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 Sadie222on Jan 21, 2020 4:18pm

105 Views

Post# 30579736

RE:RE:RE:RE:RE:NG on Henry Hub is $2.00

Unfortunately, nothing is guaranteed. Yanks are pulling it out as fast as they can, and LNG market is pushing back. Too much gas in-country. TOU has oil as well, but until the market balances NG is under duress.

1condor wrote: There is no way that TOU will be able to move up with NG taking a big hit day after day. I sure looks the price of NG is going to take a shot at the 30 year low. That better hold!

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