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) > Smart investing

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Comment by integrity11on Nov 08, 2022 12:29pm

142 Views

Post# 35082407

RE:RE:RE:Smart investing

Exactly my thoughts Bdog. Shorters and hedge funds (on short side) are getting a chance fo get rid of their positions (most with a loss I suspect).

Only 450,000 shares traded when the average volume is around 2.2 million. Certainly shareholders not jumping to exit their position . Unless NG price continues to drop TOU is likely to close at $80 or greater. It has already started its recovery.

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