Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. 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. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.

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Tourmaline Oil Corp (Alberta)

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Post by retiredcfon Jan 21, 2022 8:59am

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Post# 34341498

TD Notes

The Gas Line

Weekly Gas Charts

In the following charts, we summarize the key data points of North American natural- gas supply and demand dynamics. In this week's edition, we highlight the following:

This week, we observed a 206 Bcf withdrawal, which was in line with the consensus expectation of a 200 Bcf withdrawal, and above the five-year average of a 150 Bcf withdrawal.
The shortfall in U.S. storage levels that persisted through much of last year has eroded. U.S. gas storage levels now hover around the five-year average.
Given continued strength in U.S. exports (~13 Bcf/d of LNG demand), U.S. storage levels remain tight when compared with domestic/foreign demand (17% below normal levels as measured in days of supply, Exhibit 3).
U.S. natural gas production and NGTL receipts rebounded w/w as we suspect volumes were impacted earlier this month by freeze offs.
Expectations for next week are for a withdrawal of ~210-230 Bcf, which compares with the five-year average withdrawal of 170 Bcf.