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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.


TSX:TOU - Post by User

Comment by integrity11on Mar 03, 2024 10:13pm
123 Views
Post# 35912464

RE:RE:RE:RE:Replace Special Div. With $1.25 Quarterly Div?

RE:RE:RE:RE:Replace Special Div. With $1.25 Quarterly Div?Definitely my opinion Condor. Tou for being what I believe is NA's best NG producing company experiences too much volatility which I think can be significantly reduced by having a steady, reliable great dividend. Sure the share price will still be impacted by weather/natural gas demand but I think will not be affected as much by the shorting practices of hedge funds and large investment corps.

Tou is my largest Oil and NG investment so I fortunately have benefitted from Special Dividends, but am tired of seeing the hedge funds and others successfully shorting this great company. Hopefully the will eat their shorts very soon with or without special dividends.
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