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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 integrity11on Nov 01, 2023 8:50pm
338 Views
Post# 35712540

Great Looking Q3 Report

Great Looking Q3 ReportTourmaline has provided another great report.

Amazing they have a surplus if the Topaz share value of $967 million is factored into the $879 million of net debt.

The annual dividend increase to $1.12 from $1.04 is appreciated.

A drilling inventory of 22,000 locations is impressive as well as the increase of 957 Tier 1 and Tier 2 locations.

I really like the NeeStaNan proposed venture to Hudson Bay. A made in Western Canada solution for LNG, potash and perhaps other Western Canada products/exports.

Lots to like about this report.

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