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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 Sep 12, 2022 8:20am

Nice Update

An excellent update was released 15 minutes ago which confirms that we have one of the best management teams around. IMHO, the hedges are a smart move. Could be a good week. GLTA

  • Since July 1, 2022, Tourmaline has continued to strategically enter into additional commodity hedges. Approximately 26% of 2023 average production is now hedged at a weighted average fixed price of CAD $5.26/mcf. Additionally, for this time frame, the Company has 110 mmcfpd of natural gas hedged at a basis to NYMEX of USD $0.12/mcf.
Comment by Cobalt on Sep 12, 2022 10:37am
$4.05 US , gross , will be adding to BIR over this think they still unhedged hmm
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