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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Post by retiredcfon Jun 20, 2023 6:34am

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Post# 35504579

Analyst Recommendation

BUY

Tourmaline Oil Corp(TOU-T)

19/06/2023

It moves with the natural gas prices. It is very well managed, is a leader in its field in Canada, and is the best pick for a natural gas company. It is the first to lock in natural gas prices in Asia and can sell directly to U.S. customers. There has been very strong insider buying of $9 million, with $8 million coming from the CEO and 600 000 from the CFO. Only $350 000 worth of stock has been sold.

Oil / Gas

Teale Linde

$61.250

Unknown

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