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) > Stupid question

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Comment by CriticalMind55on Feb 22, 2024 2:25pm

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Post# 35893934

RE:RE:Stupid question

1condor wrote: 7Twiggy...you need to better understand how HNU/HND works. Do some research. HNU or HND is not meant to be held long term...it is only to be used for very short term trading.

I agree, HNU/HND have decay elements in them due to the underlying derivatives' that can be affected by backwardation and contango. I have made good money holding HNU for three months, this is one play that timing is everything.

So it does not have to be a very short play, but a somewhat short play, three months max at a time.

If Hurricane hits a US state, this thing (HNU) can doubel overnight.

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