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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

Post by RJboxeron Mar 01, 2023 9:05pm
475 Views
Post# 35314012

TOU 4Q 2022 earnings

TOU 4Q 2022 earningsWow. This company is best in class. Easily beat quarterly cash flow estimates. Look at those JKM prices.  2023 strip at $19.24 and they have 27mmcfpd hedged at $34.196 through 2023. They have almost 21 TCF of 2P (proved+probable) gas reserves. And then the regular and special dividends. After the recent purge down can't see stock doing anything but moving higher.
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