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) > Top Pick on BNN Market Call Today :>)

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Comment by retiredcfon Apr 10, 2023 3:09pm

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RE:RE:Top Pick on BNN Market Call Today :>)

Rob Lauzon's Top Picks

Rob Lauzon, chief investment officer at Middlefield Capital Corporation, discusses his top picks: Medtronic, Tourmaline Oil, and Granite REIT.

Tourmaline Oil (TOU TSX)

Purchased March 16, 2023, at $54.35

Largest natural gas producer in Canada and the lowest capital cost operator in the basin. Largest insider ownership amongst senior E&P peers. Base dividend and expected special dividends result in close to a 10 per cent yield on the current share price, paid to wait until supply and demand of natural gas balances in 2024-25 results in higher commodity prices.

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