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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)
> Somebody's buying the firm
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fishcarrier
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Post by
fishcarrier
on Nov 14, 2022 9:54am
Somebody's buying the firm
Man, a million shares traded right out of the gate this morning. Someone likes Tourmaline!
(95)
•••
Lupuslupus
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Comment by
Lupuslupus
on Nov 14, 2022 10:39am
That was heavy buying happening maybe it's time people woke up to the O&G sector which is still cheap, and they are printing money with commodities prices at these levels - these companies are paying off LT debt, buying back their own stock, and in the case like TOU actually paying shareholders back with special divis that are around 10%, at current stock price how can you possibly not
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