Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. 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. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.

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Tourmaline Oil Corp (Alberta) > National Bank

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Comment by Cobalton Apr 16, 2022 4:05pm

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Post# 34607776

RE:RE:RE:National Bank

Dont follow oil to close eh , Venezuela is decaying into a heap of rust day by day and as for OPEC only 2 might have spare capacity the rest cant even meet their quota , $140 oil by year end

Zaphod wrote: I wouldn't expect oil to go much over 100 and remain I think 80 or 90 is a long term position. All it takes is one OPEC country needing some more cash flow or Venezuela getting back in the good box and the price goes down.

Natural gas is seasonally high it'll drop down very soon