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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 fishcarrieron Sep 16, 2022 10:16am
162 Views
Post# 34966718

Recession-proof?

Recession-proof?Well, that was a lovely treat to see TOU all the way up above $84. I thought it was a bit rich, sold some and bought back at $82. The sounds of recession are deafening. I see the German civilians are up in arms because their energy bills this year will be $500 higher. 

Tourmaline should be able to rise above the general trend, even if they don't make the high amount of money forecast for next year. But they will be pulled down a bit with the downward movement of the market as I see it. I'm staying in this market for sure. Don't own any FedEx or the like. GLTA. 
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