Tourmaline Oil Corp (TOU.TO)

Thinks you can buy this one here and just hold your nose a little. This company has always been very, very well financed. Have always been ahead of the game in funding their exploration programs. This gives you an opportunity to buy it at 6X cash flow for next year. The cheapest valuation that this company has been at since it went public almost 4 years ago.

If you liked it at $50 you have to like it a lot more at $39. You want a half position or less in your portfolio. You have to trim so you can add it back when it bottoms. It could potentially fall a lot lower if the momentum picks up to the downside. Never average down, but average into your position.

Likes this going forward. It of course is suffering because of what has happened to the price of oil and the implied price of natural gas. He would like to see a bit of a base building in this and other energy stocks before jumping in.

Had a nice bounce back but is now hitting lows again. A high-quality name. Good growth story. Superb management team. These are the types of names you want to focus on when we do hit bottom in oil/gas.

Sold a week ago, but nothing to do with the company, but taking a bear position in natural gas. Prefers Seven Generations. Hold if you are bullish on Nat Gas.

This is one of the better companies that we have in Canada. Gold plated management team with some high quality assets. Thinks there will be acceleration in production because they are ramping up their capital spending in the number of drill rigs they are employing. We should have a fairly reasonable year in gas prices and this company should perform as well, if not better than the rest of the group.

A natural gas producer. If she got really bullish on natural gas, she would buy this. It’s a low cost producer. It is on her watch list. They have all pulled back. In the oil patch, she has tended to stay with smaller producers, which this one is. She would rather own a company that pays a dividend.

(A Top Pick Nov 19/13. Up 18.82%.) Very, very experienced strong management team that has delivered. Had a very marginal miss last quarter. Cash flow growth and production growth is going to be great over the next 2 years. Their forecasts show the debt being repaid. They are always expanding and building their infrastructure.

Do not get rid of it. This is the one stock in the Canadian energy sector that you have to own. They just added some capacity. Hopes one day it gets taken out. Buy on dips.

Does not pay a dividend and he is primarily a dividend manager. TOU-T has put up fantastic growth numbers, but it is a lot of natural gas. Great guns growth story. He wants a more long term sustainable business model.

It is a highly recommended company by brokerage firms. It could be a little rich right here. But he likes to buy companies that a lot of people recommend.

One of the few in an uptrend. This last corrective period was just US$ related. You are near the bottom of the trend line. It looks fine.

(Market Call Minute.) Likes natural gas and this has been a star.

The oil prices are down from the $106 level to $91, but if you look at the two year futures, they are up on the year. If you look at the discount from the current price, it widened to 15% and is now back down to 3. Most of the correction is over. TOU-T is a great company. He did not buy it because it was new. CPG-T has had a history of buying up companies in their area that are doing well, so potentially could acquire TOU-T.

His model price is $48.11, a negative 6%. It is hitting right on its value. but it has had a negative transit of EBV +4. He would be very watchful. It looks like it wants to go to EBV +3 of $41, which would create some value.