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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 7Twiggyon Feb 13, 2024 12:52pm
405 Views
Post# 35877885

RE:Dividend

RE:DividendYou obviously have not been following the company very closely.  Two weeks ago the company announced it would be paying the dividend plus 4 special dividends. IIMO stock is down basically the result of lower natural gas prices.  Hardly think the President would be buying large amount of
TOU stock if this were going downhill.  In my mind the only question is about the bottom. Most likely more like me, hoping it will drop a little before getting the cash to add a little more. With the large funds
sniffing around it will be hard to get back in at these levels once the stock starts the climb back up.
Don't think we will have to wait very long for the next result update.
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