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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 realcdnon Jan 23, 2023 6:19pm
177 Views
Post# 35240966

RE:Delusional!

RE:Delusional!

You must be new here. This is standard practice and nothing to get your panties in knot over. 

Today is ex-dividend date. The company booked a $2/share liability on its balance sheet immediately after closing on Friday. The exchanges adjust the closing price accordingly.

In a vacuum, if nothing else affected the the market value of the stock, it is going to be worth exactly $2 less per share at open on ex-dividend day. If the market thought that TOU was undervalued and/or somehow gain in value over the weekend, it would be reflect in todays market action.

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