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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 Beakr123on Jan 10, 2022 4:35pm
125 Views
Post# 34301310

RE:RE:RE:RE:RE:RE:RE:Huge Upside Right Now for TOU

RE:RE:RE:RE:RE:RE:RE:Huge Upside Right Now for TOUYeah, I'd be more inclined to think any short positions were of a hedging nature not necessarily an attack on the stock price. Apologies if that read wrong, not meaning to give you a hard time at all. It makes sense that lower volume would contribute to the price action today. I feel your pain Integrity. Although my holdings were minimal I held VII for way too long and am just above even now with ARX and lost my shirt on PONY. Glad to hear things are heading in the right direction for you now though. My strategy is to look at the macro view when it comes to energy. Politics always tend to have sway in the markets but look at whats happening in Europe and even in the US with Biden starting to beg OPEC+ for more oil. They may not like it but politicians are slowly changing their policies towards energy, they really dont have a choice. Regardless of your style keep in mind that its ok to take profits when you make them. Continue to be cautious and take calculated risks rather than wreckless ones like a lot of people suggest on stockhouse. All the best!
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