Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

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

Tourmaline Oil Corp (Alberta)

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Comment by Miner1967on Jan 02, 2018 5:06am

182 Views

Post# 27259396

RE:RE:RE:Company Purchase

Tourmaline in the past bought assets not only from its neighbors and certainly will not be limited now to this.

There is no reason to do so. CKE has continuous land, no debt and a low market cap and it is included in the potential acquisition targets, like PONY is too.

Both stocks are traded significantly lower than one year ago while their operations (drilling results ,acquisitions, dispositions, 2017 exit production) are going rather well. TOU by offering a good premium could make a good investment...

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