Tourmaline Oil Corp - Edson

Mark McLennan

Do you ever wake up looking at your Canadian E&P companies and ask yourself “why do I own these”? Between the decline rates and requisite maintenance capital the shaley company who will remain nameless and the capital structure problem with low netbacks of the other nameless Montney/Duvernay Second Rate Oil Sands project company IT CAN FEEL HOPELESS. Never fear, Mike Rose and his third E&P company are here to save the day, Tourmaline is now a senior gas weighted producer making FCF (despite what others say, it is possible). The assets operated out of the Edson field office are the base of the fantastic deep basin low decline business unit – a position assembled from many produces through strategic acquisitions that show an understanding of the resource and the foresight to turn the Deep Basin into the largest gas field in Alberta. Bravo Mike and Co.

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