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) > $30

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Comment by realcdnon Jan 25, 2022 2:33pm

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Post# 34359105

RE:RE:RE:RE:RE:RE:RE:$30

realcdn wrote:

bmeister2 wrote: But worth less to whom? As a shareholder I don't want it to drop, and oil is up 2 bucks today so what is keeping it down today but not last Friday? Somebody is gaining on tou down but it ain't me. Something still smells fishy. Somehow, it is kept down to reflect lost cash due to divvy but I just don't know how or who controls that but big time interests who gain from this.

It's not perspective or question of to whom. It's a matter of fact. The second after the market closes prior to ex-dividend day, the company value has decreased by the amount of the dividend. Full stop. After that, all other market forces such as price of oil/gas and politics etc., take over and the market revalues the stock at opening the next day, but also taking into account that the dividend is being paid to all shareholders of day before.

Just an extreme example to illustrate. If a TOU managed to lever itself equal to its market cap (i.e. borrow say $14B), then immediately declare a dividend in equal amount; then the last day prior to ex-dividend day, the company would be worth zero, as all the capital would have been stripped from the company and distributed to existing shareholders.