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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.


TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta)
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Post by retiredcfon Nov 19, 2024 6:45am
206 Views
Post# 36319242

Peter Hodson

Peter HodsonCOMMENT
Tourmaline Oil Corp(TOU-T)
18/11/2024

It is natural gas focused and the price of nat gas is in the doldrums. It is the best nat gas company in Canada with very good management. It pays a nice dividend as well as special dividends regularly and has a great balance sheet along with making great acquisitions. However it is hard to predict the sector and hard to make money if the gas price is not going anywhere.

Oil / Gas

Peter Hodson
$63.000




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