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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...
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.
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TSX:TOU - Post Discussion
Tourmaline Oil Corp (Alberta)
> NG up over 10% today!
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(38)
•••
Fredthereferee
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Post by
Fredthereferee
on Oct 31, 2022 9:42am
NG up over 10% today!
Great news for TOU, ARX and other Gas stocks.
(23)
•••
Squint1
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Comment by
Squint1
on Oct 31, 2022 10:02am
Why is gas up 10% ??
(23)
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Squint1
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Comment by
Squint1
on Oct 31, 2022 10:08am
The Monday bounce is a continuation of recent developments around renewed liquefied natural-gas flows, with U.S. prices staring to recover after more than halving over the past two months, said Ole Hansen, head of commodity strategy at Saxo Bank. A stronger-than-expected build in U.S. inventories has started to slow as flows to LNG exporting plants, which had been curtailed in part due to a fire
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(38)
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Fredthereferee
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Comment by
Fredthereferee
on Oct 31, 2022 10:15am
And the fact that we were way into oversold territory with NG price dipping below $5!
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