Tourmaline Oil Corp (Alberta) T.TOU

No sign of the special dividend news, did they change their

[CriticalMind55]

mind? are they going to make an acquirsition instead like RBY :) or buy back shares?

maybe speaking too soon...

[fishcarrier]

They may combine any special dividend news with their NR when they announce their earnings, early May - some have suggested. 

[balducci]

The last Special Dividend declaration dates were Sept. 22, 2021, and Jan. 17, 2022. Almost 4 months between them. So, maybe expect news in mid-May?  https://www.tourmalineoil.com/investors/dividends

[gilllis]

they said they would return excess free cash flow on a quaterly basis. Quarterly means every 3 months. I expect a special divi to be announced tonight or tomorrow am. If they do not proceed, imho, it means they are caught trying to finalise a transaction that would divert some of the free cash flow that would otherwise be handed out as special divi. Without a transaction, l expect a divi od the

[realcdn]

The stock is sure acting like a special dividend announcement coming soon!

[balducci]

Where did you see that? FWIW, I reviewed the last earnings call, and there was no such statement made in it. There was a committment to return the majority of annual free cash to shareholders, but no quarterly timetable was set.  Still, I do expect a special dividend sooner than later. For it to be quarterly would certainly make sense to me. 

[gilllis]

you re right. A special divi is not in anyway a quarterly obligation but since, in the current pricing environment, they make tons of free cash flow and since they report their results on a quartlery basis and since they committed to return most of that cash flow to shareholders, it is reasonnable to expect that return will take place on a regular (imho=quartlery) basis until the pricing

[GunnerG]

I do not recall special divi's announced as quarterly.   A quote from the Q4 financial statements:  "On a go-forward basis, the Company intends to return the vast majority of cash flow less capital expenditures back to shareholders which will be achieved through continued modest and sustainable base dividend increases, special dividends when appropriate, and tactical share

[Dogsbreakfast4U]

The last SD was announced on 17 January and was payable to shareholders of record on 25 January (7 business day) . The SD was paid on 1 February (5 business days later). We could very well have a SD announcement tomorrow declaring it payable to holders of record on 29 April (7 business days). It could be paid on 6 May (5 business days later). The 1st quarter report will be on 4 May after the

[integrity11]

Many good points on the highly anticipated Special Diviidend. I anticipated an announcement on April 20 and payable on May 1. Obviously that did not happen, but I am still in the camp that feel confident we will see a special dividend announced very soon. Tou could opt to come out with an exceptional Q1 report on May 4, and follow up with an impressive Special Dividend within another few days to