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

To: Goose94 who wrote (129684)	7/28/2022 9:54:04 AM
From: Goose94	Read Replies (2) \| Respond to of 203382

Tourmaline Oil (TOU-T) Cash Cow! Tourmaline Oil has done it again. Yet another special dividend was announced late yesterday; this one is being set at $2 per share, and it’s being made possible by free cash flow that hit a record $1.1 billion in the second quarter. It’s the third special dividend announced this year, and Tourmaline said it’s expecting to continue with special quarterly payments through next year. The natural gas and oil producer also nudged up its spending plans for this year, forecasted an even larger budget for exploration and production next year, and announced a small acquisition. Meanwhile, Cenovus Energy’s second-quarter free funds flow surged 24 per cent to $2.2 billion, its net debt fall 10 per cent year-over-year to $7.5 billion, and it added $400 million to its 2022 capex forecast. A fly in the ointment: Cenovus said it booked a $664-million “risk management” loss. That strategy of winding down hedges was announced in April, and Cenovus said the process was closed out as of June 30. The cup runneth over at Whitecap Resources, too: its second-quarter funds flow surged 35 per cent to a record $677 million. BNN.ca