Tourmaline’s Big Moves: Special Dividend and Alberta Storage Win
Calgary-based Tourmaline Oil Corp is making headlines, delivering solid news for investors right as the city's energy sector navigates a complex, yet cautiously optimistic, 2025. The company wrapped up its third quarter of 2025 with strong liquids production, hitting 147,165 bpd—a 4% jump over Q2 2025. Tourmaline is looking ahead with confidence, projecting a 35% increase to 200,000 bpd by 2031.
For shareholders, there's a direct win: a special dividend of $0.25 per share was announced on November 5, 2025, payable on November 25, 2025, to shareholders of record on November 14, 2025.
This strong performance comes as Calgary's energy firms face a mix of rising natural gas prices—expected to rebound to $3.90/GJ in 2025 from 2024's $2.10/GJ—alongside geopolitical uncertainties and a push for greater operational stability. In a strategic move to manage this volatility, Tourmaline secured a 10-year natural gas storage deal with AltaGas at its Dimsdale Facility for 6 bcf of capacity, starting April 2026. This long-term agreement offers a crucial buffer against fluctuating gas prices, enhancing operational flexibility in an unpredictable market. For Calgarians watching the local energy landscape, Tourmaline’s proactive strategies underscore a keen focus on resilience and sustained value.
