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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 Lupuslupuson Mar 02, 2023 8:28am
494 Views
Post# 35314548

Anticipated special divis for 2023

Anticipated special divis for 2023Looks like at current pricing the special divis for 2023 will be a lot smaller than for 2022

the company expects fcf for 2023 to be $5.72 for the year and if they return 50-90% of fcf that will work out to special divis being from $0.50-$1.00 plus the regular div of $1.00 annually

the big prize will be when LNG Canada is completed and put into operation. They are ahead of schedule and anticipated to be complete by end of 2024. In the meantime they continue to drill and grow output, which will put them in a sweet spot when LNG opens up 

Then maybe a buyout, going by Mike Roses track record. That's when CHACHING happens
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