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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

Comment by uwebb429on Oct 16, 2023 4:05pm
317 Views
Post# 35686017

RE:Mike Roses comments

RE:Mike Roses commentsThe price of AECO natural gas is in the dog house right now because the local market is over supplied. It is a great time for large companies with deep pockets to be buying smaller natural gas companies. The bump in the share price today is a good sign. The market is giving Mike a big thumbs up for pulling off this acquistion at a good price when the market is soft. 

No need for TOU to expand into the U.S. They are already shipping gas to the Gulf coast and into the California market. The new Bonavista assets are going to increase in value the moment LNG Canada starts up. 2025 is not that far away. 

Confirming another $1 special dividend and increasing the regular dividend another few pennies are also appreciated. Keep up the good work Mike. 
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