Tourmaline Oil Corp (TOU.TO)

Prefers this to VET. Likes natural gas in Canada, but don't hold a lot of these stocks, because things can change suddenly with these commodities. Remember 2014 when things change dramatically? Pays a good dividend that grows. He owns 10% in raw oil and gas producers, while 20-25% is too high. TOU is good, but he own Arc Resources.

He met with management last week in Toronto. They have 75 years of inventory which is not all booked yet. It is Canada's largest natural gas producer and fourth largest conventional liquid producer and owns most of its infrastructure. He anticipates special dividends of maybe 5% which could bring the total yield to around 9%. It is $20 below where it should be. Natural gas has a better outlook especially in 2025. Investors have switched from gas to oil but they will come back.     Buy 14   Hold 0   Sell 0

Great company, great operators. It's checked back, and he'd be buying. Thinks it will continue to pay out the special dividend because they're generating excess free cashflow. Great balance sheet. In nat gas names, TOU and ARX are the top 2.

The oil and gas companies were the best performers in 2022 and are now the worst performers. Tourmaline is the fifth largest natural gas producer in North America and probably the largest in Canada, with some of the best assets. It has a superstar CEO who has built other companies successfully and is buying stock in the company. The question is can a company grow production per share and can it keep the cost of production low. Tourmaline can do both. Has a great balance sheet and is at a good valuation.

Largest natural gas producer in Canada. One of the top 5 in NA. Selling over 20% of production outside Canada. 

Dividend paying company.
Owns shares in the company.
Good time to buy.

Natural gas prices weighing on the company.
Best in class operator.
Very strong management team.
Excellent prospects going forward.
Very strong asset base.
Very strong management team.
Cheap valuation. 
5% production growth. 

A top oil company and winner. Up 220% over 5 years. Stick with it if you are bullish in oil prices.

He has owned it but has concerns about the natural gas sector. Since he is not yet seeing a recovery in gas stocks, he is not buying at this time. Prefers oil.

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.

Natural gas selloff has impacted share price.
Cumulative dividends equate to ~13% yield.
Will continue to own shares. 
Would argue a very good time to buy shares.

Excellent long-term record and well-managed. Shares have stepped back, so it's a buying opportunity.

This would be his first choice if you wanted exposure to natural gas. The CEO is an amazing capital allocator and is buying back stock. Natural gas prices went way up with the invasion of Ukraine but are now lower than pre-war. The price of natural gas is mostly weather related.