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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 gilllison Apr 22, 2022 2:42pm
169 Views
Post# 34624712

RE:RE:RE:RE:RE:RE:RE:Special dividend

RE:RE:RE:RE:RE:RE:RE:Special dividendwe'll see. For sure, PMT has not been a performer in past years and your colleagues at PMT were probably right to call it  that way. However, since they launched RBY and significantly improved their balance sheet, they seem to be on the road to recovery. And who is CEO of PMT??? Mike Rose's wife.... I am repeating myself but there were recent factors that lead me to believe PMT will be taken over and the suitor will be TOU. First, TOU should have announced by now the special divi and they have not. IMHO, means that they are in the process of negotiating an acquisition that would reduce the cash available for distribution. Also, in the last month, PMT shares were taken down and kept under selling pressure by large numbers on the ask side. Selling never really significantly materialized but the SP could not go up as for the other O&G cos. And today, while TOU and most other O&G cos are down, PMT is keeping almost unchanged. I could be wrong and probably am but it is a question of time before PMT and RBY are taken over and a question of time before TOU makes other acquisitions.   
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