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) > Net debt really a 250 million surplus with Tpz shares

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Comment by idleweisson Jan 31, 2022 4:50pm

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Post# 34381087

RE:RE:RE:RE:RE:RE:Net debt really a 250 million surplus with Tpz shares

he said that the note was "little" - not the debt. And are you suggesting that putting it on the LOC is the same as retiring the debt? Yes I missed the little note, but you sh$$thead have missed the bigger picture and that is that it is a good thing to retire debt when you are in rising rate environment irrespective of what your financial position is right now.

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