Tourmaline Oil Corp (Alberta) T.TOU

Scotiabank Raises Tourmaline Price Target to $57 +Outperform

[bagcheese]

Tourmaline Oil price target raised to C$57 from C$47 at Scotiabank Scotiabank analyst Cameron Bean raised the firm's price target on Tourmaline Oil to C$57 from C$47 and keeps an Outperform rating on the shares.

Read more at:
https://thefly.com/n.php?id=3336133

[ngtraderng]

I'm not a bank analyst but my price target is $120. The back end of the commodities forwards curve will lift when the market realizes that NG is here to stay and that producers won't overproduce like they did in the last decade. Also TOU will be rerated to a premium multiple that it deserves.

[Beakr123]

I like your target price better. 

[bagcheese]

It has been said inthe early days of the compay thatTourmaline would eventually be a $100 stock eventually due to Mike Rose being at the helm. With this latest report, the commodity spot price and the postioning of the company as Canada's largest Nat Gas producer, there is no reason to belive Tourmaline won't eventually be $100+ stock That is if Royal Dutch Shell buys Torumaline first

[Aldan007]

Actually the latest report has a price target of 59 CAD Latest Research (July 29, 2021): OUR TAKE: Positive. TOU delivered strong Q2/21 results with production and Adjusted Funds Flow (AFF) coming in ahead of guidance and Street expectations. The company's 2H/21 drilling program is ahead of schedule and Q3/21 production guidance is just above Street expectations. In our view, the company'

[bagcheese]

This is true, and the average price target is now over $47