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) > August Investor Presentation

<< Previous

Bullboard Posts

Next >>

Comment by GunnerGon Aug 21, 2023 12:42pm

138 Views

Post# 35598062

RE:RE:August Investor Presentation

TOU is using prices of July 14 which are somewhat low numbers It changes with each presentation and if they go up the payouts go up

JohnSP wrote: Agree, CAD4.40 per share for 2024 and basically flat after that for 2025-2028. Slide 8 reflects the same flat forecast.

Also slide 23 "Tourmaline matches natural gas growth with contracted egress and local demand increases", so upside on production rates is built in to that forecast.

So yes TOU is all about the natural gas (& condensate) price, hopefully it moves up, can't see it dropping further, especially with 1) US rig count declining and 2) several more LNG plants being built on GOM coast.

Long TOU:TO.