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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) > Special Dividend
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Comment by GunnerGon Oct 31, 2022 1:07pm
221 Views
Post# 35060520

RE:RE:RE:Special Dividend

RE:RE:RE:Special Dividend2023 FCF going up as Jan1, 2023 TOU starts to access JKM prices.

I would think a special divy of $1.85 - $2.00 will be coming.  Prices are down for the quarter but production is up slightly.



JohnSP wrote: I suspect they will keep the quarterly Special Dividend at CAD2.00, even though product prices are down in Q3, it would be hard for TOU to lower the Special Div after announcing higher Cash Flows in 2023: https://tourmaline.cdn.prismic.io/tourmaline/767d18a3-a2d1-4865-8f9e-83f9321eba1e_Final-Tourmaline-Q3-2022-Press-Release.pdf


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