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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 retiredcfon Apr 11, 2023 7:05am
192 Views
Post# 35387944

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

RE:RE:RE:Top Pick on BNN Market Call Today :>)
TOP PICK
Tourmaline Oil Corp(TOU-T)
10/04/2023
 
He met with management last week in Toronto. They have 75 years of inventory which is not all booked yet. It is Canada's largest natural gas producer and fourth largest conventional liquid producer and owns most of its infrastructure. He anticipates special dividends of maybe 5% which could bring the total yield to around 9%. It is $20 below where it should be. Natural gas has a better outlook especially in 2025. Investors have switched from gas to oil but they will come back.     Buy 14   Hold 0   Sell 0
(Analysts’ price target is $84.36)
Oil / Gas
 
Robert Lauzon
$57.980
Owned
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