
TSE:TOU
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.
If you are bullish on natural gas prices you want to be long this one. Have a top tier management team that has amazing assets and will continue to build up a wonderful asset. Valuation is not super cheap but this is an excellent hold as long as you don’t think gas prices are going back down to $2. Would prefer it in the low $20’s.
Considered one of the top tier companies in Calgary. Management team second to none. Third go round. Within 24 months this one should be sold also. Just over 50 BOE a day. 30% growth this year, which is unheard of in this kind of company. Short positions have almost evaporated at the $25 mark. It is not for the feint of heart.
(A Top Pick Jan 9/12. Up 27.17%.)