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)

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Post by retiredcfon Nov 04, 2021 7:10am

219 Views

Post# 34085497

Analyst Recommendation

As can be seen, was asked about ALA but prefers others including TOU. GLTA

https://www.bnnbloomberg.ca/video/brian-madden-discusses-altagas~2314092

WEAK BUY

Altagas Ltd(ALA-T)

02/11/2021

Acquisition took leverage up to uncomfortable levels, fire sale, cut dividend. Back on more sustainable footing. Dividend now safe and secure. Mostly a utility, with exposure to nat gas. Good place for an income play, but no robust capital appreciation potential. If you want upside exposure to nat gas, look to TOU, PEY, or others.

OIL / GAS

Brian Madden

$25.310

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