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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

Comment by bagcheeseon Dec 28, 2021 7:05am
324 Views
Post# 34265024

RE:RE:Motley Fool

RE:RE:Motley Fool

Tourmaline is only down 4% since this time in October. Considering the decline in the commodities, that's nothing ...however if you consider the regular dividend and the massive special dividend Tourmaile isn't even down over the "last few months". The special dividend gave investors 75 cents per share. No other resources company has done that yet, not likely will. 

Tourmaline is basically trading at book value, has an EPS of nearly 6$ and it's PE is nearly half the industry average and has continually been the lowest cost producer. It was selected as a top pick for many reasons. If the commodity price keeps on its trend the charts could support $50+ share price by March.

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