Zachary Curry Tourmaline Oil Corp TOU-T PAST TOP PICK Sep 18, 2024

Her portfolio is quite concentrated; she'd add this if she could. Low-cost producer. Will need to see what's happening with egress of nat gas in Canada, which could bode well for nat gas prices and production. She owns ARX.

Unfortunately, fatality overnight; will have only a short-term impact, weak today. Despite the name, a natural gas company. Trades at highest premium relative to peers. Management and resource depth are solid. Backdrop is bullish for Canadian natural gas producers, but he'd prefer other names. 

He's a long-term natural gas bull; it's the fuel of the future, and LNG Canada is about to start. TOU has a good CEO and good inventory and pays a high dividend. That said, TOU is not his favourite nat gas stock though holds a lot of shares. TOU is more about dividends. TOU buys a lot of companies which creates an overhang and doesn't allow the share price to perform as well, so it lags its nat gas peers.

Likes its heavier weighting to natural gas. His view continues to be that nat gas will be the preferred energy play going forward because of increased demand growth for LNG. Well poised to benefit from that. Global shift to cleaner forms of energy will continue, and that includes nat gas.

Nice recent production and FCF beats. High-quality company. Diversified marketing portfolio. Are we in the sweet spot for natural gas as TMX starts to come online and Canada starts to export LNG? He thinks the answer is yes. Trading in line with peers, nice production and FCF growth. Balance sheet's in good shape. Nice dividend. Payout ratio is 90%, pretty safe.

Buy when down. Safe to put some $$ in right now.

Natural gas play, and a more stable way to provide energy for data centres.

Harks back to his view that total return is important. Natural gas is up ~50% from a year ago. With LNG Canada coming on, anticipates nat gas prices improving materially through the end of the year. Business fundamentals are best in class. CEO has been buying shares. Not a lot of flash, but they know what they're doing and keep growing earnings per share.

He focuses on the top third of relative price performers in a group. The best companies tend to keep getting better. Good dividend plus dividend growth.

Despite the name, Canada's largest natural gas producer at ~13% of the total. Likes its capital discipline and lean operating efficiency. 21% stake in TPZ. Early mover to secure market access to delivery hubs on US and Canadian West Coasts. Consistently able to get higher pricing than peers. Generates lots of cash.

Cargo shipping from LNG Canada (as soon as this weekend) will benefit the whole sector. Kitimat project has potential to meaningfully shift supply/demand balance of Western Canadian nat gas, due to Asian demand. Yield is 3.10%, and there are special dividends too.

It's actually natural gas ;)  There's an incredibly low gas price, as there's just too much gas in the system. There's an idea that by 2026, there might actually be a tighter gas market for the first time in a long time. Special dividends equivalent to the current yield. Collect your dividends and wait for that catalyst. Incredibly successful Canadian story. 

We're now exporting gas to other countries. Highest-quality company he can find while he waits for the catalyst to kick in. Yield is 3.2%.