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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... see more

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > Oil Underpriced
View:
Post by retiredcf on Dec 29, 2023 11:59am

Oil Underpriced

US$100/barrel oil is required to sustain current production: portfolio manager 

Oil is underpriced at current levels due to myths about supply increase from the Middle East and the U.S., says Cole Smead, president and portfolio manager, Smead Capital Management. He recommends a few energy stocks. 

https://www.bnnbloomberg.ca/video/us-100-barrel-oil-is-required-to-sustain-current-production-portfolio-manager~2836751

Comment by SadieLadyCO on Dec 29, 2023 2:42pm
In a nut shell. If Oil does not trade at $100+, I said it before. OIL and NG companies will shut the rigs down. They will not operate them. They will NOT search for more OIL.
Tourmaline Oil Corp (Alberta)
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