TOU
TSX · Natural gas, NGLs, Montney / Deep Basin · 5 desk pieces in archive
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On September 8 Tourmaline filed an early warning report disclosing it disposed of 3.6 million Topaz shares as consideration for two minor BC Montney and Deep Basin acquisitions. Tourmaline now holds 19.9 million Topaz shares, or about 12.87 percent of the outstanding float.
Rubellite closed September 8 an East Edson sale for 2.083 million Topaz shares at a deemed $32.16 price. Tourmaline filed the same day it sold 3.6 million Topaz shares for Montney acquisitions, cutting its stake to 12.87 percent from 15.19 percent.
Tourmaline declared on September 1 a quarterly cash dividend of C$0.50 per share payable September 29 to shareholders of record September 15. The amount matches the base dividend flagged in the July 29 second-quarter release.
On September 1 Tourmaline declared a quarterly cash dividend of C$0.50 per share, payable September 29 to holders of record September 15. The amount matches the base dividend flagged in the July 29 second-quarter release.
TOU's July 29 release said a long-term AltaGas deal at REEF lifts premium LPG export exposure about 55 percent once Groundbirch-Monias is on. Realized gas in Q2 was C$3.12 per Mcf against AECO 5A at C$1.66. The NCIB renewed August 10.