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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

Post by retiredcfon Jul 30, 2022 7:23am
299 Views
Post# 34861937

Top Pick Details

Top Pick DetailsSecond stock in the clip; he and his family also own the stock personally. GLTA

https://www.bnnbloomberg.ca/video/alex-ruus-top-picks~2493057

Tourmaline Oil (TOU TSX) – Canada’s largest natural gas producer with extremely low costs and high free cash flows that trades at a discount to its intrinsic value. The company trades at a double-digit free cash flow yield and pays a regular dividend of one per cent plus special dividends currently yielding roughly 10 per cent.
 

TOP PICK
Tourmaline Oil Corp(TOU-T)
28/07/2022 at 08:00pm
 
Best oil & gas environment he has seen in decades. Not concerned that stock is over bought. Quality company that will continue to perform. Free cash flow & earnings continue to grow. Expecting continued growth in energy prices (oil & natural gas). One of largest holdings in portfolio. Trading at 5x cash flow with double digit cash flow growth. Base dividend yield + special dividend yield = ~10% yield.
OIL / GAS
 
Alex Ruus
$79.970
Owned
 
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