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Tourmaline Oil Corp (TOU-T) opinion on 2016-12-06

Last Price Recorded: 20.7900 on 2018-01-17

ON STOCKCHASE SINCE Dec 2010

oil/gas
oil/gas
SELL

Mason Granger
Tourmaline Oil Corp was $36.930 at time of opinion
Owned : No

One of the premier natural gas producers. They have an excellent cost structure and a pretty good balance sheet. Recently did a pretty big acquisition from Shell. His issue is that the company is bumping up against 200,000 barrels a day. If you pick a decline rate, which he would imagine would be close to 40%, the company basically has to replace 80,000 barrels every year, either organically or through acquisitions. That becomes harder and harder for a company this size.

UNKNOWN

All opinions for TOU-T (231)

38 BUY
6 BUY on WEAKNESS
45 COMMENT
14 DON'T BUY
17 HOLD
1 PARTIAL BUY
35 PAST TOP PICK
1 SELL
3 STRONG BUY
56 TOP PICK
7 WAIT
6 WATCH
2 WEAK BUY
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All opinions for TOU-T (231)

38 BUY
6 BUY on WEAKNESS
45 COMMENT
14 DON'T BUY
17 HOLD
1 PARTIAL BUY
35 PAST TOP PICK
1 SELL
3 STRONG BUY
56 TOP PICK
7 WAIT
6 WATCH
2 WEAK BUY
View All

More experts covering TOU-T

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Add TOU-T to Watch List

Last 60 Days Opinions

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COMMENT
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BUY
1 month ago
WEAK BUY
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COMMENT
1 month ago
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1 Comment

barney11

December 11th 2016 at 2:16pm

"He wants to own companies that have institutional following and access to capital markets and could do smart acquisitions at the bottom of the cycle." Does this sound familiar Mason? It sounds like you are describing TOU but no, you recommend selling TOU. Do you own TOU??? You recommend and own Baytex and are watching Bonivista as a potential buy and TOU is a sell. Your reasoning doesn't even make sense. I tape all Market Calls and will be deleting your visits. I do not own TOU, but after my recent research will be buying it....NOT SELLING IT.


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