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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

Post by gilllison Apr 21, 2022 11:05am
180 Views
Post# 34620163

Special dividend

Special dividendno one of us knows if there will be a special div paid based on the very good results announced in early March.  I personnally expected a material one to be announced this week but as l said on few occasions on this board (and also commenting on PMT and RBY), l expect a move by TOU on these 2 companies. If TOU choose to acquire these companies or others, the company's FCF will be used to fund these acquisitions instead of being paid as special dividend. But it will only serve to fund further special dividends in coming quarters. 
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