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.

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Tourmaline Oil Corp (Alberta)

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Post by retiredcfon Nov 22, 2023 7:21am

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Post# 35747901

Madden's Comments

As can be seen, he dealt with it twice in the show. GLTA

PAST TOP PICK

Tourmaline Oil Corp(TOU-T)

21/11/2023

(A Top Pick Feb 01/23, Up 27%)

Happy to add to it. Has performed well. The best natural gas producer in Canada. They've amassed great drilling locations, cheap production costs, so growth will happen for years. Good history of paying dividends, both regular and special.

Oil / Gas

Brian Madden

$66.870

Owned

BUY

Tourmaline Oil Corp(TOU-T)

21/11/2023

OPEC meetings are reactive, not pro-active. With all their data, for instance, they cut production if that data foretells weak demand. So, a cut is not a good thing. That said, he would buy quality oil stocks like Parex and Tourmaline.

Oil / Gas

Brian Madden

$66.870

Owned

Tourmaline Oil (TOU TSX)