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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

Comment by Sadie222on Jan 12, 2020 6:28am
89 Views
Post# 30543552

RE:Insider Buying

RE:Insider BuyingNice to see Rose is still buying, but if the SEDI record is correct, it’s pocket change to him. With over 10 million shares, his divs are over $400,000 per month!
NCIB purchase of 50,000 shares in December.

retiredcf wrote:

Tourmaline Oil (T:TOU) has notable insider buying

Updated Friday Jan 10, 2020 02:12 AM EDT

Tourmaline Oil Corp. (TOU) has a high amount of executive buying compared to its mid-cap peers over the past three months. 

Mike Rose, CEO, acquired 5,000 Common Shares on a direct ownership basis at prices ranging from $15.272 and $15.359 through the public market on January 9th, 2020. This represents a $76,577 investment into the company's shares and an account share holdings change of 0.0%.

Tourmaline Oil is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Tourmaline Oil Corp is a Canada-based company engaged in oil and gas exploration and production business sector. The Company is crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. The Company has assembled an undeveloped land position with a multi-year drilling inventory and operating control of natural gas processing and transportation infrastructure in three core long-term growth areas. The Company is focused on three core areas: the Alberta Deep Basin, Northeast British Columbia Montney and the Peace River Triassic Oil Complex.




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