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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 retiredcfon Aug 24, 2023 7:43am
411 Views
Post# 35603277

Eric Nuttall

Eric NuttallVery similar to his comments for ERF. A great company but he's currently throwing all of his eggs into the heavy oil basket so NG companies are on the sidelines. As can be seen,, there's no change from May except the SP is up about 17% (ERF was over 20%) since then. Finally, when asked about BIR, he said if you believe in NG, why would anyone buy BIR (whose dividend is at risk) when they could buy TOU. GLTA

WAIT
Tourmaline Oil Corp(TOU-T)
23/08/2023
 
One of the best management teams, massive insider ownership. 75-year-deep, diversified inventory. But it's still 77% natural gas, and he's bullish on oil. For next year, he sees a 7.6% yield by including special dividends. Solid name.
Oil / Gas

Eric Nuttall
$66.990
Unknown

WAIT
Tourmaline Oil Corp(TOU-T)
31/05/2023
 
Don't buy now if you're looking for capital appreciation. It's discounting nat gas price meaningfully higher than current price, as it should because current price is not sustainable. Nat gas inventories are high and supply will grow this year. LNG capacity buildout is a catalyst for 2024/25, not for now. 
 
Incredibly well run, great assets. He'd take a look around $45.
 
Oil / Gas

Eric Nuttall
$57.515
Unknown

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