The Globe and Mail reports in its Friday edition that BMO analyst Jeremy McCrea reinstated coverage on Tamarack Valley Energy with a "market perform" rating and $4 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.83. Mr. McCrea says in a note: "Tamarack has been one of the most acquisitive E&Ps over the last few years. The repositioning into the Charlie lake and Clearwater has materially improved the company's inventory duration, as well as its go-forward profitability. Unfortunately, with much of these acquisitions funded with debt, we're likely to see a slow-down in organic growth as the company rebuilds its balance sheet. Over the longer term, as long-lead infrastructure costs diminish and waterfloods take hold, Tamarack Valley should show good full-cycle economics in these robust plays that would likely bring in new investors." The Globe reported on Dec. 9, 2022, that Mr. McCrea had cut Tamarack to "outperform" from "strong buy." The shares were then worth $4.34. The Globe reported on Oct. 31, 2022, and March 1, 2024, that Stifel analyst Cody Kwong continued to rate Tamarack "buy" when it could be had for $6.08 and $3.36.