Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jan 21, 2022 8:41am
90 Views
Post# 34341429

RE:RE:RE:RE:RE:RE:A close above 47.86 would be awesome

RE:RE:RE:RE:RE:RE:A close above 47.86 would be awesomeRight on, and yea in the existance of TOU's shares being publically traded I can't remeber one bad reporting. They've always focused on low cost production which has weathered them even when oil was in the 30's and still made significant profits.

There's short term support confirmed at ~$44.15, it appears TOU could look to establish support in the mid-high 45's. This will be an interesting day with crude under some small pressure yet crude being very sensitive and rising on geopolitical issues, like Russia / Ukraine escalation news for instance. There's been daily swings in crude but the up trend is still very much intact. I think crude might make gains as the day unfolds but its a sensitive market right now. The 50 and 20 day MA's have crossed at about $43. The 100 day MA is at about $42.50. I think TOU is set to report earnings in the second week of March and the atticipation of this report isn't even built into the price of the stock yet. Even if crude stays range bound I would think TOU keeps legging up on support maybe gainig 3-5% a week on average.
<< Previous
Bullboard Posts
Next >>