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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 Nov 04, 2023 11:32pm
225 Views
Post# 35717973

RE:Friday Nov 3: CEO Mike Rose Buys Another 10k Shares

RE:Friday Nov 3: CEO Mike Rose Buys Another 10k SharesMaybe this week Mike was celebrating the final weld and completion of the Coastal GasLink pipeline.

https://www.coastalgaslink.com/whats-new/news-stories/2023/2023-10-30-october-construction-update/

Most people still do not fully understand the huge cash flow boost coming to TOU as soon as the LNG Canada plant is up and running. Mike understands. 

Here is a table that shows JKM (Japan Korea marker) natural gas pricing. Compare those numbers to the $2 bucks U.S. that Alberta AECO natural gas presently fetches. 

https://www.cmegroup.com/markets/energy/natural-gas/lng-japan-korea-marker-platts-swap.html#venue=globex
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