Tourmaline Oil Corp (Alberta) T.TOU

Oil production

[fishcarrier]

Opec will make a final decision on Sunday:  From OilPrice.com:    On Thursday, Reuters suggested that the OPEC+ group would be unlikely to deepen its production targets at the meeting this weekend. But late on Friday, Reuters suggested that OPEC+ was indeed discussing an additional output cut of around 1 million barrels “among possible options” for the meeting on June 4.

[1condor]

Just announced...another oil cut coming in July (1 million barrels). They sure want that oil price back up at 80 bucks.

[1condor]

These recent oil cuts by OPEC are being ignored by investors. Based on this it makes one wonder how weak demand is forecast to be going into the final 2 quarters of the year.

[fishcarrier]

Somehow I don't see oil going down any, and most likely oil will rise. How much - that is the big question. But I do see nat gas going up as the summer heats up. That would help TOU a lot. And I do like the prospects of them selling more gas to Cheniere, and I especially like the prospects of the gaslinks and Kitimat export coming onstream within a year hopefully. That would be a big-time