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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

Post by retiredcfon Jun 19, 2021 2:16pm
276 Views
Post# 33416975

Analyst Recommendation

Analyst Recommendationhttps://www.bnnbloomberg.ca/video/john-zechner-discusses-arc-resources~2225445

BUY
 
Arc Resources Ltd
(ARX-T)
June 18, 2021
 
One of the top 2 plays in natural gas. This and Tourmaline are the top players. Balance sheet is in good shape. Arc could have more upside, especially with light oil from their acquisition. Natural gas prices are moving higher too. Growth properties and valuation is positive. Moving to the senior producer side which could bring international attention.
 
OIL/GAS
John Zechner 
 
Price
$9.330
Owned
Yes
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