Tourmaline Oil Corp (Alberta) TRMLF

Primary Symbol: T.TOU

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.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Analyst Recommendation

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Comment by retiredcfon Mar 02, 2024 6:25am

189 Views

Post# 35910905

RE:Analyst Recommendation

PAST TOP PICK

Tourmaline Oil Corp(TOU-T)

01/03/2024

(A Top Pick Nov 09/23, Down 8%)

Overall, excellent company with very strong leadership. Canada's #1 natural gas producer. Weak natural gas prices difficult, but overall a great business. Excellent assets that are best in class. LNG agreements will also allow more selling points (higher income). Recent Bonavista deal very strong. Tax pools and hedging strategy also add to bottom line. Debt levels less than 1x cash flow (very good level). Dividends steady, and also pays a special dividend (~11%). Will continue to own shares.

Oil / Gas

Zachary Curry

$62.330

Owned

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