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Tourmaline Oil Corp. (TOU.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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66.93-1.64 (-2.39%)
At close: 04:00PM EDT
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  • N
    Neil
    The fact natural gas is holding well above $US6 with the Freeport terminal shut down, bodes well for fall & winter pricing. Europe will need LNG this heating season, and North American gas will go to where the price is highest if there is a way to get it there. TOU is tied in well to the US and will start selling in to Asia via Chenierre in January -- they've hedged a small volume at $US20 which speaks to how lucrative the market is getting in natural gas and LNG.
    And then there's Canada ... bigger natural gas reserves than Australia, which has 10+ LNG terminals. Canada = zero. Our politicians and environmental stewards can take a bow and be smug in the realization that having stymied and delayed Canada's entry to LNG exports on both coasts, Putin is continuing to fill his war chest with gold from hydrocarbon sales. Canada missed a chance to possibly change the course of world history. Sad.
  • O
    Oats
    Mike Rose, the CEO of Tourmaline recently bought 2100 units at 72.41(June 13th), and 5000 units at 67.55 on June 17th.
  • M
    Mike
    Can anyone explain the big price drop today ?
  • p
    patrick
    This stock has quite the resistance
  • D
    Dean
    Thursday coming. Adding some
  • S
    Sean
    nice move back up today....hope it sticks!
  • K
    Ken
    Tough day today when most other oil stocks are up. What’s up with that?
  • T
    Tony
    Actually $3.175 YTD dividends per share. Compared to June2021 base dividend is up $0.065/share or 40.625%.
  • D
    Dean
    Time for me add a position
  • R
    Reana
    Looking forward to $80+ !!!
  • S
    Sean
    big special divvy payday today! who's excited!?
  • T
    Tony
    12.5% quarterly base dividend increase to $0.225 payable on 30Jun2022. So total YTD dividends per share are $3.425. Amazing!
  • N
    Neil
    From TOU's website ... May 12th is SD record date. Additionally, a $US1.00 change in oil price affects TOU cashflow by about $C18million ($0.05/sh) ; $U0.10/mcf change in nat.gas price -- $62million ($C0.19/sh) ; and every penny change in exchange rate below $0.79 adds $C69million ($C0.21/sh). 2022 FCF currently is estimated at $11.73/sh using avg 2022 pricing of $U100.14/bbl ; $U6.68/mcf ; $0.79 FX. Tourmaline also states the 'majority' of FCF will be returned to investors .., that makes for very lucrative share ownership. At 65% FCF that could be $7.62/sh of that 2022 FCF of $11.73 : of which $3.55 ($1.25+$0.80+$1.50) has been paid or declared to date in 2022. That leaves potentially a lot ($3.07) more coming. Similarly, if TOU's 2023 commodity price & prod'n forecast holds, and they give dividends of 65% of FCF, then you could be seeing nearly $C7 in 2023 dividends & special dividends. It's all on the website under May 2022 corporate presentations. The only interpretation is what constitutes 'majority' ... could be 51%; could be 65% ; could be 75%.
    So the numbers to watch for in 2022 are : oil above $US100 ; natural gas above $US6.68 ; FX below $0.79 and their combined effect ie do they balance off ? or increase or decrease cashflow. I think we can reasonably assume TOU will keep their production where they say. For 2023 the numbers are $U5.45/mcf and $U90.27/bbl.
  • T
    Tony
    not here to promote RBC Direct Investing but had my dividends in accounts Thursday morning and DRIP reinvested Friday morning. DRIP reinvested at $72.4096.
  • J
    Jordan
    When is next dividend date please?
  • D
    Danielle
    New 52 week high $75 and climbing !!
  • C
    Chandler
    I Margined to get 2200 shares a while back at 67.80, up almost 14k.
  • T
    Tony
    Natty futures prices start with a $9 for the next eight consecutive months.
  • T
    Tony
    Base dividend has increased every quarter since Jun2021. Since Jun2018 dividend CAGR is 25.743%.
  • L
    Luca
    guys....the cycle is ending. go out.
    I bought at 50 and sold at 71.8, one of my best win of this difficult year, but now is ended the time of these stocks