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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Energy Oil & Gas E&P
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

Tourmaline Oil Corp (Alberta) > Help me understand?
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Post by fishcarrieron Nov 05, 2022 1:36pm
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Post# 35075809

Help me understand?

Help me understand?Sometimes you read things quickly and say to yourself, nice results. On the other hand don't believe everything you read. Please help me with this:

Q2 report says: Second quarter earnings were $822.9 million (2.40 per diluted share). NG price was $6.31

Q 3 report says: Third quarter earnings were  $2,097.9 million (6.11 per share) NG price was 5.37. 

Can anyone square these two? Now I know earnings aren't necessarily net income, but... The total earnings and the per share match. I think mmcf/d was down even - not sure.  How did Tourmaline do this? 
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