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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 Deuteronomy818on Feb 17, 2024 2:20pm
190 Views
Post# 35886025

RE:RE:Just to correct myself, went long both in TUO + HNU

RE:RE:Just to correct myself, went long both in TUO + HNUHNU like HOU are daily trades linked to the daily performance of the commodity index and then re-set at the end of each day.  Not for long term hold.  As long as the price keeps rising day after day you'll do well but the daily spot price goes negative you lose the hedge and if it keeps dropping you'll lose big time the longer you hold it. At least that's my perspective, here's what Horizon says: 

The ETF seeks a return, before fees and expenses, of up to +200% or -200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.
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