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.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Stupid question

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Comment by CriticalMind55on Feb 22, 2024 2:25pm

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Post# 35893934

RE:RE:Stupid question

1condor wrote: 7Twiggy...you need to better understand how HNU/HND works. Do some research. HNU or HND is not meant to be held long term...it is only to be used for very short term trading.

I agree, HNU/HND have decay elements in them due to the underlying derivatives' that can be affected by backwardation and contango. I have made good money holding HNU for three months, this is one play that timing is everything.

So it does not have to be a very short play, but a somewhat short play, three months max at a time.

If Hurricane hits a US state, this thing (HNU) can doubel overnight.

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