Bonterra Energy Corp T.BNE

Tourmaline $2 Special Dividend

[bandit69]

This is how it's done. https://mobile.twitter.com/SadBillAckman/status/1552401365057425409 I realize ROC is coming here...some year....but I keep wondering if they'll start conservatively at a ridiculously low level. I realize, and agree with church that they were paying out too much in dividends before, I even wrote about it several years ago even prior to dividend cuts and I certainly don't want them to go down that road again but the float is 36MM shares. Easy to pay $2 minimum to start with cash left over for special dividends although I still prefer an outright sale of the company.

[snowshoedb]

I look forward to the dividend. Many of BNE's previous shareholders were retirees who depended on the dividend. If that's the model they continue to employ Then I would stick around.  The dividend would provide similar cash to my take home pay… Even better since it's sitting in my TFSA

[churchofnutsacc]

Isn't it amazing the things you can do when you are DEBT FREE. Congrats to Tourmaline and their shareholders.

[bandit69]

They aren't debt free but no net debt.  And they've been paying dividends even while carrying debt but it is obvious they could.   This one is like a nightmare and when I can get out I will.  scratches for pennies then drops dimes in a heartbeat.  My own view is the won't be paying a spectacular dividend here even when they are free of banks.  I'd