Tourmaline Oil Corp (Alberta) T.TOU

Question

[fishcarrier]

I'm sure we're all looking forward to Tourmaline shipping gas for LNG export to Asia next year. At present I see the price of that LNG is around $34. (US I assume). Does anyone understand how much of that would accrue to Tourmaline? Does that mean instead of selling gas on the NYMEX for, say, $7, they now sell for $34? Or are there considerable deductions?

[JohnSP]

Good question don't know but here's a tidbit: Aug 11, 2022 RBC Equity Research Note - TOU Ace in the Hole - Flexing JKM Contract Value Our view: TOU’s LNG exposure is understood by the market, however Street estimates do not appear to reflect the most recent improvement in JKM pricing (Cal ’23 up +30% MoM). Based on this outlook, we now carry Tourmaline's JKM

[fishcarrier]

JohnSP that's very helpful. Thank you so much.  Here is an update from Thomson-Reuters on Tourmaline. They have down-rated TOU somewhat because they expect lower earnings in Q3. It's down 29% from 90 days ago to $1,925 B. However, they expect for the full year TOU will produce cash flow to be $7.5 B. (Note that TOU says $6.28 B). Year to date p/s is up 87.4%. There are 2 strong buys,

[fishcarrier]

Mea culpa. Correction. I misread the report. They expect q3 earnings to be $1.925/s, down from 90 days ago at $2.715/s. Sales for 2022 are expected to be $8.1B and $8.3B in 2023. Earnings for 2022 are expected to be 7.50/s; in 2023 $14.12. I don't follow how sales will be up just slightly while earnings are expected to be almost double. Have a good weekend everyone! 

[GunnerG]

Your posts are always so confusing.  Why not just post he link and we can double check what your saying.  I have no confidence in the "facts" you post.  You are correct, the sales numbers and earnings make now sense.

[fishcarrier]

GunnerG, I am sorry I am confusing. Maybe it's my advanced age. I would give you a link if I could. I can't even copy it. It is Refinitiv data supplied to Thomson-Reuters that comes with my Investor's Edge. I have more confidence in what I see happening, and no-one needs to agree. I like this stock because it is almost debt-free, because it is leadership-invested, because I have a