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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 News Maybe Tomorrow?
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Comment by GunnerGon Jan 25, 2024 9:49pm
221 Views
Post# 35846336

RE:RE:Special Dividend News Maybe Tomorrow?

RE:RE:Special Dividend News Maybe Tomorrow?Maybe a small or no special dividend, probably announced with results.  Remember TOU considers  M&A an allocation of FCF.  The December Bonavista closing was $725M in cash.

Per January Presentation:

Alongside dividends, free cash flow will be allocated towards: (1) maintaining a pristine balance sheet, (2) high return infrastructure investment opportunities (3) accretive bolt on M&A (4) modest exploration


Eastbank wrote: Probably waiting for the cash till to fill a little higher following the warmer Winter weather.( and lower commodity prices) Just have to remain patient! GLTA 


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