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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. 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. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.


TSX:TOU - Post by User

Post by oldrancheron Mar 25, 2013 7:20pm
196 Views
Post# 21165810

Steady Strength

Steady Strength

Yes, i know that headline sounds like a pumper comment;

but basically the last two business days have been red ink days for the Canadian Oilpatch as a whole,

and yet,  is it ever nice to spot Tourmaline as a tiny patch of green on my stockhouse watchlist.

 

With the benefit of hindsight, darn it: i should have bought some TOU as well for my TFSA.

Now what does a guy do if he already holds this stock? Do you continue to hope it goes up because you already own it? Or do you hope it goes down so you can buy some more? Or does one bite the bullet and buy more at a high price?  Anyways, it is a nice problem to have. (Not like my red ink Suncor and CNQ).

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