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) > Lower dividends

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Comment by GunnerGon Jan 03, 2023 12:10pm

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Post# 35200866

RE:RE:RE:Lower dividends

I hope you got in today near the low.

zforzebra wrote:
NG prices are tanking real fast and real hard. I'm not sure what price it will settle at. All the prices are inter-related eventually. TOU does move in correlation to NG prices. That said, TOU does also seem to make money at almost any price of NG, so it's an exceptional company worthy of owning. I'm waiting for a better entry price, which may be ill-advised.

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