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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 Beakr123on Jan 10, 2022 2:38pm
116 Views
Post# 34300767

RE:RE:RE:RE:RE:Huge Upside Right Now for TOU

RE:RE:RE:RE:RE:Huge Upside Right Now for TOUI'm not too sure to be honest. "Shorting" is such a broad term. I assume you are referring to large firms shorting the stock and pushing the stock price down rathe than investors selling direct ownership to take profit? Shorting can be a form of hedging so I wouldnt worry about large entities shorting to put downward pressure on the stock price, especially on a stock like this one. Honestly I'm a bit lazy when it comes to understanding certain option strategies so I couldnt tell you exactly how it works with puts as a hedge. For the most part I think TOU stock price is a reflection of simple stock buying or selling rather than manipulation. The macro environment usually tells the story so thats why I am scratching my head a bit this morning but its usually some sort of media driven catalyst somewhere that'll move it up or down. 
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