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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

Comment by fishcarrieron Apr 11, 2022 12:56pm
222 Views
Post# 34594151

RE:Natural Gas

RE:Natural GasYes, and this tightness could increase. There is a report this morning that Russians are interfering with the NG flow in Luhansk, which could lead to decrease, if not altogether stop, the flow of NG to Europe, Ukraine warns. It seems strange that the Russians themselves would cut off what Germany says they can't afford to do. War does strange things. It seems that Germany should get busy to build LNG receiving structures, the sooner the better. All this could increase the price of NG and most certainly the fluctuations. I read this morning, too, that some European towns are closing swimming pools (for instruction, and for therapeutics) due to the high cost of warming the water. 
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