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Canada's largest natural gas producer sees stock rocket nearly 200%, fuelled by rare boom in sector

Author: External Author | | Categories: Oilfield Service Company , Oilfield Services


The deep freeze that swept across North America last month will provide a bumper year for Canada’s largest natural gas producer Tourmaline Oil Corp., a stock-market darling, that believes the outlook for gas is improving even in warmer weather.

Tourmaline took advantage of the Polar Vortex in February, which blew Arctic weather across Texas and other southern U.S. states, by selling huge volumes of natural gas it had stored near San Francisco and Toronto to earn what analysts termed a “windfall” in February.

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Geoffrey Morgan

Original Article Posted on:  Mar 17, 2021

Link to Original Article:  https://financialpost.com/commodities/energy/canadas-largest-natural-gas-producer-sees-stock-rocket-nearly-200-fuelled-by-rare-boom-in-sector/wcm/1c692f6d-c62d-4303-b365-679e7253b093/amp/