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) > Buyout in about two years

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Comment by Veterantrader64on Mar 05, 2022 7:16pm

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Post# 34487397

RE:RE:Buyout in about two years

Hi CM3,

LNG Canada can be the buyer I am talking about. Yes, it is comprised of a Joint Venture between Shell, Petronas, PetroChina, Mitsubishi and Korea Gas, but is supported by the Native Community too.
So, if this JV is good enough to build, own and operate the LNG, why aren't they suitable to own the best feedstock company available?
Since the name has "Canada" in it and the Natives are on board, the optics are good. I can see it happening as a good strategic move.
We can argue over the takeover price!
Have a great weekend.

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