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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 Eastbankon Jan 25, 2024 9:20pm
181 Views
Post# 35846307

RE:RE:Waiting for shorts

RE:RE:Waiting for shortsYou are correct...selling short which moves the share price down and then at some point buying back at a lower price to generate a profit. There needs to be a trigger...like declaration of a special dividend or very favourable company news...that drives the price back up, thereby causing a "short squeeze " whereby the shorters scramble to buy in order to cover their position...and the share price is driven higher. Also, shorters are responsible to cover payment of the dividend if still holding on the record date, so provides further inducement for them to unload the shares, buying all the way up.
Preying for a short squeeze here, sooner rather than later! GLTA
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