RE:RE:RE:special dividend Tourmalines latest earnings were so amazing that the current P/E of 7.8 is lower now at the current price of $50 than the P/E was when Tourmaline traded at $40. In comparison, Enbrige trades at a P/E of 20 and CNQ trades at a P/E of 12. All very different companies however I wouldn't make the argument that TOU's business model is far better than ENB and CNQ
In 2020 when NG was $1.50, Tormaline was reporting excellent earnings.. NG is now about $5.
TOU even at its current price is still only trading at 1.4 x BV. In comparison, ENB is trading at 2.2 x BV, CNQ is trading at 2.4.
I think its safe to say Tourmaline will follow through with their statement of furute special dividends. Making over 2 billion in net earnings is absolutely amazing and 2022 will net even higher earnings.