Tourmaline Oil Corp (Alberta) T.TOU

Nice day today - Crack $40 soon.

[Cheadle12]

This was a great name to short down to around $6 (from $60) and we certainly did very well in that trade, but you always have to be tuned into possible upside when a company like Tourmaline trends down to $6 and it has the potential to head back up to $60.

Not everyone has the fortitude to short a name like Tourmaline, some among us have been holding this name since it was $60 and have been sitting on fully dead money now for 4+ years, praying for the stock to go back up so they can 'seemingly' break even.  But break even is no longer $60 given TVM, some will need $80 to make their money back on this name.

Great gains and long it may continue.  $5+ Nymex & $4 AECO.  TOU also has the California market buttoned up.  Good mgmt team and plenty of options for their abundant FCF.

GLTA

~TGC.

[uncutgems]

more BS. does it ever end?

[bagcheese]

Pretty hard shorting the best performing major resources company in North America in the last year. And there would be extremely minimal share holders from 2014. Think about it, that was over 7 years ago now that oil crashed. Being said the current run up in SP for Tourmailne is essentially Blue Sky High as there wouldnt be enought shareholders holding shares at $40 plus from 7 yeara ago to

[Cheadle12]

Well it seems like the Great Cheadle was right on the money, again.  Certainly cracked $40 & blew past it. Good name to hold now on the run up.  Not quite as high performing as my Crew shares, nor my Kelt shares, but certainly a steady climb. Hoping for the ultra long term holders here such as Bagcheese and others to eventually get up to $60/$80 range so they can finally get back

[biggerr]

Why does it have the P/E of only 10? It's much lower than other natgas stocks like BIR or ARX

[Cheadle12]

Because it's cheap relative to earnings. ARX had a lot of hedging losses..  BIR, not sure, but likely less earnings. Look more at Cash Flow & Free Cash Flow.  When looking at Free Cash Flow, look at CapEx.. sometimes FCF yields can be high, but they've taken the foot off the capex gas..   Kelt is a good example of a company of putting all of their cash flow to