Tourmaline Oil Corp | StockChase
227
Tourmaline Oil Corp (TOU-T)

Last Price Recorded: $21.9300 on 2017-12-12

ON STOCKCHASE SINCE Dec 2010

oil/gas
227
Tourmaline Oil Corp (TOU-T)

Last Price Recorded: $21.9300 on 2017-12-12

ON STOCKCHASE SINCE Dec 2010

oil/gas

Tourmaline Oil Corp


Signal Opinion Expert
BUY
Tourmaline Oil Corp(TOU-T) 

November 30, 2017

He would buy it at this price.  He has owned it all year.  They have continued to grow.  They have expanded production again this year even if not at the same pace.  They will be flat on Natural gas for the next year because there is not a lot of demand for more.  They will change from a pure growth company to one that will pay a dividend – about 1.5%.  This is still a good bet for the long run.

oil/gas

He would buy it at this price.  He has owned it all year.  They have continued to grow.  They have expanded production again this year even if not at the same pace.  They will be flat on Natural gas for the next year because there is not a lot of demand for more.  They will change from a pure growth company to one that will pay a dividend – about 1.5%.  This is still a good bet for the long run.

oil/gas
Don Lato

President, Padlock Investment M...

PricePrice
$23.180
Owned Owned
Yes

WEAK BUY
Tourmaline Oil Corp(TOU-T) 

November 30, 2017

It is a senior natural gas producer that he used to own.  He holds the management team in high regards.  They are remarkably managed to grow.  He exited because he was not constructive on natural gas pricing.  It was a goto name, otherwise.  Production is growing and they are doing so profitably.  It is hard for them to get their gas out of the basin and that is what keeps him out of the stock.

oil/gas

It is a senior natural gas producer that he used to own.  He holds the management team in high regards.  They are remarkably managed to grow.  He exited because he was not constructive on natural gas pricing.  It was a goto name, otherwise.  Production is growing and they are doing so profitably.  It is hard for them to get their gas out of the basin and that is what keeps him out of the stock.

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$23.180
Owned Owned
No

COMMENT
Tourmaline Oil Corp(TOU-T) 

November 22, 2017

One of the best management in the industry and one of the best balance sheets. Has great properties, mostly gas and mostly in the Montney area. It has suffered from the huge decline in Canadian natural gas stocks. At these prices, it is very reasonably priced. Sold some of his for tax-loss selling but will be buying it back in 30 days.

oil/gas

One of the best management in the industry and one of the best balance sheets. Has great properties, mostly gas and mostly in the Montney area. It has suffered from the huge decline in Canadian natural gas stocks. At these prices, it is very reasonably priced. Sold some of his for tax-loss selling but will be buying it back in 30 days.

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$23.620
Owned Owned
Yes

HOLD
Tourmaline Oil Corp(TOU-T) 

October 31, 2017

One of his favourite non-dividend paying Canadian energy stocks. About 80% gas, but is doing more on the oil side now. He is prepared to buy more once he feels comfortable with where natural gas prices are going. There is still the problem of getting our natural gas to market, when we are at the end of the pipeline. With a 3-year horizon you will probably have an opportunity to claw the 35% loss back.

oil/gas

One of his favourite non-dividend paying Canadian energy stocks. About 80% gas, but is doing more on the oil side now. He is prepared to buy more once he feels comfortable with where natural gas prices are going. There is still the problem of getting our natural gas to market, when we are at the end of the pipeline. With a 3-year horizon you will probably have an opportunity to claw the 35% loss back.

oil/gas
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$23.610
Owned Owned
Yes

WAIT
Tourmaline Oil Corp(TOU-T) 

October 17, 2017

This had a negative transit in the 1st week of August. It has tried to rally past that negative transit, and now we are floating down to another EBV level. It has a chance of hitting $15.80.

oil/gas

This had a negative transit in the 1st week of August. It has tried to rally past that negative transit, and now we are floating down to another EBV level. It has a chance of hitting $15.80.

oil/gas
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$22.990
Owned Owned
Unknown

DON'T BUY
Tourmaline Oil Corp(TOU-T) 

October 16, 2017

It broke the old trend line in early 2016.  At the end of the year it started into a downtrend.  Currently it is still in it. 

oil/gas

It broke the old trend line in early 2016.  At the end of the year it started into a downtrend.  Currently it is still in it. 

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$23.060
Owned Owned
Unknown

COMMENT
Tourmaline Oil Corp(TOU-T) 

September 13, 2017

An extremely well-managed company. Until recently, it has always looked expensive to him, relative to some of the alternatives in the oil patch. It is nearing areas now where it is beginning to hit his screens, and he is beginning to take a closer look at it. This could be a good opportunity.

oil/gas

An extremely well-managed company. Until recently, it has always looked expensive to him, relative to some of the alternatives in the oil patch. It is nearing areas now where it is beginning to hit his screens, and he is beginning to take a closer look at it. This could be a good opportunity.

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$24.830
Owned Owned
No

COMMENT

A great Canadian gas stock. The knock has been their inability to hit guidance in the last couple of years. Have now set that as a priority in 2017 by building up a little more flex into the guidance to account for pipeline (?).

oil/gas

A great Canadian gas stock. The knock has been their inability to hit guidance in the last couple of years. Have now set that as a priority in 2017 by building up a little more flex into the guidance to account for pipeline (?).

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$27.380
Owned Owned
No

COMMENT

It seems like they need a strategy change. The traditional strategy was “if you build it, they will come”. You actually have to believe that maybe there isn’t a buyer and after building a great big production company you maybe have to live within the numbers. This has to be run for profitability, not for the resource. The strategy change is probably more important than driving the stock price. We have too much gas as well as pipeline constraints in the Canadian Western Basin.

oil/gas

It seems like they need a strategy change. The traditional strategy was “if you build it, they will come”. You actually have to believe that maybe there isn’t a buyer and after building a great big production company you maybe have to live within the numbers. This has to be run for profitability, not for the resource. The strategy change is probably more important than driving the stock price. We have too much gas as well as pipeline constraints in the Canadian Western Basin.

oil/gas
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$26.720
Owned Owned
Unknown

BUY on WEAKNESS

One of those trophy stocks that institutions love. 85% natural gas, and one of the lowest cost operators in the industry. BV is around $25.61. Debt is only $1.4 billion against $6.9 billion, so a very healthy balance sheet. Have one of the lowest operating expenses in the sector, $3.50 per BOE. Great management. If the stock got down to the low $20s, it would be a great buy.

oil/gas

One of those trophy stocks that institutions love. 85% natural gas, and one of the lowest cost operators in the industry. BV is around $25.61. Debt is only $1.4 billion against $6.9 billion, so a very healthy balance sheet. Have one of the lowest operating expenses in the sector, $3.50 per BOE. Great management. If the stock got down to the low $20s, it would be a great buy.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$27.740
Owned Owned
No

PAST TOP PICK

(A Top Pick April 5/16. Up 14%.) The 2nd largest natural gas producer in Canada. Exceptional management team.

oil/gas

(A Top Pick April 5/16. Up 14%.) The 2nd largest natural gas producer in Canada. Exceptional management team.

oil/gas
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd....

PricePrice
$28.410
Owned Owned
Yes

COMMENT

A well regarded company. Good insider ownership. When a company is in hyper growth mode, it is difficult to manage expectations at times, and a slight knock against them may have been that they have not hit production guidance over the past while. They’ve taken it upon themselves to really tighten that this year. He is a little worried about Canadian gas, because we do have “take away” capacity issues, but other than that, this would have been on his top 3 list.

oil/gas

A well regarded company. Good insider ownership. When a company is in hyper growth mode, it is difficult to manage expectations at times, and a slight knock against them may have been that they have not hit production guidance over the past while. They’ve taken it upon themselves to really tighten that this year. He is a little worried about Canadian gas, because we do have “take away” capacity issues, but other than that, this would have been on his top 3 list.

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$28.130
Owned Owned
Unknown

HOLD

He was expecting energy to emerge much stronger at this point in the cycle. Oil was down to $29, rebounded to $45, which was more profitable. We’ve had a few quarters of oil being at that level. He was expecting Q4 and Q1 to be better than they were. This company has a very low return and is slightly positive, at less than 1%. You should remain in this stock.

oil/gas

He was expecting energy to emerge much stronger at this point in the cycle. Oil was down to $29, rebounded to $45, which was more profitable. We’ve had a few quarters of oil being at that level. He was expecting Q4 and Q1 to be better than they were. This company has a very low return and is slightly positive, at less than 1%. You should remain in this stock.

oil/gas
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$27.080
Owned Owned
Unknown

COMMENT

Natural gas. These companies have really cut costs in a very major way. If, as in when, prices start to go up again and volumes increase, this company has some very aggressive targets. Their current production rate is 250,000, and they want to get that to 400,000-450,000 by 2021. Has good management that is thinking ahead, and this could be a great long-term hold. It does not pay a dividend.

oil/gas

Natural gas. These companies have really cut costs in a very major way. If, as in when, prices start to go up again and volumes increase, this company has some very aggressive targets. Their current production rate is 250,000, and they want to get that to 400,000-450,000 by 2021. Has good management that is thinking ahead, and this could be a great long-term hold. It does not pay a dividend.

oil/gas
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capi...

PricePrice
$27.580
Owned Owned
No

COMMENT

In 2014, this was a $60 stock. In early 2015, it bottomed before a lot of stocks did in Jan/Feb 2016. The high was just under $40 in Oct/16, and is currently in the $29-$30 range. In the 4th quarter, they were doing 192,000 barrels a day with $4 annualized cash flow. They did a massive acquisition in December from Shell, so production volumes will continue to go up. Operating costs are excellent at $2.90, so they will do over $4 in cash flow this year. BV is $6.8 billion, and their debt is only $1.4 billion, very manageable. Any time you see the stock below BV it has been a gift. If he is right about the downside in the next little while, you are potentially going to see this company trade below BV in late Q2 or late Q4 and that is when you would take a serious look.

oil/gas

In 2014, this was a $60 stock. In early 2015, it bottomed before a lot of stocks did in Jan/Feb 2016. The high was just under $40 in Oct/16, and is currently in the $29-$30 range. In the 4th quarter, they were doing 192,000 barrels a day with $4 annualized cash flow. They did a massive acquisition in December from Shell, so production volumes will continue to go up. Operating costs are excellent at $2.90, so they will do over $4 in cash flow this year. BV is $6.8 billion, and their debt is only $1.4 billion, very manageable. Any time you see the stock below BV it has been a gift. If he is right about the downside in the next little while, you are potentially going to see this company trade below BV in late Q2 or late Q4 and that is when you would take a serious look.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$29.180
Owned Owned
Unknown

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