Tourmaline Oil Corp (Alberta) T.TOU

In the light of the latest press release

[Alex69]

So Tourmaline is selling Topaze's shares and getting heluva lots of cash, looks like the market likes the idea, does anyone can elaborate on the possibel outcomes of this, obviously all this cash can be used for dividends or share buybacks ..?

[Lupuslupus]

This is what they're using the proceeds for Tourmaline is selling the Common Shares as part of a long-term plan to reduce its equity position as Topaz develops and continues to succeed as an independent royalty and infrastructure company. Tourmaline will use the net proceeds of the Offering in part to fund its planned extensive NEBC infrastructure build-out, which is expected to add over 150

[BigJake]

The press release states the money will be used for infrastructure in the Monteny