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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) > Special Dividend News Maybe Tomorrow?
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Post by CriticalMind55 on Jan 25, 2024 7:29pm

Special Dividend News Maybe Tomorrow?

This one is taking longer, is it because of some management changes or recent developments or both I wonder.
Comment by Eastbank on Jan 25, 2024 7:37pm
Probably waiting for the cash till to fill a little higher following the warmer Winter weather.( and lower commodity prices) Just have to remain patient! GLTA 
Comment by GunnerG on Jan 25, 2024 9:49pm
Maybe a small or no special dividend, probably announced with results.  Remember TOU considers  M&A an allocation of FCF.  The December Bonavista closing was $725M in cash. Per January Presentation: Alongside dividends, free cash flow will be allocated towards: (1) maintaining a pristine balance sheet, (2) high return infrastructure investment opportunities (3) accretive bolt ...more  
Comment by CriticalMind55 on Jan 26, 2024 9:17am
Smaller than last year this time which was $2, but there will be one as per all the press releases talking about 4 regular and 4 Specail.  This year I am guessing 0.5 - 1.25 max.
Comment by GunnerG on Jan 26, 2024 10:34am
Small as compared to the most recent of $1.00.  Less than .50. Don't get me wrong, I am ok to use the usual $1.00 SD to be used for the cash portion of Boni.