Tourmaline Oil Corp (TOU.TO) Buy, Sell or Hold

Tourmaline Oil Corp (TOU.TO)

62.91

-0.08 (0.13%)

as of Oct 6, 2026, 8:00:00 pm Market Open.

832 watching

BUY ON WEAKNESS

Extremely well run company, with decades of inventory. Doesn't own stock because natural gas weighted. Oil presenting huge opportunities. Expecting over $100/barrel for next 4-5 years. Trading at ~3x cash flow. Expecting variable dividends to be paid out. Expecting share price to trade around $80/share.

COMMENT

Natural gas which still has upside from here. It is the portfolio managers' choice and has done pretty much as well as the group. Not as leveraged as others so doesn't move as fast but is great natural gas performer. Beat the last quarter. 21% free cash yield. Raised dividend by 11% and declared second special dividend.

COMMENT

A huge winner over the past year. Basically the biggest player in natural gas. Is returning some of the excess cash from massive amounts to shareholders through increased dividends, a special dividend, and stock buyback. Management are buying shares for themselves.

BUY

A well-managed oil company, but the PE has always been expensive. But the nat gas outlook is very well and will be; nat gas prices in Europe are very pricey. There could be a spike in such prices in North America. If you own this, do not sell.

BUY

Company embracing variable dividend. Challenge to value this plan. Very good name for income investors. However, better investments in other Canadian energy companies (more upside). Excellent management team.

TOP PICK

Believes company stock price has further room to grow. Best managed company in natural gas business. Sells a lot of natural gas into California market at a premium. Believes natural gas prices will remain strong (reduced drilling and growing economy). Additional dividend payouts and share buybacks are great for shareholders.

BUY

A nat gas play, and prices have come down recently. Trades at 3x, compared to peers at 4x. 22% free cash yield. Very cheap, decent production profile, decent cashflow per share, excellent balance sheet. Positive cash into 2023. Target of around $76. You can buy it right here, right now.

PAST TOP PICK

(A Top Pick Dec 29/20, Up 148%) Believes Mike Rose has done tremendous job running the company. Company buying lots of stock back. Lots of free cash flow. Balance sheet is very solid and has a low valuation. Premium company in the Canadian natural gas sector.

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BUY

Natural gas prices are being pressured due to a lack of cold weather this time of year. Rest of year forecasts, however, call for colder than normal weather. It is a very strong operator, well positioned in the natural gas space. It has shifted from mid-cap to larger investors. With years of underinvestment, they feel the sector has room for further improvement despite the recent run up in equity prices. A lot of cash flow should be coming. They like it here and own quite a lot.

DON'T BUY

Gas name. Ability to return capital to shareholder is limited due to the warmer weather. Decided to do a variable dividend that he does not like. Cannot value what you cannot model. Trading at a premium to the group. Would put a 6x multiple.

PAST TOP PICK

(A Top Pick Nov 13/20, Up 166%) Would buy again. Like many energy companies, it is no more expensive than where they were a year ago. Energy prices and natural gas in particular has moved up. The improved cashflow is now used to right balance sheets, pay dividends and other shareholder friendly moves. Great price momentum with 5x EBITDA which is still reasonable.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has an excellent management team with a history of good growth. Growth remains good and the balance sheet is good. Can own this throughout an energy cycle. More gas focused. Unlock Premium - Try 5i Free

PAST TOP PICK

(A Top Pick Dec 29/20, Up 168%) Pristine balance sheet. Great operators. Valuation is 4x operating cashflow. The Cadillac play of the sector.

COMMENT

Outlook for natural gas is strong going into the new year. A name you could look at.

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TOP PICK

Stockchase Research Editor: MIchael O'Reilly TOU continues to be well positioned for a continuation of energy price stabilization and is reiterated as a TOP PICK. It trades at 8x earnings, compared to peers at 36x. It is presently valued at under 1.5x book value. The company has consistently paid the (growing quarterly dividend over the past three years and it is backed by a payout ratio under 20% of cash flow We recommend trailing up the stop to $39 (from $34 as previously recommended), looking to achieve $54 -- upside potential over 16%. Yield 1.49% (Analysts’ price target is $53.54)

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Tourmaline Oil Corp (TOU.TO)