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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 JohnSPon Mar 12, 2023 7:43pm
194 Views
Post# 35333782

RE:Note: X date is TUESDAY MARCH 14th

RE:Note: X date is TUESDAY MARCH 14thLast year's second Sepcial Dic was announced with Q2 Results on May 4, suspect we have to wait until then. I'm expecting next will be much lower at CAD0.75 per quarter based on latest Corp Pres slide 8 Free Cash Flow Per Share bar graph: https://tourmaline.cdn.prismic.io/tourmaline/925c5112-8e42-45c0-a588-8e308afbcad7_Tourmaline-Oil-Corp-Overview-March.pdf

Total expected 2023 divs:
1) Feb 1 Special = CAD2.00
2) Three more Specials at CAD0.75
3) Four Base Divs at CAD0.25
Total = CAD5.25 for current yield of 9.1%.

But lots of upside in natural gas price and suspect Shell will buy them out one day as natural gas and supply to BC LNG.


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