The Globe and Mail reports in its Saturday edition that Tourmaline Oil has been hit hard since the start of November, as natural gas prices tumbled at the prospect of an unusually warm winter. The Globe's David Berman writes that if gas prices are now bottoming out when energy stability is taking on a new-found importance, the stock could be a sound bet. The past three months have been rough for those long Tourmaline. The share price has retreated 23 per cent over this period, following the path of the company's most important energy commodity. Natural gas futures have fallen 38 per cent over the past 10 weeks, and are now down more than 70 per cent from highs in 2022. "At the risk of sounding like a broken record, we expect natural gas markets are likely to remain oversupplied in 2024 but improve in 2025," said CIBC analyst Dennis Fong. Even with U.S. natural gas prices drifting along three-year lows, Tourmaline remains confident it can generate sufficient cash to support its quarterly dividend and distribute four special dividends in 2024. Last year, these combined dividends added up to $6.55 a share for a trailing dividend yield of 11.5 per cent, rewarding investors who did not panic when energy prices turned weaker.