Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

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.

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Tourmaline Oil Corp (Alberta) > Sellers

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Comment by Cheadle12on Jan 24, 2022 4:57pm

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Post# 34355276

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

Bagcheese, it appears this Oil company had some pressure today for sure.

Led the pack through the "Red" Seas..

Tourmaline "Oil" down 4%.

~TGC.

Renofund wrote:

bagcheese wrote: Well, although you weren't directing the reply at me, the company is called Tourmaline Oil.

Although TOU is ~ 80% Nat, WTI volitility does effect Nat Gas compamies even while Nat spot is stable.

TOU wasn't down 8% at one point today becasue oil lost a dollar fifty. ~95% of securities in all sectors were down righ out the gate today and it wasn't in majority part becasue of the price of oil.

Much the same as the bounce wasn't becasue of the price of oil as the price of oil is still down 2%.

Either way, I'll let the two of you debate whatever it is you're both thinking.

my point was everything was down, hence showing examples of markets and energy. While NOT an oil name, the correlation is HIGH to how oil and other energy names trade. No debate. Everything was down at one point.