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Opinions Alice Tsang
Tourmaline Oil CorpTOU.TOHOLDSep 13, 2013
Alice TsangStock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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He likes energy stocks. It's rangebound between $58 to nearly $70. So buy and sell at the bottom and top of this range. He collects the dividend.
Keith RichardsNever discount the important of dividends to your total return! Underwhelming, while a lot of other energy stocks have really taken off. Has "oil" in its name, but it's actually Canada's largest nat gas producer. SHEL acquisition of ARX was a watershed moment in the Canadian oil patch and, in particular, nat gas.
Still grossly undervalued.
Brian MaddenExporting through LNG Canada to capture Asian pricing for nat gas is going to be big.
Darren SissonsLike both, but TOU has been sideways, because they are investing in capex, but turning back to shareholder returns. So, TOU should return to vogue. TVE has been a tear lately but trades at 11x forward PE with good growth. TVE will be a little more volatile.
He bought at the bottom of their range and sold at the top. Many times this has broken out, many times it has failed to sustain that. The blockage of oil in the Middle East effects everyone. He would sell shares soon.
Keith RichardsIf you already have oils in your portfolio, don't buy now. If you share his thesis that the Strait will be challenged with only some traffic going through, then we're probably looking at $80-90 oil. Canadian oil companies are at a massive advantage because we're really trying to expand our markets.
For a 5-year horizon, CNQ looks really good. On the nat gas side, he likes TOU and PEY.
Not an oil producer per se, as it produces primarily natural gas (actually Canada's largest). He's constructive on nat gas prospects given that Alberta's starting to build data centres, demand for clean power is increasing, and LNG terminals are being built (while damage to Quatar's facilities might take 3-5 years to repair).
Also see his Top Picks.
Brian Madden
He doesn't have any direct holdings in energy. Since 2022 it has been in a trading pattern around $64 with a high of $71 and a low of $54. It has rallied quickly because of the Iran war. However he wouldn't buy it since he thinks it would still trade in that consolidation range. If owned, he would hold. The world wants the war in Iran to be resolved quickly.
Largest natural gas producer in Canada. Well run. A bounce from the rising oil price. If nat gas price ever appreciates, this name would do quite well. AI infrastructure also needs generators, which are usually powered by nat gas.
Hopefully, LNG exports will help natural gas price move up. Lots of intentions stated and agreements signed by the feds, but not much put in motion yet. Yield is 3.01%.
Very well loved name and rightly so because they have one of the lowest costs in the sector. Still making money at current prices. However, this stock has always been expensive. If the view is positive on natural gas, then it will probably move up. However, AECO is currently trading at a huge discount compared to NYMEX and so in the upcoming quarter there may be a little bit of risk and disappointment on the cash flow front. Alternatively, Encana (ECA-T) would be an interesting gas play as they are looking at strategic alternatives to turn the company around. Trading roughly at about 4X cash flow and debt is reasonable at about 2X. There is talk about them eliminating their dividend and if that happens, this would be a case of Buy on Weakness.