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Bullboard - Stock Discussion Forum 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... see more

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > Two opposing activities baffle me, if there is a leak about
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Post by CriticalMind55 on Jan 18, 2024 9:56pm

Two opposing activities baffle me, if there is a leak about

the SD, and is negative, that would explain the recent decline along with the NG supply situation, then there is insider buying before the SD announcement, are we going to be pleasantly surprised or unpleasantly disappointed tomorrow?
Comment by vwbusman on Jan 19, 2024 7:01am
I really don't see how they can put out $1 per share for the special distribution.  Or, if they do, it will be the last time for while.  While their varied marketing and price realization is quite good, they are going to have to be conservative due to the hit NG prices have taken
Comment by CriticalMind55 on Jan 19, 2024 8:24am
Based on the CIBC atricle and the US chat rooms, my guess for the SD would be .20 - 1.25/sahre.  I hope it is not .20, that would be a nothing buger event.
Comment by 1condor on Jan 19, 2024 12:09pm
vwbusman...agree. The 1 dollar per share for a special distribution would be way to aggressive. More likely half that. TOU will climb back as NG stabilizes over the coming weeks. Still believe we see 70-75 again this year...with maybe 80 bucks if all the stars line up.