Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. 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. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Dividend Yield - 12.60%

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Comment by RJboxeron May 10, 2023 12:51pm

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Post# 35441045

RE:RE:Dividend Yield - 12.60%

Tourmaline produces 31,000 bpd of Condensate, over 10,200 bpd of crude oil, and 66,000 bpd of NGLs. Yes, they are the largest NG producer in Canada, but they are diverse in their production and NG netbacks (California and JKM gas pricing).

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Geologica Resource: Polymetallic upside at a depressed price