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Tourmaline Oil Corp (Alberta) TRMLF


Primary Symbol: T.TOU

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 retiredcfon Apr 26, 2024 6:48am
298 Views
Post# 36008785

Analyst Comment

Analyst CommentHe's a conservative analyst with Goodreid and doesn't have much in the energy sector other than TRP. Made similar comments for ARX but he doesn't own that one as opposed to owning TOU. GLTA

BUY ON WEAKNESS
Tourmaline Oil Corp(TOU-T)
25/04/2024
 
Largest natural gas producer in Canada. Shares volatile, fluctuating with the shares of nat gas. Now on a rebound. Key to the story is management, has done a good job and owns lots of shares. Balance sheet flush with cash, picked up assets at discount. Profitable at $1.50 gas, and gas is above that. Known for its special dividends. Yield's around 3.5%, often gets close to 10% with the special dividends. Hold now, buy more on weakness.
Oil / Gas

Robert Gill
$67.540
Owned

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