RE: RE: OVERPRICED?Sammirati,
Great post. Also a DDV/TOU holder, and supporter of this management team. TOU is radically different from most natural gas producers in that they are masters of the deep basin/NEBC. Their multi zone vertical completions and technical skills are second to none in my opinion. Their groups work very well together, and they are first rate operators. Watch their op costs plummet as they bring almost all of their production into their own infrastructure. Tourmaline will make a good profit on their gas production, especially with the royalty incentives and Mike's stellar timing of picking up assets when the majors don't want them. They are getting decent liquids from their gas, which adds icing to the Tourmaline cake.
Look at their most recent presentation, and I don't see another company out there with as much upside in the basin. Don't fool yourselves, there will be another "Shell Game." It may just go by another name.
Cheers,
Flow