Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Eastbankon Jan 25, 2024 9:20pm
161 Views
Post# 35846307

RE:RE:Waiting for shorts

RE:RE:Waiting for shortsYou are correct...selling short which moves the share price down and then at some point buying back at a lower price to generate a profit. There needs to be a trigger...like declaration of a special dividend or very favourable company news...that drives the price back up, thereby causing a "short squeeze " whereby the shorters scramble to buy in order to cover their position...and the share price is driven higher. Also, shorters are responsible to cover payment of the dividend if still holding on the record date, so provides further inducement for them to unload the shares, buying all the way up.
Preying for a short squeeze here, sooner rather than later! GLTA
<< Previous
Bullboard Posts
Next >>