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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 bagcheeseon Jan 12, 2022 6:02am
316 Views
Post# 34306860

ARX.TO (ARC Resources) has ugly and significant short

ARX.TO (ARC Resources) has ugly and significant short
Based on the latest financial disclosure, ARC RESOURCES LTD has a Short Ratio of 15.49 times. This is nearly 200% higher than that of the Energy sector and 300% higher than that of the Oil and Gas E&P Industry. That's ugly. This short position is way to significant to have my interest and the shorts position isn't seemingly interested in coving or slowing. 

Tourmaline (TOU.TO) on the other hand has a short position of just 1.39% of the total share float and the short portion of Tourmaline is the lowest right now than it has been in ~ a year. 

Even if you can't read technicals or charts. Compare TOU's chart to ARCs chart. TOU obviously has a way more solid and confirmed chart and technicals as well.

I'm glad someone mentioned the special dividend. Last Fall TOU paid a special dividend and hinted at more to come. This special dividend was 75 cent per share and equaled many years worth of ARC dividends all in one shot. For me personally it was massive as I've accumulated TOU shares since 2012. I welcome more of these special dividends that have been said to be coming. 

 

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