Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. 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. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Can TOU do the same thing SU did to dividends?

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Comment by CM3on Oct 29, 2021 3:21am

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Post# 34061942

RE:RE:Can TOU do the same thing SU did to dividends?

Did they not just do a special divi ? Maybe they favour caution. Who wants to ever have to roll back divis ? Mike Rose is the smartest guy in the oil patch. Whatever he does will be the appropriate move. In fact I'm surprised Suncor didn't build a war chest and try to take TOU out. I used to say there aren't too many companies big enough to take TOU but that was before the price of oil and natgas were what they are now.

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