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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 Stocker88on Mar 12, 2024 4:03pm
273 Views
Post# 35929119

NG is probably at bottom and likely range bound

NG is probably at bottom and likely range bound

No one knows but from NG trading experts I  consider to have good track records, NG is in a bottom at or near 1.5 and will likely, near term, trade in the 1.5-1.75 range, but long term, more likely than not upward pressure. 

The hedging helps but the longer the price of NG is structurally lower than average over Q4, have to know that earnings will be less good than Q4. Q1 likely to be poor earnings though such a good company and efficient etc. they will eke it out. 


we need catalysts - LNG Canada (though Tou not part of it) and the new pipeline that was just completed. Lower interest rates to stimulate economic activity and reduce likelihood of hard recessions, election in Canada with change in government ... etc.  hot summer and cold winter for once. 


hopefully get bumps leading to fall and that continues in the winter and beyond! 


GLTA! 

have to hope that 

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