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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

Post by CriticalMind55on Mar 28, 2022 8:36am
171 Views
Post# 34551238

Look at the bright side, Shanghai goes into lockdown due to

Look at the bright side, Shanghai goes into lockdown due to new COVID outgreak, but it is for ten days, Oil prices down today and may go down more and so is NG for other political reasons, this will bring TOU SP down a couple of bucks me thinks, but when TOU's special dividend is paid out in the next ten days, we will just get more shares or cash if you are not in the DRIP program, all good.

Cheers,

C
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