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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 fishcarrieron Sep 12, 2022 1:56pm
184 Views
Post# 34957219

RE:RE:$80 resistance

RE:RE:$80 resistanceI am guessing that TOU share price hasn't risen that much because so much of their revenue is being distributed. Then you and I have it, but TOU doesn't. I love it for its high dividend. But I also believe TOU is bound to rise considerably if you only look at the increase in production scheduled and the prospects of receiving much more money for their product.Once they begin to ship LNG that will increase profits considerably this coming year. And if they ever get those LNG installations built in Kitimat, that should give it another enormous boost. Prospects are just so good! I also think that of all fossil fuels, NG and LNG has the best reputation and will be around the longest. 
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