Tourmaline Oil Corp (Alberta) T.TOU

Special dividend

[houbahop]

too funny to see some are still waiting for a special dividend.

[newtonboy]

From their recent release: "Tourmaline plans to pay four quarterly special dividends in 2024 in addition to the quarterly base dividend of 28 cents per share, while also maintaining the net debt (3) to cash flow (4) target of between 0.25 and 0.35 times by year-end 2024. The company has determined to commence a process to sell the Duvernay assets, which were acquired pursuant to the

[Eastbank]

Right on Newtonboy! Mike has committed to it, so it will happen. Maybe coincide with the quarterly payments, or sooner upon sale of some of the unwanted Bonavista assets.

[SadieLadyCO]

The SD will be .25 to .35

[houbahop]

Exactly! There won't be any redistribution of extra cash flows from 23'Q4. It would have been declared with the last PR if any. Check previous years announcements.

[newtonboy]

By checking the dividend dates from TOU 's dividend report it clearly indicates that 4 (four) Special dividends were paid in 2023. The first of four for this business year 2024 has, as everyone knows, not been announced as of yet. I'm guessing there is presently alot on their business plate which likely will determine the amount. Could be less than the past but what's important is any

[Lupuslupus]

Some people have their own agenda or are just plain ignorant and comment before getting informed    

[GunnerG]

They coulda, woulda, shoulda declared it with the last PR.  Heaven forbid they change things up and confuse you. Given the SD may be much less than the usual $1.00 Mike may have decided to announce it with the quarterly results and explain the next day.  I don't know, just like you don't. Maybe they bought shares with all the FCF because of the low share price.  They