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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 WindsorGuyon Jan 24, 2022 4:20pm
107 Views
Post# 34355040

RE:RE:RE:RE:RE:RE:Sellers

RE:RE:RE:RE:RE:RE:SellersI am a value investor. This company is known to be well managed and rewards share holders with return of excess cash (i.e. special and regular dividends) Some people do associate it with the price with oil. That is a mistake IMHO. Narural gas prices in Canada have been strong. If you lived out west you would know how cold iit has been. They sell natural gas liquids to oil producers to dilute heavy oil so it can be transported. There nas been record prices recently due to extreme cold out west. The 4th quarter estimate of profit is $1.69 and $1.69 for the 1st quarter this year. Even if the first quarter is slightly lower. this is still an inexpensive stock. GLTA
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