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Bullboard - Stock Discussion Forum 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... see more

TSX:TOU - Post Discussion

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Post by retiredcf on Apr 11, 2022 9:55am

Natural Gas

09:30 AM EDT, 04/11/2022 (MT Newswires) -- Benchmark natural gas rose to a fresh 14-year high early on Monday as cool weather is expected to boost demand as supplies remain tight.

Gas for May delivery was last seen up US$0.19 to US$6.47 per million British thermal units, the highest since late 2008.

The rise comes as forecasts from the National Weather Service see unseasonably cool temperatures for nearly all of the United States next six to 14 days, boosting heating demand during what is normally a shoulder season for the fuel, while supply remains tight as LNG exports are at capacity.

"Nat gas prices were wildly volatile last week, and we expect they will be again this week with continued daily 25-40 (cent) swings, aided by the Russian invasion of Ukraine and US gas supplies remaining tight into the start of May as deficits hold near -300 Bcf," NatGasWeather noted.

Comment by fishcarrier on Apr 11, 2022 12:56pm
Yes, and this tightness could increase. There is a report this morning that Russians are interfering with the NG flow in Luhansk, which could lead to decrease, if not altogether stop, the flow of NG to Europe, Ukraine warns. It seems strange that the Russians themselves would cut off what Germany says they can't afford to do. War does strange things. It seems that Germany should get busy to ...more  
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