No its not the belt tensioner device. There's hardly any oil in that little thing and it is not even engine oil inside it. The tensioner is bolted to the engine and is totally seperate, and does NOT draw on the engine oil supply at all.
The best way is to clean the engine like new, (i use simple green and seems to work very well). Then look for the leak.
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valve cover leak, cam seal leak, external head gasket leak.
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He is right, also check the oil pump too. If it is very hard to find you may want to remove the timing belt covers and look there too. Oil leaks are truly a pain in the a$$ but if they are leaks (not burning), dont leak on any drive belts or the clutch plate, and less than one qt per gas tank alot of times in the past i just let em go and simply add oil.