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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (113775)	9/23/2021 10:16:22 AM
From: Goose94	Read Replies (1) \| Respond to of 202684

Tourmaline Oil (TOU-T) new 52 week high, $43.28

To: Goose94 who wrote (113775)	9/23/2021 1:38:10 PM
From: Goose94	Read Replies (2) \| Respond to of 202684

Tourmaline Oil (TOU-T) top pick from David Burrow on BNN.ca Market Call Thirsty Thursday Sept 23rd @ 1200ET After the close yesterday, Tourmaline provided a positive business update where they raised the regular quarterly dividend by one cent to $.18 per share. The company also announced a special dividend of $0.75 per share that will be payable on Oct. 7. The company now anticipates generating $1.6B of free cash flow in 2021. Tourmaline also provided strong preliminary 2022 guidance which calls for $2.5B in FCF on strip pricing. Management highlighted the company intends to return the vast majority of FCF back to shareholders on a go-forward basis via regular modest and sustainable base dividend increases, special dividends when appropriate and tactical share buybacks. We continue to see a strong macro backdrop for gas pricing and TOU will continue to generate strong FCF with an emphasis on returning capital to shareholders. TOU’s partnership with Cheniere is also a strong catalyst for the story as it opens up the potential for TOU to gain exposure to stronger international gas pricing. Management plans on executing two or three more similar partnerships to the Cheniere partnership which would further strengthen the company’s free cash flow profile.