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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 Wildfuryon Jan 27, 2022 1:29pm
141 Views
Post# 34367436

Nat gas up 5.5%

Nat gas up 5.5%
Nat gas up 5.5%, TOU is down? Nothing makes sense lately. My opinion is that consolidation is happening big time before the earnings report next month. Just over a week ago TOU hit a year high of $49, then they announced a dividend increase along with a special dividend of $1.25 per share and yet we're trading under $43. This is definitely a buying opportunity, TOU is buying shares and this stock will rise when we least expect. The tech sell off is affecting the energy market too, patience is the word & wait for record earnings next month.
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