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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 Iluvyellowsnow on Dec 08, 2023 2:04pm

Bonavista

I understand that nat gas is serioulsy underperforming but how much is the share price decline due to Bonavista selling their recently acquired TOU shares. The news realease never mentioned at what price Bonavista got their shares. Does anybody have this info? 

I asked TOU investor relations and they never bothered to give me an answer.
Comment by SadieLadyCO on Dec 08, 2023 5:52pm
Now that is a great question and make's a lot of sence. Bonavista holders of TOU selling. Hmmm
Comment by GunnerG on Dec 09, 2023 5:53pm
Doesn't explain why most nat gas stocks have also dropped. Something to consider though, but they are usually required to hold onto the shares for a period of time.