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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. 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. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.


TSX:TOU - Post by User

Comment by HalfFullon Nov 10, 2021 3:09pm
309 Views
Post# 34111536

RE:When you buy quality

RE:When you buy quality

I concur.  Load up in the dip if you've got the disposable cash.  TOU is a great investment, but as a recent former ARX emp for a few months (I was with 7G when ARX acquired), I left because it's a dysfunctional company that could be SOOO much better but refuses to address their leadership woes.  

I jumped into the energy sector when oil went negative with $200K and I'll be retiring in Q1 next year .  The upsides are not the same today, but there is still significant upticks ahead in energy and I'll continue to put more into it until early next year when I punch out and live on substantial dividend income.

 

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