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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

Post by 7Twiggyon Mar 06, 2024 6:38pm
282 Views
Post# 35919286

Still a solid performer

Still a solid performer
I did a fair bit of research before adding TOU.  Could not find one that I felt was better.  Thought the dividend would be between 50 to 100, leaning more
towards 50. Never thought the regular dividend would increase.  Think a lot of the folks thinking of selling already did so after Paramount reported. 
There was a real knee jerk reaction to their results and Paramount was  down over 13% at one point. Started to come back nicely at the end of the day. Couldn't 
resist adding some Paramount almost at the bottom.  Paramount declared a .125 dividend. I could not find any mention of a special dividend, but I know they
have issued them in he past. Tourmaline took a Paramount hit early in the day but came back nicely in the last half hour. Most likely will see some 
selling pressure early in the morning, however, I think a lot of it has already happened.  I think one still has to watch this stock during the lower natural gas
environment, but is a good one to put into a TFSA and a small portion in a RESP.
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