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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 Lupuslupuson Nov 14, 2024 10:12pm
35 Views
Post# 36314152

RE:Does anybody know

RE:Does anybody knowNobody knows
but personally I think this is a strong possibilty
we need LNG Canada to come online, and for takeaway demand to strengthen - with an energy thirsty world only getting more reliant on clean electric power

one of the partners in LNG is Shell, a company Mike Rose has a history with 

Mike Rose has already demonstrated how he operates - build a company, grow it and sell it
Hes done it with Berkeley and Duvernay, both of which I had the good fortune of owning

will he do it again? To me it makes logical sense, but that is only MHO based on experience

im in Tou early, and keep adding to my position as funds become available, collecting the divis along the way. Mike Rose also keeps accumulating shares.

All this leads me to believe at some point Tou may be a takeover target. It's a well run company, run by the best people in the field, and they have secured enough tier 1 property for a long life.

Of  course none of us can predict the future, but from my vantage point Tou is a keeper 
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