Eric NuttallVery similar to his comments for ERF. A great company but he's currently throwing all of his eggs into the heavy oil basket so NG companies are on the sidelines. As can be seen,, there's no change from May except the SP is up about 17% (ERF was over 20%) since then. Finally, when asked about BIR, he said if you believe in NG, why would anyone buy BIR (whose dividend is at risk) when they could buy TOU. GLTA
WAIT
Tourmaline Oil Corp(TOU-T)
23/08/2023
One of the best management teams, massive insider ownership. 75-year-deep, diversified inventory. But it's still 77% natural gas, and he's bullish on oil. For next year, he sees a 7.6% yield by including special dividends. Solid name.
Oil / Gas
Eric Nuttall
$66.990
Unknown
WAIT
Tourmaline Oil Corp(TOU-T)
31/05/2023
Don't buy now if you're looking for capital appreciation. It's discounting nat gas price meaningfully higher than current price, as it should because current price is not sustainable. Nat gas inventories are high and supply will grow this year. LNG capacity buildout is a catalyst for 2024/25, not for now.
Incredibly well run, great assets. He'd take a look around $45.
Oil / Gas
Eric Nuttall
$57.515
Unknown