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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 retiredcfon Feb 06, 2024 6:52am
273 Views
Post# 35864715

Analyst Comment

Analyst Comment
Unspecified
Tourmaline Oil Corp(TOU-T)
05/02/2024
 
It has a special dividend policy on top of its base dividend. Has a great management team along with great assets. She prefers ARC which has more exposure to liquid rich gas. Gas will still  be needed along with nuclear partly due to coal coming off line and the demand for power. Renewables are good but we don't have the technology for battery storage.
Oil / Gas

Rebecca Teltscher
$54.350
No
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