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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 realcdnon Sep 16, 2022 6:06pm
187 Views
Post# 34968269

RE:Last 15 Minutes - Block Trade or Tou Buying Shares?

RE:Last 15 Minutes - Block Trade or Tou Buying Shares?

integrity11 wrote: 13.3 million shares traded last 15 minutes. Either Tou buying back shares at reduced price or an investment firm accumulating large volume of shares. Likely a sizeable recovery quickly unless NG continues its downturn for a few days. Normal trades only 2 to 3 million a day so something going on today. Also brought share price down 90 cents in 15 minutes. Could be shorters/hedge funds working together to get out of their short positions while they can.

 

I'm pretty sure it has to do with being added to the TSX 60 on Monday. I recall hearing they would need to purchase around 11M shares for the index... probably at a pre agreement price metric. This was certainly not an open market purchase/sale

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