Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

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.

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Tourmaline Oil Corp (Alberta) > Help me understand?

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Post by fishcarrieron Nov 05, 2022 1:36pm

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Post# 35075809

Help me understand?

Sometimes you read things quickly and say to yourself, nice results. On the other hand don't believe everything you read. Please help me with this:

Q2 report says: Second quarter earnings were $822.9 million (2.40 per diluted share). NG price was $6.31

Q 3 report says: Third quarter earnings were $2,097.9 million (6.11 per share) NG price was 5.37.

Can anyone square these two? Now I know earnings aren't necessarily net income, but... The total earnings and the per share match. I think mmcf/d was down even - not sure. How did Tourmaline do this?

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