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Bullboard - Stock Discussion Forum 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... see more

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > Still a solid performer
View:
Post by 7Twiggy on Mar 06, 2024 6:38pm

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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