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) > TOU has cash

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Comment by GunnerGon Dec 13, 2023 2:55pm

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Post# 35782808

RE:RE:TOU has cash

It may help you both to have a look at the dividend/special dividend history for the past two years and also the corporate presentations, zero in on FCF and what TOU plans to do with those funds.

NoShoesNoShirt wrote:
SadieLadyCO wrote: a lot of it....Maybe to catch any shorts make a special divy of $1.00 or $2.00 watch the price climb to over $70 in a day...lol

That would backfire like Yosemite Sam's shotgun. Yes it would hurt the shorters, but then the company is short of cash and the longs get hurt.

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