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Bullboard - Stock Discussion Forum
Tourmaline Oil Corp (Alberta)
T.TOU
Alternate Symbol(s):
TRMLF
Energy
Oil & Gas E&P
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.
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TSX:TOU - Post Discussion
Tourmaline Oil Corp (Alberta)
> Topaz spin out
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(16)
•••
Walleyewarrior
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Post by
Walleyewarrior
on Jan 18, 2022 12:38pm
Topaz spin out
Am I the only long term tourmaline shareholder thinking the company should spin out its remaining holding in topaz to existing shareholders?
happy capitalism
(30)
•••
Cheadle12
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Comment by
Cheadle12
on Jan 18, 2022 6:47pm
This is actually good thinking.. On the one hand, costs go up.. but on the other, it generates money to acquire & grow production to continue to pay out these MASSIVE dividends. The TPZ/TOU concept was genius.. Like ARX and hold, but Terry is more like Slash & Mike is, well, "Axl" Rose rockstar. Maybe this is where The Great Cheadle & Bagcheese can agree.
...more
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