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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 fishcarrieron Jan 23, 2023 7:15pm
202 Views
Post# 35241066

RE:Delusional!

RE:Delusional!I have noticed that a lot of people love their dividends. So, when a dividend is due, people bid up the stock. Last Friday TOU went up and up to close finally at $68.61. Today you could expect it to drop all of $2 if not $3 or $4. Then the stock slowly on climbs up again. Sometimes it pays to sell the stock high - like at $68.61 and expect to buy it back at least $2 cheaper - maybe quite a bit lower than that. However, you always have to bear in mind what other catalysts may make the stock go less than $2 down, such as a cold spell coming for TOU and the price of oil and gas rising. 

Cheer up. Looks like we're going to get some winter after all, and Freeport should be sucking up a lot of NG soon. As to oil, most likely Biden won't take too much more out of the SPR. 
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