Bullboard - Stock Discussion Forum 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... see more

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TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > All is relative, when TOU purchased Jupiter, the price they

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Post by CriticalMind55 on May 04, 2022 8:39pm

All is relative, when TOU purchased Jupiter, the price they

paid was based on the NG prices back then around $4-$5, hence the hedge price, there were no talks of the Ukrainian war...when the hedges expire, given the status quo, $150/share is a possibilty for TOU, maybe we'll have a 6 to 1 stock split to attract more even more retail investors at $25/share...then $25 goes to a few multiples, we are all going to be happy except for the shorters and the put option holders...

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Comment by AHybridofStreetandStocksmarts on May 04, 2022 8:48pm

I think some day traders will make a killing tomorrow or get burnt trying, I see a $10 swing, it all depends how much of the TOU price reflects the hedge situation. I will look for a window to add more, I figure, I have until May 12th to get the special dividend...

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