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.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Demand for NG is up today

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Post by fishcarrieron Jan 26, 2022 1:27pm

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Post# 34363246

Demand for NG is up today

Tsvetana Paraskova in Oil Price.com writes that demand for NG is up so much today because of 1) the cold weather and consequent demand for heat in N. America today and this week into February. And 2) because of the fear of war at the Ukraine and the high demand in Europe for more NG from the USA.

I guess we all knew that, but it is good to be aware of very tight supplies of NG both in N. America and Europe. That bodes well for TOU, although noone wants to see that war. Earlier I read somewhare that Biden had asked both Norway and Qatar if they could step up NG supply to Europe.

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