Tourmaline Oil traded at 59.79 this Friday April 17th, decreasing 1.43 or 2.34 percent since the previous trading session. Looking back, over the last four weeks, Tourmaline Oil lost 10.88 percent. Over the last 12 months, its price fell by 2.99 percent. Looking ahead, we forecast Tourmaline Oil to be priced at 58.57 by the end of this quarter and at 55.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tourmaline Oil Corp is a Canada-based company engaged in oil and gas exploration and production business sector. The Company is crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. The Company has assembled an undeveloped land position with a multi-year drilling inventory and operating control of natural gas processing and transportation infrastructure in three core long-term growth areas. The Company is focused on three core areas: the Alberta Deep Basin, Northeast British Columbia Montney and the Peace River Triassic Oil Complex.