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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

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

Comment by CM3on Mar 05, 2022 7:07am
253 Views
Post# 34486208

RE:Buyout in about two years

RE:Buyout in about two yearsDo the math. They would need really big pockets even at today's price. More importantly, the Canadian government would have to approve it and they never would. They have 33 million people to keep warm for 6 months of the year. Safe to say the whole point of TOU taking the unusual step, at the time, of handing out dividends is that long time share holders were complaining that there was no point in holding it , since nobody would have the cash or regulatory sway to buy Tou and it wasn't generating income. If anything, Tou needs to up it's regular dividend now. Once they pay off debt, I'd think they can sustain something better.
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