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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 bagcheeseon Dec 28, 2021 7:05am
304 Views
Post# 34265024

RE:RE:Motley Fool

RE:RE:Motley Fool

Tourmaline is only down 4% since this time in October. Considering the decline in the commodities, that's nothing ...however if you consider the regular dividend and the massive special dividend Tourmaile isn't even down over the "last few months". The special dividend gave investors 75 cents per share. No other resources company has done that yet, not likely will. 

Tourmaline is basically trading at book value, has an EPS of nearly 6$ and it's PE is nearly half the industry average and has continually been the lowest cost producer. It was selected as a top pick for many reasons. If the commodity price keeps on its trend the charts could support $50+ share price by March.

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