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

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Tourmaline Oil Corp (TOU.TO)

60.16

+0.14 (0.23%)

as of Jun 26, 2026, 8:00:00 pm Market Open.

833 watching

Investor Insights

Jun 26, 2026, 12:00 am

This summary was created by AI, based on 60 opinions in the last 12 months.

Tourmaline Oil Corp (TOU-T) is recognized as Canada's largest natural gas producer, positioned strategically to benefit from growing LNG markets and rising energy demand. Analysts generally highlight strong management and commend the company's approach to capital allocation, focusing on infrastructure and future growth. Although the stock has experienced a range-bound performance, most experts believe that it holds significant upside potential with the improvement of natural gas prices anticipated in the coming years. The company provides a respectable dividend and special dividends, which reinforces its attractiveness as a long-term investment. Concerns around current nat gas prices and market volatility are present, but many experts advocate holding or accumulating shares, viewing the long-term prospects favorably.

Consensus

Positive

Valuation

Undervalued

Similar

ARX,ARX

BUY

They were trading at values lower than reserve values. They are initiating their first share buyback this year. One analyst has a $26 price target for them. They are a big natural gas producer, and we are heading into a colder than normal winter outlook. When you can buy a quality company at these levels, where management is investing heavily themselves and it trades at 3 times cash flow, you can't go wrong.

COMMENT

Market Outlook TOU-T is planning to spin off some of their infrastructure into a royalty like offering, while retaining 80% of the value. Prior to this the stock was trading at all time lows and the market was giving zero value to the infrastructure they held. The company was trading at 3 times cash flow. The assets they are effectively selling are being valued at 9 times cash flow within the offering. This should remind people how undervalued this space is and there are self-adjusting opportunities that will "fix the funk" we see today. ARX-T has a similar 20% of its company in similar infrastructure. Once we get past the upcoming Federal election things should move forward. What a party says on the campaign trail and what happens in reality can be two very different things. The Liberals appear to support the TMX pipeline project in reality and it will ultimately get built, he says. 11% of our GDP in Canada comes from the energy sector.

TOP PICK

The biggest gas producer in Canada. 19% liquids. 4.5% yield. They are paying down debt from cash flow. (Analysts’ price target is $22.13)

SELL

In an RRSP If not sheltered, sell it. He has sold all his oil stocks, which face so many obstacles. 2019 will be the hardest year for Alberta oil with many operators going out of business. There's no solution to get our oil to the world. He supports moving away from fossil fuels. Jean Chretian once told him, "Too many economists, not enough engineering," meaning political policy and science do not work in synch when it comes to fossil and renewables. We should focus more on science to get greener (buildings, transit, rails).

HOLD

They are making the transition from moving from dry natural gas into more liquids. The market has not bought into it yet. At these commodity prices the liquids business is cash flow positive and in two years time it should be trading at 2 times cash flow. Very well run company producing close to 300,000 boed. (Analysts’ price target is $23.00)

DON'T BUY

Trading at half book value! She has not held any Canadian oil & gas producers over the past two years. Takeaway issues and LNG projects need to be resolved first. Show would not recommend it.

DON'T BUY

Well-managed that's executed as they promised, but the stock has been destroyed. Good balance sheet and pays a small dividend, but the bottom line is: nobody wants Canadian energy. This may change, though. By the time their LNG projects are built in two years, the tide could change.

PARTIAL BUY

A well managed company and he is looking to purchase it soon. He would consider it a hold and maybe adding to a position at this point.

PAST TOP PICK

(A Top Pick Sep 28/18, Down 22%) A core holding that is liquids rich as a natural gas producer. The second largest natural gas producer in Canada, producing over 300,000 barrels per day equivalent. They are keeping natural gas production flat, buy growing the liquids output by over 30% this year. This will generate improved cash flow.

WAIT

Holding up not badly in a sad industry. Don't buy right now. Rally this past week has pivoted quite a bit and volume is low. Lot of resistance around $17.50. Avoid right now. Looks as though it's headed down. Can probably pick it up in the $16 range. If it stayed sustainably above $17.60, he'd be a buyer.

TOP PICK

A nat. gas producer, the premium company. They are moving more towards liquids. It has an excellent balance sheet. A year from now they will be able to raise the dividend yet again. It has a lot of free funds flowing. He has a target of $24 in one year. (Analysts’ price target is $26.96)

WATCH

One of the top 5 mid-cap great western Canadian companies. He bought ARC instead. TOU isn't over-dividending. Going to be almost 30% LNG going forward. You'd want some sort of technical bounce before going in. (Analysts’ price target is $27.00)

BUY

It is one of his favourite names. The liquids will go up a little this summer. They are talking about 300 BOEs this year. This company is one of the largest he covers. 2% yield. It is the cheapest he has ever seen for one of these companies. Book is $28 and it got to $20. Below $18 it is a table pounding buy. This is a name you want own at under 20% debt.

COMMENT

Too big to be taken over, except by a major, and it's quite independent, so that's a very low chance. Pure gas play, well run, profitable, has growth. Chart is pretty good for an energy stock. But valuations are still extremely low. It's in upper 5% of names, but whole group is out of favour. It will be a long process to make money.

BUY

Natural gas producer. It is a top pick on his action alert buy list. You get a dividend yield. They are moving to add more liquids. They are talking about having more cash flow. They may add to their dividend or to stock buy backs.

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Tourmaline Oil Corp (TOU.TO)