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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

Post by fishcarrieron Jul 04, 2023 8:03am
147 Views
Post# 35525451

Outperforming the market

Outperforming the market

Tourmaline Oil Corp closed at $62.42, up by +3.95% during the week ending June 30th. The stock outperformed the broader market, with the TSX Index up (+3.80%), the TX60 Index up (+3.80%), and the TSX Venture up (+3.77%). Tourmaline Oil Corp's peers Cwc Energy Services Corp (+11.11%), Divergent Energy Services Corp (-13.33%), and NXT Energy Solutions Inc (-14.06%) were all mixed on the week.

Tourmaline Oil Corp traded a 1-week average daily volume of 1.22M shares, or 71.59% of its 25-day average volume. The stock's intraweek range was between $60.10 and $63.16, its 52-week range is between $51.01 and $78.67, and its market cap currently stands at $20.99 Billion.

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