RE:I forgot to thank you, Ikebraindeadoldguy wrote: That was a wonderful talk you gave me on Tourmaline. I really appreciate it. Kudos to you, my friend.
B-dog
You are more than welcome Bdog my friend ....Motley Fool already keen ot it as weill.
Tourmaline: the largest natural gas producer in Canada
Tourmaline Oil Corp. (TSX:TOU) is a Canadian mid-tier natural gas producer. It’s also the largest natural gas producer in Canada. Natural gas prices have been on an upswing for the better part of the last two years. In fact, they’ve risen more than 255% to over $8. This has taken natural gas producers like Tourmaline to a new level as they benefit from inflation.
inflation
Record cash flows and higher dividend payments have characterized Tourmaline’s results. Last quarter, Tourmaline reported operating cash flow of $1.35 billion, 137% higher versus last year. But the good news doesn’t stop here. The North American natural gas industry is finally opening up to global demand. This is possible due to export infrastructure, like that belonging to AltaGas.
Tourmaline has taken steps to benefit from expanding infrastructure and the soaring global demand for natural gas. For example, the company has a liquified natural gas (LNG) deal with the biggest LNG exporter in the U.S. This provides it with access to the Gulf Coast LNG export market. The deal gives Tourmaline exposure to JKM prices (the Northeast Asian LNG price), which remain very high (over $14).