TSE:TOU

Tourmaline Oil Corp (TOU.TO)

62.33
-0.06 (0.10%)
as of Jul 17, 2026, 7:48:54 pm Market Open.
836 watching
0
Investor Insights
star iconJul 17, 2026, 12:00 am

This summary was created by AI, based on 64 opinions in the last 12 months.

Tourmaline Oil Corp (TOU) is recognized as Canada's largest natural gas producer, with strong management and a significant market position in the Montney region. While the stock has been somewhat range-bound recently, oscillating between $58 and $70, many analysts express optimism about its future potential, primarily driven by the ramp-up of LNG Canada and infrastructural investments that are expected to bolster cash flow in the long run. Experts highlight the company's good dividend yield and its ongoing efforts to enhance operational efficiency. Though some have noted the volatility in the energy market, particularly due to geopolitical factors like the US-Iran conflict, the consensus seems to favor TOU as a solid long-term investment given its strategic initiatives and assets. Concerns about short-term profitability and capex versus shareholder returns remain, but the outlook for natural gas demand and pricing appears constructive over the next few years.

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Consensus
Positive
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Valuation
Undervalued
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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Black Swan deal is a good acquisition. It makes the company the fastest growing producer. It will move around 500,000 boe per day next year.The deal adds more than $300M in debt but the balance sheet remains fine. Unlock Premium - Try 5i Free

BUY

Exceptionally well run. Hit all its landmarks. Loves it. Pure play, best of class. Owns TPZ instead, a spinoff of TOU and which it still has a stake in.

PARTIAL BUY
A spectacular company. Strong return on capital, monetized mid-stream and strong alignment. However, it is more natural gas. He is more excited with the oil story than natural gas. Good name for gas but looking for oil right now.
PAST TOP PICK
(A Top Pick May 29/20, Up 120%) Likes it still.
TOP PICK
Extremely low production costs. Huge free cashflow, which can be used to crank up the dividend and reduce debt. Sales are up 66%. Really positive on the company. Yield is 2.20%. (Analysts’ price target is $36.00)
BUY
Does not own it in the fund since it is predominantly a nat gas play. Best exposure to the California market. Trading at 4x forward cashflow. It could deserve a 6x. More bullish on oil than nat gas. If bullish on gas, you can own this.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The sector rally has paused though TOU is still up 39% this year. The stock remains attractive on most metrics and good growth is expected this year. Next year should see slower growth. Cash flow is good and dividend was raised a couple weeks ago. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There has been no news to account for the recent drop. The stock is still up 114% in a year. It may be that lower-quality names are attracting capital. 5i remains very comfortable with it overall. Unlock Premium - Try 5i Free

TOP PICK
The price of oil has moved up a lot since November. It could possibly go as high as $100. Mainly a western Canadian oil company. Well completion cost is 40-50% less than their competitors. Dividend of 2% that is expected to grow. Management is bullish with $850M of free cashflow. Sales are up 19%. 3.6x price to cash multiple. Cashflow growth is expected to grow twice as fast as the industry. (Analysts’ price target is $28.46)
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. 5i’s favourite gas-focused company. Management is the best in the business with a solid track record of building and selling many companies before. Unlock Premium - Try 5i Free

DON'T BUY
NA remains oversupplied with gas. Best of breed producer and consolidator. If you have a more positive view on the nat gas price and supply/balance than he has, then this is your horse. But he's not a believer in the nat gas secular trade.
TOP PICK
TOU is the cream of the crop. They focus on natural gas, which has lagged, but will catch up. The balance sheet outshines its peers. Their cash can pick up more companies. Managers have been buying shares. Lots of upside. (Analysts’ price target is $26.97)
PAST TOP PICK
(A Top Pick Dec 19/19, Up 17%) This is one you can still own in the natural gas space. They will continue to consolidate. There might be some paper coming to the market. There has been some rotation out of natural gas with a warmer winter and it has put pressure on the share price.
BUY
Natural gas prices have been--and will continue--to do well. Good balance sheet here and can issue more stock to buy weak competitors.
PAST TOP PICK
(A Top Pick Dec 19/19, Up 21%) He has reduced his position from 10% - 2% due to implosion of the natural gas pricing from the warm weather. They can use their strong balance sheet and Topaz, as an aggregator. He expects them to be aggressive as a consolidator.
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