Dividend IncreaseThe company hiked its base dividend by 43% based on expectations for improving profitability.
Financial StrengthTourmaline has a strong balance sheet, a low-cost structure, and an impressive free cash flow profile, justifying its premium valuation.
Shareholder ReturnsTourmaline increased its quarterly base dividend and announced a special dividend, believing that a more constructive gas outlook will allow it to increase shareholder returns.