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Peyto, Tourmaline Oil shares reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| April 10, 2013

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Peyto Exploration and Development Corp. (TSX: T.PEY, Stock Forum) briefly hit $28.20 on Wednesday before closing at $28.19, for an increase of 3.2%.

On March 15, the Alberta focused oil and natural gas company confirmed a monthly dividend with respect to March 2013 of $0.06 per common share is to be paid on April 15, 2013, for shareholders of record on March 31, 2013.

The second company to make the 52-week high list was Tourmaline Oil Corp. (TSX: T.TOU, Stock Forum). The stock hit a new peak of $40.15 before closing at $39.73, up 1.4%.

On March 19, the intermediate crude oil and natural gas company said it had achieved exceptional growth in reserves (69%), production (64%) and cash flow (16%) in 2012 while delivering strong profitability in its year-end financial results.



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