New Found Gold Corp V.NFG

RE:Whoa mama

[AlwaysLong683]

Bubbilicious wrote:

TOU-T	TOURMALINE OIL CORP	12	0	0	$77.82	$98.92

12 buys no holds no sells on that nat gas stock. And a target of $100.

Is that good?

How many unbiased analysts you got covering nfg?

Bubba

Tourmaline Oil is actually misnamed. Most of its output is natural gas / liquids, not oil.

That said, it may be the best run O&G E&P company in Canada.

TOU has been a 10 bagger since the depths of the COVID crisis, going from about $7 - $8 a share in March 2020 straight up to $70 / $80 a share currently.

What's that they say about knowing where the puck is going, not where it is now.....?

If recession hits in 2023, how well will oil and natural gas prices do?

If it's a warm winter, how well will natural gas prices do?

How much hedging does TOU have in place if such events occur, and at what prices? 

This company's management is smart, but if a recession hits, my guess is if one or both of the above occur, the share price goes significantly lower.

P.S. If an "investor" places a significant amount of faith in analysts, I think they should reconsider whether they should be investing in stocks at all. Analysts revise their targets all the time if things head south. If you can' think for yourself, consider looking to a qualified professional financial advisor for help, or go to your bank and inquire about high interset savings accounts and GICs.