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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Energy Oil & Gas E&P
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

Tourmaline Oil Corp (Alberta) > Special dividend
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Comment by CriticalMind55on Apr 21, 2022 1:04pm
139 Views
Post# 34620825

RE:Special dividend

RE:Special dividend
gilllis wrote: no one of us knows if there will be a special div paid based on the very good results announced in early March.  I personnally expected a material one to be announced this week but as l said on few occasions on this board (and also commenting on PMT and RBY), l expect a move by TOU on these 2 companies. If TOU choose to acquire these companies or others, the company's FCF will be used to fund these acquisitions instead of being paid as special dividend. But it will only serve to fund further special dividends in coming quarters. 



So based on this post, load up on RBY; the premium paid for acquiring RBY will probably more than offset the forgone special dividend.

Just speculating of course...
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