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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 houbahopon Jan 17, 2025 3:36am
160 Views
Post# 36408414

Also, comparing TOU with other names

Also, comparing TOU with other namesObserving TOU 5-year stock chart and comparing with PEY and EQT(US), it seems someone is keeping a lid on canadian gassy. EQT, one of the big US producers, is in total breakout while TOU and PEY are grinding their way up. The following chart resume it well:

TOU compare to PEY and EQT on a 5-year weekly chart

Short positions on TOU and PEY are quite high. Is there someone in trouble?

What can explain this divergence between canadian and US natgas producers?
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