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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 integrity11on Feb 23, 2022 12:27pm
190 Views
Post# 34454254

RE:RE:Short-selling today?

RE:RE:Short-selling today?Agree that the short players/hedge funds are trying to hold Tou share price down, but this will be very short term IMO. Tou will not take long to bounce back to very close to $50 and medium term much greater than $50. Arguably it is the best NG stock in NA. It has essentially no debt or very little debt by choice, huge land mass, huge production and extremely low volume of outstanding shares. This is one company I will not be selling for under $50. Good luck to all Tou shareholders except of course the shorters who I sincerely hope will lose their shorts.
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