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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 idleweisson Mar 05, 2022 12:11pm
202 Views
Post# 34486806

RE:RE:Buyout in about two years

RE:RE:Buyout in about two years
They are not planning to pay off debt. So the regular dividend will not be increasing. There are morons on this board like GunnarG who think that that's ok because they have moved the bank debt to the line of credit. This stock is being shorted in between the payment of special dividend because people know that the price will drift after the special dividend has been declared. Jump out after the special dividend and jump back in before earnings release. That's if you are not shorting.
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