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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 retiredcfon Dec 26, 2024 12:39pm
157 Views
Post# 36377724

Technical Analysis

Technical AnalysisBUY
Tourmaline Oil Corp(TOU-T)
24/12/2024

The 2024 chart is choppy, but there have been a series of higher lows. In mid-October 2023, we started a new 3-5 cyclical bull market, into the second half of 2025 or first half of 2026, but that's where the extreme danger zone is. As we get deeper into the cycle, the economy is running on all cyclinders which is when energy and materials are bid up. He remains constructive on energy. He's also bullish on natural gas.

Oil / Gas

Javed Mirza
$63.590
Unknown


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