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

Add To Watchlist

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > $80 resistance

View:

Post by ngtraderng on Nov 15, 2022 10:03am

$80 resistance

There is too much resistance at $80. Oil has likely peaked with the world going into recession. Russian and Iranian oil will come back online flooding the market. Europe gas storage is FULL!

You will likely be able to get a better price of TOU. Maybe $60 or even $50 in the coming months.

Don't be greedy!

ArtStation - Animation of a falling tree for a game.

ArtStation - Animation of a falling tree for a game.

298

Comment

Comment by CriticalMind55 on Nov 15, 2022 10:12am

You either have a short postion or sold your TOU shares need to validate your action, the good thing about lower SP is you get to buy more shares with the DRIP.

203

Comment