Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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. 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

Comment by uwebb429on Apr 13, 2023 4:13pm
144 Views
Post# 35393884

RE:RE:RE:Dividends are dropping

RE:RE:RE:Dividends are dropping Any future special dividends have not yet been announced. Why are you complaining about something that has not yet happened?

Last year the first special dividend was only $1.25 and the first regular dividend was $0.20. This year the first special dividend was $2.00 and the regular dividend was $0.25. Do the math. The dividends paid out so far this year have increased significantly compared to the same time period last year. The yield has also increased.

Trying to enlighten us by talking this stock down is not working. TOU is up 14% since the March low last month. The dividend yield for 2023 will likely be somewhere around 10%. Many analysts are calling for a further share price appreciation of 30% compared to where TOU is trading at today. Sitting on the sidelines is proving to be a big mistake. 
<< Previous
Bullboard Posts
Next >>