
TSE:TOU
This summary was created by AI, based on 61 opinions in the last 12 months.
Tourmaline Oil Corp (TOU), Canada's largest natural gas producer, is currently experiencing mixed reviews from analysts. While many highlight its strong management, solid fundamentals, and the strategic advantages from the LNG Canada project, concerns about capex spending and low prices for natural gas in Western Canada remain pertinent. Analysts express a cautious optimism, noting the potential for future price appreciation as LNG capacities ramp up. The stock has shown a consistent trading range, suggesting it may be a suitable buy at lower points within this range, but there is skepticism regarding near-term performance. The general sentiment reflects a waiting game as many investors anticipate stronger natural gas prices and believe that TOU will eventually benefit from long-term structural shifts in the energy market.
He got nervous on nat gas stocks last year, so he took profits. Stocks have now checked back. He's more likely to add at this point. One of the greatest operators out there. Great acquisitions plus internal growth. Be a bit worried about a pure nat gas player, as there's no shortage of nat gas in NA. If he were to add right now, they'd be more purely oil-levered plays.
Canada's top natural gas producer and is performing better than nat gas. Also is the largest processor of nat gas. Good geographic exposure--from the Montney, Deep River and Peace River. Earnings are growing at double-digits despite nat gas prices falling sharply. Are good at getting nat gas to market at good prices. Trades at 4x cash flow. Pullback in shares is good to buy.
(Analysts’ price target is $92.00)
Largest natural gas producer in Canada. One of the top 5 in NA. Selling over 20% of production outside Canada.