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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 fishcarrieron Jul 31, 2024 8:06pm
201 Views
Post# 36157338

RE:Good results !

RE:Good results !Good post! You're on to something. If earnings are 72 cents and dividends are (50+33) 83 cents for the quarter, there has to be a little increase in debt. My view is that these things will happen, but it's the long range view that makes this a fabulous stock. It's not deep in debt, and production can rise a lot in short order if required. Assets are amazing, as is marketing. Now for more of the long range LNG contracts.GLTA. 
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