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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 Dogsbreakfast4Uon May 05, 2023 5:06pm
234 Views
Post# 35433902

RE:RE:RE:Looking at the Trading activity, looks like the market maker

RE:RE:RE:Looking at the Trading activity, looks like the market makerThere is certainly a concerted effort to hold the stock back. It has significantly underperformed all other Canadian natgas stocks today barely finishing in positive territory. With a relatively large SD available to those who have the stock before the 10th (record date being the 11th] that leaves next Monday and Tuesday as the only available days for new investors to get in on the SD. Contrary to previous SD announcements the stock has barely moved to the upside even if it was larger than the market anticipated. This doesn't bode well for the share price after Tuesday. Upward momentum is definitely gone and analysts, while generally positive on the stock, have for the most all reduced their targets with upcoming yearly comps being quite negative as a result of the commodity collapse. Anyway let's see what happens early next week.
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