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Bullboard - Stock Discussion Forum 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... see more

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > Why the Whipsaw In Prices
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Post by CM3 on Oct 06, 2021 11:48am

Why the Whipsaw In Prices

Up 5 %, Down 5 %. What's going on guys ? I know why it went up but why is it going down today ? Oil - 1.7 % , NatGas -7.9 % but I don't see this price moderation lasting at all. Where people get hit hard on NatGas is on the March / April contracts if there is too much winter leftovers but hell, we don't know what kind of winter we are going to have.
Comment by lovehockey on Oct 06, 2021 1:09pm
From my experience days like these are rare but nothing extraudinary. In other words it is an excellent day for day traders who sold yesterday and bought today. I have done many times before when I was sensing that we are at the top of the wave and the next step is to come down a little. TOU just like most other Can Energy firms are on the way up. Pretty sure TOU will be testing $60 end of the ...more  
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