. Kevin Andrews, Managing Director, Investment Banking, at (713) 403-3979 or visit www.wunderlichsecurities.com. About Fifth Third Bank Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products. For more information, please contact Richard Butler at 713-401-6101 or richard.butler@53.com. DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore. Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors -- upstream, midstream, downstream and service -- as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging. For information on DNB's energy services, please visit the DNB energy website. Oil and gas is and has always been a volatile business, and today's environment is no exception. Haynes and Boone, LLP is an energy-focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. Evidence of our commitment to the industry is our opening of our Denver office this year to better serve our energy clients along with our existing offices in Texas, New York, California, Washington, D.C., Shanghai and Mexico City. Haynes and Boone lawyers from all offices work as a team to meet the legal needs of our domestic and international clients involved in oil and gas. We represent domestic and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting energy in the form of oil and gas and the banks, investment funds and other investors that support them. Our team of more than 100 energy lawyers, landmen and analysts understands the domestic and international physical and financial energy markets, and the firm has been helping both operators and lenders complete some of the largest financings in 2015/2016. With more than 550 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The Mitsubishi UFJ Financial Group (MUFG) is one of the world's leading financial groups, with total assets of approximately $2.3 trillion (USD) as of June 30, 2015. In 2014, MUFG integrated the U.S. operations of its subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) with those of San Francisco-based Union Bank, N.A. This combined entity -- MUFG Union Bank, N.A., allows us to better serve our individual, corporate, and institutional customers in the United States, Canada, and Latin America by offering expanded global capabilities. MUFG has been a leading provider of banking services to the oil and gas industry in the Americas for more than 30 years, consistently ranking in the Top 10 Lead Arrangers and Top 10 Bond Arrangers in the Thomson Reuters Oil and Gas League Tables. We support clients across the industry -- from regional exploration and production to global diversified services companies -- that benefit from our focused approach, strong execution, and customized services. For more information please visit https://mufgamericas.com/oil-gas. CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A+/Aa3 by S&P and Moody's, respectively. Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets. CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit the CIBC energy website.


LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include BlackPearl Resources, Painted Pony Petroleum, Tamarack Valley Energy, and Yangarra Resources. Get all of our free research reports by signing up at: http://www.activewallst.com/register/ At the close of the Canadian markets on Tuesday, February 21, 2017, the Toronto Exchange Composite index ended the trading session at 15,922.37, 0.53% higher from its previous closing price. The Energy Index was also in the black, closing the day at 207.98, up 1.19%. Active Wall St. has initiated research reports on the following equities: BlackPearl Resources Inc. (TSX: PXX), Painted Pony Petroleum Ltd. (TSX: PPY), Tamarack Valley Energy Ltd. (TSX: TVE), and Yangarra Resources Ltd. (TSX: YGR). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/ BlackPearl Resources Inc. Calgary, Canada headquartered BlackPearl Resources Inc.'s stock advanced 3.07%, to finish Tuesday's session at $1.68 with a total volume of 565,158 shares traded. Over the last one month and the previous one year, BlackPearl Resources' shares have gained 1.82% and 216.98%, respectively. Shares of the Company, which engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada, are trading above its 50-day and 200-day moving averages. BlackPearl Resources' 50-day moving average of $1.62 is above its 200-day moving average of $1.50. See our research report on PXX.TO at: http://www.activewallst.com/register/ Painted Pony Petroleum Ltd. On Tuesday, shares in Calgary, Canada headquartered Painted Pony Petroleum Ltd. recorded a trading volume of 459,740 shares. The stock ended the day 1.76% lower at $7.26. Painted Pony Petroleum's stock has rallied 95.16% in the past one year. Shares of the Company, which explores for, develops, and produces petroleum and natural gas resources in western Canada, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $8.57 is above its 50-day moving average of $8.09. The complimentary research report on PPY.TO at: http://www.activewallst.com/register/ Tamarack Valley Energy Ltd. On Tuesday, shares in Calgary, Canada headquartered Tamarack Valley Energy Ltd. ended the session 1.92% lower at $3.19 with a total volume of 1.38 million shares traded. Tamarack Valley Energy's shares have advanced 2.24% in the past one year. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin, are trading below its 50-day and 200-day moving averages. Furthermore, the stock's 200-day moving average of $3.43 is greater than its 50-day moving average of $3.31. Register for free and access the latest research report on TVE.TO at: http://www.activewallst.com/register/ Yangarra Resources Ltd. Calgary, Canada headquartered Yangarra Resources Ltd.'s stock closed the day 3.82% lower at $2.52. The stock recorded a trading volume of 93,867 shares. Yangarra Resources' shares have surged 18.31% in the last one month and 80.00% in the past three months. Furthermore, the stock has rallied 300.00% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $2.32 is greater than its 200-day moving average of $1.60. Shares of the Company, which explores, develops, and produces resource properties in Western Canada, are trading at a PE ratio of 17.75. Get free access to your research report on YGR.TO at: http://www.activewallst.com/register/ Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455693February 22, 2017 /AccessWire/ — LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include BlackPearl Resources, Painted Pony Petroleum, Tamarack Valley Energy, and Yangarra Resources. Get all of our free research reports by signing up at: http://www.activewallst.com/register/ At the close of the Canadian markets on Tuesday, February 21, 2017, the Toronto Exchange Composite index ended the trading session at 15,922.37, 0.53% higher from its previous closing price. The Energy Index was also in the black, closing the day at 207.98, up 1.19%. Active Wall St. has initiated research reports on the following equities: BlackPearl Resources Inc. (TSX: PXX), Painted Pony Petroleum Ltd. (TSX: PPY), Tamarack Valley Energy Ltd. (TSX: TVE), and Yangarra Resources Ltd. (TSX: YGR). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/ BlackPearl Resources Inc. Calgary, Canada headquartered BlackPearl Resources Inc.'s stock advanced 3.07%, to finish Tuesday's session at $1.68 with a total volume of 565,158 shares traded. Over the last one month and the previous one year, BlackPearl Resources' shares have gained 1.82% and 216.98%, respectively. Shares of the Company, which engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada, are trading above its 50-day and 200-day moving averages. BlackPearl Resources' 50-day moving average of $1.62 is above its 200-day moving average of $1.50. See our research report on PXX.TO at: http://www.activewallst.com/register/ Painted Pony Petroleum Ltd. On Tuesday, shares in Calgary, Canada headquartered Painted Pony Petroleum Ltd. recorded a trading volume of 459,740 shares. The stock ended the day 1.76% lower at $7.26. Painted Pony Petroleum's stock has rallied 95.16% in the past one year. Shares of the Company, which explores for, develops, and produces petroleum and natural gas resources in western Canada, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $8.57 is above its 50-day moving average of $8.09. The complimentary research report on PPY.TO at: http://www.activewallst.com/register/ Tamarack Valley Energy Ltd. On Tuesday, shares in Calgary, Canada headquartered Tamarack Valley Energy Ltd. ended the session 1.92% lower at $3.19 with a total volume of 1.38 million shares traded. Tamarack Valley Energy's shares have advanced 2.24% in the past one year. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin, are trading below its 50-day and 200-day moving averages. Furthermore, the stock's 200-day moving average of $3.43 is greater than its 50-day moving average of $3.31. Register for free and access the latest research report on TVE.TO at: http://www.activewallst.com/register/ Yangarra Resources Ltd. Calgary, Canada headquartered Yangarra Resources Ltd.'s stock closed the day 3.82% lower at $2.52. The stock recorded a trading volume of 93,867 shares. Yangarra Resources' shares have surged 18.31% in the last one month and 80.00% in the past three months. Furthermore, the stock has rallied 300.00% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $2.32 is greater than its 200-day moving average of $1.60. Shares of the Company, which explores, develops, and produces resource properties in Western Canada, are trading at a PE ratio of 17.75. Get free access to your research report on YGR.TO at: http://www.activewallst.com/register/ Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455693 Source URL: http://marketersmedia.com/research-reports-initiated-on-energy-stocks-blackpearl-resources-painted-pony-petroleum-tamarack-valley-energy-and-yangarra-resources-2/172296Source: AccessWireRelease ID: 172296


LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include BlackPearl Resources, Painted Pony Petroleum, Tamarack Valley Energy, and Yangarra Resources. Get all of our free research reports by signing up at: At the close of the Canadian markets on Tuesday, February 21, 2017, the Toronto Exchange Composite index ended the trading session at 15,922.37, 0.53% higher from its previous closing price. The Energy Index was also in the black, closing the day at 207.98, up 1.19%. Active Wall St. has initiated research reports on the following equities: BlackPearl Resources Inc. (TSX: PXX), Painted Pony Petroleum Ltd. (TSX: PPY), Tamarack Valley Energy Ltd. (TSX: TVE), and Yangarra Resources Ltd. (TSX: YGR). Register with us now for your free membership and research reports at: Calgary, Canada headquartered BlackPearl Resources Inc.'s stock advanced 3.07%, to finish Tuesday's session at $1.68 with a total volume of 565,158 shares traded. Over the last one month and the previous one year, BlackPearl Resources' shares have gained 1.82% and 216.98%, respectively. Shares of the Company, which engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada, are trading above its 50-day and 200-day moving averages. BlackPearl Resources' 50-day moving average of $1.62 is above its 200-day moving average of $1.50. See our research report on PXX.TO at: On Tuesday, shares in Calgary, Canada headquartered Painted Pony Petroleum Ltd. recorded a trading volume of 459,740 shares. The stock ended the day 1.76% lower at $7.26. Painted Pony Petroleum's stock has rallied 95.16% in the past one year. Shares of the Company, which explores for, develops, and produces petroleum and natural gas resources in western Canada, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $8.57 is above its 50-day moving average of $8.09. The complimentary research report on PPY.TO at: On Tuesday, shares in Calgary, Canada headquartered Tamarack Valley Energy Ltd. ended the session 1.92% lower at $3.19 with a total volume of 1.38 million shares traded. Tamarack Valley Energy's shares have advanced 2.24% in the past one year. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin, are trading below its 50-day and 200-day moving averages. Furthermore, the stock's 200-day moving average of $3.43 is greater than its 50-day moving average of $3.31. Register for free and access the latest research report on TVE.TO at: Calgary, Canada headquartered Yangarra Resources Ltd.'s stock closed the day 3.82% lower at $2.52. The stock recorded a trading volume of 93,867 shares. Yangarra Resources' shares have surged 18.31% in the last one month and 80.00% in the past three months. Furthermore, the stock has rallied 300.00% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $2.32 is greater than its 200-day moving average of $1.60. Shares of the Company, which explores, develops, and produces resource properties in Western Canada, are trading at a PE ratio of 17.75. Get free access to your research report on YGR.TO at: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include BlackPearl Resources, Painted Pony Petroleum, Tamarack Valley Energy, and Yangarra Resources. Get all of our free research reports by signing up at: At the close of the Canadian markets on Tuesday, February 21, 2017, the Toronto Exchange Composite index ended the trading session at 15,922.37, 0.53% higher from its previous closing price. The Energy Index was also in the black, closing the day at 207.98, up 1.19%. Active Wall St. has initiated research reports on the following equities: BlackPearl Resources Inc. (TSX: PXX), Painted Pony Petroleum Ltd. (TSX: PPY), Tamarack Valley Energy Ltd. (TSX: TVE), and Yangarra Resources Ltd. (TSX: YGR). Register with us now for your free membership and research reports at: Calgary, Canada headquartered BlackPearl Resources Inc.'s stock advanced 3.07%, to finish Tuesday's session at $1.68 with a total volume of 565,158 shares traded. Over the last one month and the previous one year, BlackPearl Resources' shares have gained 1.82% and 216.98%, respectively. Shares of the Company, which engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada, are trading above its 50-day and 200-day moving averages. BlackPearl Resources' 50-day moving average of $1.62 is above its 200-day moving average of $1.50. See our research report on PXX.TO at: On Tuesday, shares in Calgary, Canada headquartered Painted Pony Petroleum Ltd. recorded a trading volume of 459,740 shares. The stock ended the day 1.76% lower at $7.26. Painted Pony Petroleum's stock has rallied 95.16% in the past one year. Shares of the Company, which explores for, develops, and produces petroleum and natural gas resources in western Canada, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $8.57 is above its 50-day moving average of $8.09. The complimentary research report on PPY.TO at: On Tuesday, shares in Calgary, Canada headquartered Tamarack Valley Energy Ltd. ended the session 1.92% lower at $3.19 with a total volume of 1.38 million shares traded. Tamarack Valley Energy's shares have advanced 2.24% in the past one year. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin, are trading below its 50-day and 200-day moving averages. Furthermore, the stock's 200-day moving average of $3.43 is greater than its 50-day moving average of $3.31. Register for free and access the latest research report on TVE.TO at: Calgary, Canada headquartered Yangarra Resources Ltd.'s stock closed the day 3.82% lower at $2.52. The stock recorded a trading volume of 93,867 shares. Yangarra Resources' shares have surged 18.31% in the last one month and 80.00% in the past three months. Furthermore, the stock has rallied 300.00% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $2.32 is greater than its 200-day moving average of $1.60. Shares of the Company, which explores, develops, and produces resource properties in Western Canada, are trading at a PE ratio of 17.75. Get free access to your research report on YGR.TO at: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas - E&P industry. Companies recently under review include BlackPearl Resources, Painted Pony Petroleum, Tamarack Valley Energy, and Yangarra Resources. Get all of our free research reports by signing up at: At the close of the Canadian markets on Tuesday, February 21, 2017, the Toronto Exchange Composite index ended the trading session at 15,922.37, 0.53% higher from its previous closing price. The Energy Index was also in the black, closing the day at 207.98, up 1.19%. Active Wall St. has initiated research reports on the following equities: BlackPearl Resources Inc. (TSX: PXX), Painted Pony Petroleum Ltd. (TSX: PPY), Tamarack Valley Energy Ltd. (TSX: TVE), and Yangarra Resources Ltd. (TSX: YGR). Register with us now for your free membership and research reports at: Calgary, Canada headquartered BlackPearl Resources Inc.'s stock advanced 3.07%, to finish Tuesday's session at $1.68 with a total volume of 565,158 shares traded. Over the last one month and the previous one year, BlackPearl Resources' shares have gained 1.82% and 216.98%, respectively. Shares of the Company, which engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada, are trading above its 50-day and 200-day moving averages. BlackPearl Resources' 50-day moving average of $1.62 is above its 200-day moving average of $1.50. See our research report on PXX.TO at: On Tuesday, shares in Calgary, Canada headquartered Painted Pony Petroleum Ltd. recorded a trading volume of 459,740 shares. The stock ended the day 1.76% lower at $7.26. Painted Pony Petroleum's stock has rallied 95.16% in the past one year. Shares of the Company, which explores for, develops, and produces petroleum and natural gas resources in western Canada, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $8.57 is above its 50-day moving average of $8.09. The complimentary research report on PPY.TO at: On Tuesday, shares in Calgary, Canada headquartered Tamarack Valley Energy Ltd. ended the session 1.92% lower at $3.19 with a total volume of 1.38 million shares traded. Tamarack Valley Energy's shares have advanced 2.24% in the past one year. Shares of the Company, which engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin, are trading below its 50-day and 200-day moving averages. Furthermore, the stock's 200-day moving average of $3.43 is greater than its 50-day moving average of $3.31. Register for free and access the latest research report on TVE.TO at: Calgary, Canada headquartered Yangarra Resources Ltd.'s stock closed the day 3.82% lower at $2.52. The stock recorded a trading volume of 93,867 shares. Yangarra Resources' shares have surged 18.31% in the last one month and 80.00% in the past three months. Furthermore, the stock has rallied 300.00% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $2.32 is greater than its 200-day moving average of $1.60. Shares of the Company, which explores, develops, and produces resource properties in Western Canada, are trading at a PE ratio of 17.75. Get free access to your research report on YGR.TO at: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. 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