Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

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.

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Tourmaline Oil Corp (Alberta) > Top Pick

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Comment by Possibleidiot01on Aug 28, 2023 3:00pm

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Post# 35608574

RE:Top Pick

Tourmaline Oil (TOU TSX)

Canada’s top natural gas producer. About 25 per cent as big as CNQ in market cap but roughly 40 per cent of the production. The price of natural gas is temporarily depressed so we believe an opportunity here. Target price of $85 on the street which gives us an expected return of 28 per cent plus the dividend of 1.5 per cent. It scores a perfect 10/10 from value score and 9/10 fundamental score with a consensus on the street of outperform. We believe that Tourmaline is positioned to improve its financial resiliency and boost shareholder returns. We are continuing to build a larger position in the portfolio.

stockchase.com

TOP PICK

Canada's top natural gas producer. Nat gas price was temporarily depressed, so this presents an opportunity. Hitting its 50-day MA, so technically not a bad entry point. Value score is 10/10, fundamental 9/10. Street consensus is Outperform. In a position to improve financial resilience and boost shareholder returns. Yield is 1.54%.

(Analysts’ price target is $80.56)

oil / gas

$67.390