TSX:TOUOil and Gas
Should Tourmaline Oil’s (TSX:TOU) Ambitious Production Growth and Dividend Plan Prompt Investor Action?
Tourmaline Oil has announced plans to expand production by 36.40% from 2024 to 2029 and expects to pay CA$750 million in base dividends over the next several years, aiming for an accumulated five-year dividend yield of 16.24%.
The company’s outlook is further boosted by EIA projections for higher natural gas prices, potentially enhancing Tourmaline’s revenues during this period.
We will examine how Tourmaline’s ambitious multi-year production growth plan could reshape its long-term...