Tourmaline Oil Corp | StockChase
224
Tourmaline Oil Corp (TOU-T)

Last Price Recorded: $23.7000 on 2017-11-20

ON STOCKCHASE SINCE Dec 2010

oil/gas

Tourmaline Oil Corp


Signal Opinion Expert

2017-10-31

HOLD
Tourmaline Oil Corp (TOU-T)

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 Corporation

Price: $23.610
Owned: Yes

2017-10-17

WAIT
Tourmaline Oil Corp (TOU-T)

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.

Price: $22.990
Owned: Unknown

2017-10-16

DON'T BUY
Tourmaline Oil Corp (TOU-T)

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 Management

Price: $23.060
Owned: Unknown

2017-09-13

COMMENT
Tourmaline Oil Corp (TOU-T)

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 Management

Price: $24.830
Owned: No

2017-07-19

COMMENT
Tourmaline Oil Corp (TOU-T)

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

Portfolio Manager, Sprott Assett Management

Price: $27.380
Owned: No

2017-06-14

COMMENT
Tourmaline Oil Corp (TOU-T)

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 Management

Price: $26.720
Owned: Unknown

2017-06-12

BUY on WEAKNESS
Tourmaline Oil Corp (TOU-T)

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 Management

Price: $27.740
Owned: No

2017-05-24

PAST TOP PICK
Tourmaline Oil Corp (TOU-T)

(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.

Price: $28.410
Owned: Yes

2017-05-23

COMMENT
Tourmaline Oil Corp (TOU-T)

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

Portfolio Manager, Sprott Assett Management

Price: $28.130
Owned: Unknown

2017-05-18

HOLD
Tourmaline Oil Corp (TOU-T)

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 Science and Art

Price: $27.080
Owned: Unknown

2017-04-24

COMMENT
Tourmaline Oil Corp (TOU-T)

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 Capital Management

Price: $27.580
Owned: No

2017-04-07

COMMENT
Tourmaline Oil Corp (TOU-T)

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 Management

Price: $29.180
Owned: Unknown

2017-04-05

COMMENT
Tourmaline Oil Corp (TOU-T)

This has struggled along with natural gas prices, along with some of the egress issues that a lot of producers in the Canadian Western Basin are facing. There is a lot of gas being produced in Western Canada, but not enough pipe to take it away to market. As a result, the Alberta price for gas is trading at a pretty steep discount to the Louisiana price. This is one of the best producers in the basin. They produced about 190,000 barrels of oil equivalent last year, predominantly natural gas. That is going to grow to about 240,000-260,000 barrels this year, mostly on the back of the acquisition of the Shell assets.

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $29.390
Owned: Yes

2017-02-10

PAST TOP PICK
Tourmaline Oil Corp (TOU-T)

(A Top Pick Sept 12/16. Down 16.96%.) He still likes this, although he doesn’t know if he would be buying it just yet. We have had a very warm winter, the 2nd one in a row, that has really put a negative sentiment into natural gas. However, the positive thing is that the inventory levels are 10% below where we were at this time last year, and we are sitting right around the 5-year average. Demand has been picking up significantly, both from US industrial users and exports.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $30.290
Owned: Yes

2017-02-08

PAST TOP PICK
Tourmaline Oil Corp (TOU-T)

(A Top Pick March 21/16. Up 2.93%.) Primarily natural gas. There is some concern that Canadian natural gas will be trapped in Canada if we can’t move it. This is a great company, and the current price has always been a good entry point. As a growth stock, this would definitely be one of his picks at under $30.

oil/gas
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $29.820
Owned: Yes

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