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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 Arbourmarkon Jul 20, 2022 8:19pm
198 Views
Post# 34838897

RE:RE:RE:National Bank

RE:RE:RE:National Bank

I agree 100% and question why they have issued down grades on most Canadian Oil & Gas names when they will all be reporting in the next 30 days. Why would they not wait until after they report??? Are they going to upgrade the names after they report stellar results from the Quarter. I suppose they feel crude and Nat gas spot wil be going lower but so is the corporate dent but free cash flow  will be impressive. The facts are demand is greater then the supply.

 


retiredcf wrote: Yesterday it was energy, today they lowered all of their REIT targets. Not sure what's going on at that bank but their timing may be way off as it's beginning to appear that the market may have bottomed. GLTA

 

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