Tourmaline Oil Corp (TOU-T)

He surmises that Trump's bark is bigger than his bite; there's a lot of cooperation between Canada and the US. The tariffs, if they open, won't last long, because they won't benefit the US (or Canada). He's bullish nat gas for the next 3-4 years. TOU has great management.

The 2024 chart is choppy, but there have been a series of higher lows. In mid-October 2023, we started a new 3-5 cyclical bull market, into the second half of 2025 or first half of 2026, but that's where the extreme danger zone is. As we get deeper into the cycle, the economy is running on all cyclinders which is when energy and materials are bid up. He remains constructive on energy. He's also bullish on natural gas.

Really good for a long-term hold. Solid Q3, beat on fund flow and free cashflow. Lower capex costs. Nice dividends. Nat gas has been challenged for a while, but it's part of the bridge to green energy. Exports are coming, which will really help. 

Trades in line with peers, good balance sheet. Production growth of 8%, and 10% cashflow per share growth. Probably the highest quality of the gas names.

Last summer, he was adding under $60. Recently trimming above $65. That's the approach he's thinking of for the next few years.

He likes natural gas as a transitionary vehicle as we move off carbon in the decades ahead. There's a lot of it around, so doesn't see this being a growth stock. Buy when weaker, sell when more expensive. That's how he's thinking about a lot of the energy stocks. See today's Educational Segment.

Chose it because it has its greatest percentage of revenues to nat gas. Nat gas will be solid going forward with increased demand for electricity. A long-term nat gas play that will continue to do well going forward.

Tricky. Natural gas stocks have been on a tear the last few days, super hot, on fire. Extension of the Trump presidency. Certain investors are feeling FOMO if they don't own energy. Valuations are still compelling.

Thematically, he's bullish gas. Still exposed to weather, and though it's been warm up till now, there's a cold forecast. Gas can be volatile, so these names can be more volatile than oil. This name has lagged, and that could unwind. Doesn't love the variable dividend; instead, should be buying back stock. Good company, lots of inventory. But tactical timing is tricky.

It is natural gas focused and the price of nat gas is in the doldrums. It is the best nat gas company in Canada with very good management. It pays a nice dividend as well as special dividends regularly and has a great balance sheet along with making great acquisitions. However it is hard to predict the sector and hard to make money if the gas price is not going anywhere.

You get your dividend. A great company that's well-managed. Prefers ARC a little more. Natural gas looks great in Canada and abroad, to be driven by strong demand and the LNG terminal that will open. 

Recent quarterly report very strong. Best natural gas company in Canada. Very strong management. Excellent dividend. Priced very well. Balance sheet excellent. 

Well-run and solid. Have deep inventory and they distribute to different markets and are profitable. The commodity price can weaken, but the stock can hang on, but its production growth rate is slowing down.

He sold it last year, but bought it back recently under $60. Likes their assets--they have light oil as well as great natural gas assets. Nat gas has been under pressure, though.  TOU is not as cheap as oil stock, but more diversified with better growth potential.

Nat gas prices still under pressure. Management and structure are set up for success, even in this environment. Minimal debt, special dividends. Management owns lots of shares. CREW acquisition cashflow-positive right away. Long-term thinkers.

Nat gas is a transitional energy source from carbon to renewable. You need to hold some. He holds a small position of TOU. But the Canadian government doesn't support the nat gas indsutry, and isn't the best country to invest in at nat gas. He likes TOU.

Natural gas stocks are down a lot - the commodity price keeps this stock low. They just bought CREW which is a very complimentary asset. They also just boosted their dividend. With natural gas starting to get offshore by 2026, the commodity should do much better. It is the best in class in North America with a good balance sheet.

Top company in the sector. Even with low natural gas prices, company will be ok. Fixed plus variable dividend very safe and sustainable. Great for income oriented investors.