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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 integrity11on May 10, 2024 5:39pm
270 Views
Post# 36034588

Shorters Getting Out Today - large Volumes Accumulated

Shorters Getting Out Today - large Volumes Accumulated9.2 million shares traded today,  but almost 8.7 million traded in positive. The first trade of the day saw 7.1 mm shares trade at 67.56. Then the shorters and hedge funds worked together and managed to bring price down to $65.09 with only -600,000 shares trading in negative. Some company/fund is accumulating large volumes of shares in the past week? Seems to me something is going on and shorters and hedge funds (on wrong side) are not going to win imo.
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