opinion

Commercial vehicle drivers wait to refuel at a compressed natural gas fueling station in Calgary, in October, 2024.

Tourmaline Oil Corp. TOU-T , the country’s largest natural gas producer, put a massive collection of properties up for sale last week.

The price Tourmaline gets for its Peace River portfolio, and the identity of the potential buyer, will show whether oil patch CEOs are taking politicians seriously when they talk about natural gas as a solution to what ails the Canadian economy.

Calgary-based Tourmaline, run by self-made billionaire Mike Rose, is trying to sell the smallest of its three major holdings, a collection of 2,600 wells in northwestern Alberta. If successful, the company will redeploy the money in more promising territories, including development of r

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