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)

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Dec 30, 2022 9:08am

205 Views

Post# 35196717

TD Notes

The Gas Line

Weekly Gas Charts

Inventory Draw Above Expectations, Well Above Normal: Storage levels decreased by 213 Bcf w/w versus consensus expectations of a 195 Bcf withdrawal. This was well above the five-year average withdrawal of 106 Bcf, driven by extreme winter weather. Expectations for next week are for a withdrawal of 190-210 Bcf, which compares with the five-year average withdrawal of 107 Bcf.

U.S. gas storage levels are now 3% below the five-year average and 4% below year- ago levels. Total days of supply in storage remains relatively low; however, not at the historically low levels we had seen through the summer months (now 11% below year-ago levels). U.S. production has begun to recover after suffering from freeze- offs and hitting a low of ~83 Bcf/d on December 25 (now back to ~92 Bcf/d).

Last Friday, Freeport LNG provided an update regarding the restart of its 2 Bcf/d export facility. The company now expects an initial resumption of exports by the second half of January 2023, missing prior expectations for a restart this week. That said, there had been much speculation around practicality of this timing given regulatory requirements.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario