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.

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Tourmaline Oil Corp (Alberta)

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Post by retiredcfon Jun 03, 2022 7:09am

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Post# 34728912

TD Notes

On the other hand, we have this. GLTA

The Gas Line

Weekly Gas Charts

Demand Returned to Relatively Normal Levels Last Week While Supply Additions Remain Modest. After charting record highs the last couple weeks, natural gas demand returned to more normalized levels. Significant supply additions remain illusive - despite a strong pricing signal and an ~50% YTD increase in the U.S. gas-focused rig count. Inventories relative to trailing 12-month demand are still charting record lows.

Canadian Gas Trailing U.S. Benchmark (Basis Remains Wide): Canadian natural gas prices have not kept pace with those in the U.S., with AECO basis remaining at ~US$3/mmbtu. We understand that this is due to the pipeline operators sending notices that limit firm transportation delivery (FTD) and injection capability.

Quick Summary: Gas inventories increased 90 Bcf w/w, which was in line with the consensus expectation for an 87 Bcf injection and slightly below the five- year average of a 102 Bcf injection. Storage is 15% below the 5-year average and 17% below year-ago levels. U.S. storage levels remain tight when compared with domestic/foreign demand (22% below normal levels as measured in days of supply, Exhibit 3). On this metric, we are charting record lows for this time of year. Expectations for next week are for an injection of 90-110 Bcf, which compares with the five-year average injection of 104 Bcf.