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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.


TSX:TOU - Post by User

Post by retiredcfon Sep 15, 2022 7:39am
194 Views
Post# 34963756

Analyst Recommendation

Analyst RecommendationLast stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/greg-newman-s-past-picks~2520793

Tourmaline Oil (TOU TSX)
  • Then: $41.10
  • Now: $82.27
  • Return: 100%
  • Total Return: 123%
PAST TOP PICK
Tourmaline Oil Corp(TOU-T)
13/09/2022 at 08:00pm
 
(A Top Pick Sep 22/21, Up 123%) At 2.7x, still cheap relative to peers. Being added to TSX 60, a catalyst. Will benefit from global natural gas exposure. Can go higher.
OIL / GAS
 
Greg Newman
$83.720
Owned

HOLD
Cenovus Energy(CVE-T)
13/09/2022 at 08:00pm
 
Balance sheet is great. Cashflow per share growth is 41%. Reasonable valuation. Trading in line, a fine play. He prefers some smaller caps really trading at a discount like VET, ARX, TOU, CPG, and PEY.
OIL / GAS
 
Greg Newman
$25.440
Unknown


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