TSE:TOU

Tourmaline Oil Corp (TOU.TO)

67.44
+0.94 (1.41%)
as of Oct 26, 2026, 8:00:00 pm Market Closed.
832 watching
0
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. 

BUY

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

Unspecified

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.

WEAK BUY

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.

TOP PICK

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)
PAST TOP PICK
(A Top Pick Jul 29/22, Down 16%)

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.

BUY ON WEAKNESS

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

COMMENT

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.

HOLD

Great company. CEO's done a great job. Increasing price of nat gas led to strong results and share price. Now, nat gas has moved from $10 to $3, share price down. He took profits at stock highs. Hold and evaluate for further pullbacks, when he'd buy again.

BUY ON WEAKNESS
Concerned on price of natural gas and names associated with it (short term). Long term natural gas will be fine (base load supply). Best gas marketer in the business (has California exposure). 75 years of inventory. Dividend yield could be ~7.5-10%(base + special dividend). Waiting for gas to hit $0 and will buy shares.
BUY
Nat gas prices have come off significantly last 6 months. Undersupply is now closer to balance, plus ton of new production has come on in both Canada and US. Even at $3, companies like TOU are still getting good returns.
WATCH
Is driven by natural gas prices. TOU paid a special dividend. A good company. Nat gas performs September into December, but is weak from mid-December to mid-March. Shares are at a support level, which is good. It could rally a little earlier than seasonality. Wait and watch the spot price into February and especially in mid March. There's oversupply of nat gas now.
BUY
Very good company that owns shares in. World class management team led by founder Mike Rose. Very cheap valuation given financials. Special dividend yield and regular dividend yield safe. Good long term investment.
BUY
Advantageous for Canadian investors. TOU has paid special dividends, which provide a running yield of close to 10%. Decent valuation.
PAST TOP PICK
(A Top Pick Jul 15/22, Up 4%) Canada's biggest nat gas producer. Great balance sheet and managers. They're moving some gas to the Gulf Coast so they have LNG exposure. The transition from fossil fuels to renewables will take time, so he remains bullish on natural gas. TOU is best in class.
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