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 Dividends

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Comment by fishcarrieron Dec 28, 2022 10:56am

2153 Views

Post# 35193507

RE:Special Dividends

Yes, with Tourmaline my main holding throughout 2022 it's been a phenomenal year (and indeed it was Stelco last year). I was able to take out $100,000 and give my 5 kids a nice Christmas gift. I don't expect 2023 to be as good as this one, but then you never know. With LNG sales, this could continue to be the goose that lays the golden egg. I need a little more cash because the tax man cometh.

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