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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

Comment by integrity11on May 10, 2024 4:32pm
152 Views
Post# 36034431

RE:RE:Baskin Wealth

RE:RE:Baskin WealthSomething a bit fishy today. First trade today was for 7.14 mm shares $67.56. So majority of shares traded today at a much higher price. I suspect it is the shorters working together to clear their short positions that accounted for most of the remaining shares. Tou will work its way back up quickly. The vast majority of the shares traded today were in the first trade of the day. 7 mm shares in one trade is significant. Someone definitely accumulating shares.
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