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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 Jul 24, 2021 8:32am
235 Views
Post# 33600569

Levine

LevineSecond stock in the clip. He and his family also own the stock. GLTA

https://www.bnnbloomberg.ca/video/norman-levine-s-top-picks~2247626

Tourmaline Oil (TOU TSX)

Tourmaline is a well-managed oil and natural gas producer, with assets in the Montney, Deep Basin and Charlie Lake areas of British Columbia and Alberta. The company provides mostly gas exposure (with a growing liquids presence) and owns what we believe to be the best producing and exploration profile of any company in B.C. It’s exposure to the growing California market is second to none and it will be a huge beneficiary when LNG exports from Canada finally begin. Tourmaline combines an excellent land/producing position with a very strong balance sheet and arguably the best management in the business.

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