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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.


TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta)
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(5619)
•••
Post by retiredcfon Feb 04, 2021 6:20am
234 Views
Post# 32467847

Analyst Comment

Analyst CommentLikes TOU but doesn't like the sector. GLTA

https://www.bnnbloomberg.ca/video/brian-madden-discusses-tourmaline-oil~2132206

DON'T BUY
 
Tourmaline Oil Corp
(TOU-T)
February 3, 2021
 
NA remains oversupplied with gas. Best of breed producer and consolidator. If you have a more positive view on the nat gas price and supply/balance than he has, then this is your horse. But he's not a believer in the nat gas secular trade.
 
Brian Madden 
 
Price
$19.890
Owned
No
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