Tourmaline Oil Corp (Alberta) T.TOU

Special dividend

[fishcarrier]

Happy New Year everyone!  If things proceed as in the past, Tourmaline might declare a special dividend on Jan. 16 - 2 weeks from today. Any guesses how big/small this might be? I don't expect anywhere near the 2.25 we had in November. Maybe half that? $1.25-1.50? 

And what does the future hold? We're nnot getting any winter to speak of, although February could be brutal. Should we be more in oil than gas? Any other great thoughts?

[Evenkeel123]

This post has been removed in accordance with Community Policy

[Evenkeel123]

This post has been removed in accordance with Community Policy

[Billybabin61]

Below is from their Nov Corp Presentation which speaks to giving specail dividends during periods of high commodity prices, so not the environment now. That is not to say it won't happen, they do hedge some positions. As we move along if you look at this prestantion/guidance in its entirety which is not included here, they will be awash in free cash flow /share in the comong years.: The

[og1959]

I expect the dividend announcement will be more like early March after Q4.  The first 2 specials were the month after the quarter end but after that they made it after the quarter was announced. You may be surprised to see dividend is not much lower, if at all.  The NYMEX price is lower but AECO is higher- AECO was brutal in Q3 due to maintenance.  TOU has several market and NY is

[JohnSP]

og1959 good point, indeed last two Specials were announced concurrent with quarterly results. I'm in same camp of CAD2.25 for Q4's Special Div, same as Q3's. I was a bit surprised they raised it last quarter with lower (bit still good) commodity prices.