Tourmaline An Acquisition Candidate: Majors Return to CanadaHi folks,
I have been a long-time holder (and fan) of Tourmaline. It has been really impressive what the team has created over the past decade especially during the "down" years.
Tourmaline has come through a good round of capex and acquisitions.
With the major shift going on in global energy markets and Canada's relative ranking rising, I have wondered if the "Majors" are having another look at Canada. I know that in the abscence of a deal actually being done, we are all speculating so please take this post for what it is. When I consider the strategic backdrop for Tourmaline, it would certainly fit the "ESG" criteria, "Reserve" criteria, "Infrastructure" criteria, and Production" criteria.
Analysts aren't really banging the proverbial table suggesting the Major's will return to Canada in an M&A capacity; however, I am wondering if others have a view towards this?
Appreciate your thoughts and have a great weekend!
LR