Tamarack Valley Energy (TVE) ran 7% on the back of its $804M Charlie Lake divestiture, which pushes the company into a $125M+ net cash position…

… supporting a 25% dividend increase, continued buybacks…

… and the flexibility to ramp up CapEx in the Clearwater, with management sharing an appetite to pull forward wells if oil stays elevated - given the team expects 2+ barrels of secondary recovery (via waterflood) for every primary barrel.

More interesting than that is what comes next, with $1.3B of available liquidity and a number of public neighbours like Headwater (HWX) and Rubellite (RBY)…

… that could become acquisition targets, especially if TVE shares re-rate - freeing up the equity as a potential financing source.

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