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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 houbahopon Feb 10, 2024 7:05pm
268 Views
Post# 35874091

RE:Eric Nuttall buys in !

RE:Eric Nuttall buys in !Sounds like Eric is a God.

Is there a possibility that he might be wrong and get wacked?

Long term, nat gas consumption is rising but in the short term,
with world Gas storage above their highest for the current period,
and gas producers with good hedges book hanging up there,
hedge funds could see an easy prey.

LNG transports from US to Europe and East Asia are starting to feel  the pinch.

My long term drawer is 70% full of producers (PEY, TOU and EQT-US) and I would not be a buyer
of more, unless current environment changes or a shake up among producers materialize.






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