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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) > Rising Oil Prices
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Comment by topdown99on Jun 17, 2021 10:58am
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Post# 33401798

RE:Rising Oil Prices

RE:Rising Oil PricesLooks like the banks are herding the sheep today . US nat gas injection for June 11th was only 16bcf versus the estimate of a 79bcf injection . With power generation (using nat gas) demand strong and LNG exports remaining near record levels , nat gas prices should continue moving up .

Bank traders are using the J Powel news conference as an excuse to knock down the market but nat gas is holding and should start increasing again as the hurricane in the Carribean forms and heads into the offshore gas fields . 
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