Top Pick DetailsLast stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/shows/market-call/2024/07/23/andrew-pinks-top-picks-capital-power-storagevault-canada-and-tourmaline-oil/
Tourmaline Oil (TOU TSX)
Tourmaline is a natural gas-focused energy producer in the Western Canadian Sedimentary Basin. Natural gas is coming through a period of significant oversupply that has put pressure on the spot price and caused natural gas-focused stocks to decline. With an early start to hurricane season, wildfires disrupting production in western Canada, and recent excessively humid temperatures across North America, we expect this supply dynamic to shift throughout the year and for a stronger market to emerge in 2025 when we begin to see export capacity scale higher, primarily from the commissioning of LNG Canada. TOU is the highest quality natural gas producer in Canada, actively hedges forward production, and can sell into the widest number of markets. We think the current share price offers a compelling entry point for investors wanting to play this theme.
TOP PICK
Tourmaline Oil Corp(TOU-T)
23/07/2024
Has owned this a long time. It ran up from 2020-22 so he trimmed it. Hurricane Beryl impacted the Gulf Coast and 50% of its refining capacity, so this benefits TOU.
(Analysts’ price target is $77.60)
Oil / Gas
Andrew Pink
$61.050
Owned