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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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Post by retiredcfon Sep 17, 2021 10:20am
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Post# 33877014

TD Notes

TD Notes

The Gas Line

Weekly Gas Charts

In the following charts, we summarize the key data points for North American natural gas supply and demand dynamics. In this week's edition, we highlight the following:

  1. This week, we observed an 83 Bcf injection, slightly ahead of the consensus expectation for a 76 Bcf injection, but in line with the five-year average of a 82 Bcf injection. U.S. storage levels now sit 274 Bcf (-8%) below the five-year average, while the y/y deficit is 609 Bcf (-17%, Exhibit 2).

  2. Expectations for next week are for an injection of ~45-55 Bcf, which compares with the five-year average of 64 Bcf.

Our View: Natural gas prices have continued to rise with spot Henry Hub pricing now at ~US$5.30/mcf, which is up ~20% mtd. Futures contracts have also risen recently, with winter futures now trading above US$5.50/mcf (Exhibit 6). AECO pricing has also participated in the rally with pricing up ~32% mtd. For producers that are relatively unhedged, this should drive robust cash flow generation in the coming quarters, should pricing hold. 


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