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

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TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > LNG price chart shows a cup and handle

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Post by 60606060 on Nov 15, 2024 4:03pm

LNG price chart shows a cup and handle

Based on this pattern, LNG will be rising to a target of $3.75. Since I also see a short term pattern called a "Bullish Pennant" for TOU, the move upward should happen near Xmas. Now an impetus to fire the rally may be from Europe with a shut down of LNG to Germany from Russia. Let's watch closely to see the prediction unfold. Happy Friday.

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