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.

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Tourmaline Oil Corp (Alberta)

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Post by retiredcfon Apr 20, 2023 10:30am

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Post# 35405126

Barclays

As can be seen, his new target is well below consensus. GLTA

In a first-quarter earnings preview for the energy sector, Barclays’ Anthony Linton upgraded Enerplus Corp. to “overweight” from “equalweight” with a $30 target, up from $28. The average is $24.04.

Mr. Linton also made these target changes: Gibson Energy Inc. ( “underweight”) to $24 from $25; Parex Resources Inc. ( “overweight”) to $34 from $29; Pembina Pipeline Corp. ( “equalweight”) to $49 from $52 and Tourmaline Oil Corp. ( “overweight”) to $75 from $85. The averages are $25.21, $34.07, $52.07 and $82.71, respectively.