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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 Sadie222on Mar 04, 2020 1:35pm
162 Views
Post# 30766244

RE:RE:Q4 Results

RE:RE:Q4 ResultsHaving a target is one thing, having a timeframe is another.
I'm not sure the targets have any effect on the current share price, especially in commodities like oil & gas. Way too many unpredictable variables to go past a general trend (with any confidence).

1condor wrote: depix...yep, TOU had a miss. I am just going to sit on the sidelines with this one and see what the next couple quarters show. I must admit this sector has been a bugger to trade (not to mention anyone holding long over the past few years has been killed). I suspect these analysts with there extremely lofty targets will have to bring stocks in the sector down considerably going into 2020...which of course will lead to lower prices.


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