Tourmaline Oil Corp (Alberta) T.TOU

It's struggling

[ngtraderng]

Even with NG up 12% today, TOU can barely stay above water. Something is rotten.

[zforzebra]

I find the day before the ex-dividend is usually a fairly suppressed day for most stocks.

[integrity11]

A very nice increase today for Tou with it closing up to 82.27. Now the question is whether Tou will close at $2.25 less at ex dividend . That would bring it to $80.02. Seems like many on this board think it will drop by the $2.25. Imo there may be s short term drop of ~$1.00 but in a weeks time will be back to at least todays closing. I guess we will know soon.

[realcdn]

Not sure why this is such a difficult concept for you to understand. After the close, yes,TOU is worth exactly $2.25 less per share, as the dividend has now been booked as a liability on the balance sheet and stock valuation should be adjusted accordingly. 

[integrity11]

I agree with you on what the paper value should be after the ex dividend  date. But the actual trading value is what is truly important.  Will it trade $2.25 lower in coming days or will it trade lower for a few days then recover the full $2.25 . That is what I hope as an investor happens.  Then we can also enjoy our dividend cheque. We got the best of both worlds after the last $2

[GunnerG]

Question answered?  Watch the next few days.