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) > Nat Gas: TOU and SDE

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Comment by stockfyon Mar 05, 2021 5:51am

186 Views

Post# 32725671

RE:Nat Gas: TOU and SDE

Some prudent investors start to worry about the rising interest rates and focus on debt-free companies...

stockfy wrote:

If you like TOU, you will love debt-free Spartan Delta (SDE).

SDE is new and unknown.

SDE also is dirt-cheap because it's debt-free, cash-rich with surplus of C$35 million, currently produces 30,000 boepd (70% gas) and currently trades less than 9,000 per boepd and just 2 times its annual cash flow, facts below:

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

Proforma yesterday's deals, debt-free SDE produces 36,000 boepd (70% gas) based on the latest guidance below:

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

And as linked above, proforma yesterday's deals, SDE remains debt-free with surplus of C$54 million by the end of 2021.