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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 Konaboyon Jun 16, 2022 1:35pm
407 Views
Post# 34761937

In the meantime ...

In the meantime ...While thekids are bickering about ex-div dates and who-had-dinner-with-whom, Mike is slowly effecting a management buyout.

Tourmaline Oil Corp. (

TOU-T -0.29%decrease
 
)

Between June 6-13, president, chief executive officer and chairman Mike Rose invested over $546,000 in shares of Tourmaline. He acquired a total of 7,100 shares at an average price per share of approximately $76.95 for two accounts. After these transactions, one account held 8,774,973 shares, while the other account held 29,755 shares.

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