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Bullboard - Stock Discussion Forum 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... see more

TSX:TOU - Post Discussion

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Post by SadieLadyCO on Feb 28, 2024 1:44pm

I beleive

We break $61.00 this week...Maybe more but, $61 is good.
Comment by 7Twiggy on Feb 28, 2024 2:55pm
I think 61 is very doable this week, but could be a lot more particularly in the week to come. "Tourmaline plans to pay four quarterly special dividends in 2024 in addition to the quarterly base dividend of $0.28/share, while also maintaining the net debt(3) to cash flow(4) target of between 0.25 and 0.35 times by year-end 2024. The Company has determined to commence a process to sell the ...more  
Comment by 1condor on Feb 29, 2024 10:29am
I am surprised how much CNQ has outperformed TOU over the last few months. CNQ is within a hair of its 52 week high while TOU is not even close. I do realize TOU is more of a gassy play but still the gap is significant. I suspect TOU will play some catchy up and is due for a good run in the short term.
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