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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 May 08, 2023 1:02am
168 Views
Post# 35435808

RE:RE:RE:RE:RE:Looking at the Trading activity, looks like the market maker

RE:RE:RE:RE:RE:Looking at the Trading activity, looks like the market makerTotally disagree Checkmate, Tou is definitely being held down by shorters/hedge funds working together to drive the price down. They have been successful the past several months, but long term Tou will recover and reward their loyal shareholders. Unlike most large cap oil and NG companies Tou has a relatively small share float/outstanding shares and basically no debt so let's hope those shorting will lose their shorts soon. I would love to see the Canadian Security Commission complete an investigation into the trading activity of this excellent company. Checkmate I suspect you do not hold or probably haven't held shares in Tou (except perhaps some shorting activity) as I reviewed a few pages of your posts.
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