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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.


TSX:TOU - Post by User

Comment by HalfFullon Nov 10, 2021 3:09pm
302 Views
Post# 34111536

RE:When you buy quality

RE:When you buy quality

I concur.  Load up in the dip if you've got the disposable cash.  TOU is a great investment, but as a recent former ARX emp for a few months (I was with 7G when ARX acquired), I left because it's a dysfunctional company that could be SOOO much better but refuses to address their leadership woes.  

I jumped into the energy sector when oil went negative with $200K and I'll be retiring in Q1 next year .  The upsides are not the same today, but there is still significant upticks ahead in energy and I'll continue to put more into it until early next year when I punch out and live on substantial dividend income.

 

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