Tourmaline Oil Corp (Alberta) T.TOU

Mike Ro$e

[bagcheese]

I can hear Royal Dutch Shell putting together a buyout offer at $70 a share right now. 

God Bless Mike Ro$e!!!!!

[Cheadle12]

For once, we agree bagcheese. Can we bury the hatchet and agree that TOU (and ARX) are great companies. I hold both.

[llerrad5]

Why over the years that I've watched bb do nearly all of think they at under valued and about to be bought out???

[Beakr123]

Want to try that again? 

[bagcheese]

Before the recent report TOU had a P/E of 11. The P/E is now 8 even after the increase in share price. CNQ has a P/E of 16 and Suncor's P/E is over 20.  Tourmaline could have an increase in share price over $60 and still be cheap on a price to earnings basis particularly if they keep reporting like they have for years. And if I read correctly, there's more special dividends coming

[CHECKMATE77]

Oil/gas stocks do not trade as a ratio of pe they are more reflective as trading as a ratio of price to cash flow  

[Cheadle12]

and lately (less capex desired by investers -> Return of Capital) - price to FREE cash flow.

[bagcheese]

Even better then. As TOU reported record cash flow.