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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)
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(6097)
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Post by retiredcfon Jun 16, 2023 6:43am
270 Views
Post# 35499656

Panic-Proof Portfolio

Panic-Proof Portfolio
TOP PICK
Tourmaline Oil Corp(TOU-T)
15/06/2023
 
Stockchase Research Editor: Michael O'Reilly
We reiterate Canada's largest natural gas producer as a TOP PICK.  Alberta production is back online following an 11,000 bpd shut in due to wildfires.  It trades at 1.6x book and supports a ROE of 32%.  We recommend trailing up the stop (from $53) to $55, looking to achieve $80 -- upside potential of 30%.  Yield 1.5%
(Analysts’ price target is $80.00)
 
Oil / Gas
$61.000
 
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Dealroom for high-potential pre-IPO opportunities