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)

Bullboard Posts

Comment by Sadie222on Feb 25, 2020 6:02pm

131 Views

Post# 30733087

RE:what tou did and did not do with $257m

I doubt they would have got PONY. Sure, the SP is low enough, but they paid good money for the tiny piece they bought. Board probably wouldn’t sell the rest at fire-sale prices.

projectleopold wrote: they spent on asset acquistions over the last 3 months.

one they did not buy CREW.

two they did not buy PONY.

tou spent $257m on FOUR things they liked way better.

so keep this in mind when the Spammers show up again
BEGGING tourmaline to bail them out of underwater positions.

tou could have bought pony AND crew with what they have spent over last 3 months.

watch what they DO....