Tourmaline Oil Corp (Alberta) T.TOU

Dividend Yield

[Squint1]

.....and gas sales at LNG prices for approx. 5 times the Henry Hub price to come in Q1.

Regular Dividend (.25 x 4)	$1.00
Special Dividend (2.00 x 4)	$8.00
	$9.00
Current Share Price	$59.72
Dividend Yield	15.07%

[RJboxer]

Very valid point, but targeting 4 x $2 Special dividends in 2023 is overly optimistic imo.

[Lupuslupus]

TOU is estimating FCF of $7.66 for 2023 with 50-90% returned to shareholders so this year the special divis will more than likely be under $2.00/share anyway, if you're an investor you really have to see what they are building longer term

[JohnSP]

Indeed, latest quarterly Special Div was CAD2.00 vs previous of CAD2.25, so TOU has already shown their willingness to lower as well as raise and hold flat. That said even TOU's FCF forecast for 2023 of CAD7.66 is highly variable given natural gas prices, but condensate prices are good!

[RJboxer]

I hold 2 energy stocks, TOU & WCP.  The TOU position is 4x the WCP position.  I see what they are building.

[Lupuslupus]

If you see what they are building, with a little patience, Mr Rose will make you a very happy shareholder i can speak twice over with Berkley Petroleum and Duvernay