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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

Post by retiredcfon Apr 30, 2024 6:10am
281 Views
Post# 36014089

Stockchase Insights

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Tourmaline Oil Corp(TOU-T)
29/04/2024
 
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
"Regular" dividends are 30c quarterly, for a yield of 1.7%. However, TOU pays a special dividend approximately every four months as well, and we have tried to capture that in the yield, as it has done this for four years in a row and intends to keep doing so. In the past year TOU has paid special dividends of 50 cents (March 2024), $1.00 (November 2023), $1.00 (August 2023) and $1.50 (May 2023). 
 
Oil / Gas
 
$69.120
 
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