Tourmaline Oil Corp (Alberta) T.TOU

National Bank

[retiredcf]

While most other analysts are raising their targets, this one from National Bank has dropped targets for pretty much every energy company within their coverage. This included the likes of CNQ, SU, CVE, CPG, VET, etc. but the list below are the ones that I own. And based on our closing price, he's already behind the 8 ball. GLTA

ARC Resources Target Lowered by National Bankshares C$24.00 C$21.00

 

Birchcliff Energy Target Lowered by National Bankshares C$12.50 C$11.00

Freehold Royalties Target Lowered by National Bankshares C$19.50 C$18.00

Spartan Delta Target Lowered by National Bankshares C$18.00 C$14.50

Tourmaline Oil Target Lowered by National Bankshares C$75.00 C$62.50

Tamarack Valley EnergyTarget Lowered by National Bankshares C$8.00 C$7.00

Whitecap Resources Target Lowered by National Bankshares C$17.50 C$16.00

 

[CriticalMind55]

These targets do not reflect the rising gas prices, does he know where they are going? many estimates up or down do not come to fruition but derive sentiment, create self fulfilling prophecy...

[fishcarrier]

You get funny stories. For example, some people said gas prices were going up because of the cold weather this past week. Maybe. But the underlying conditions seem to be 2. 1. Inventories are very low historically. 2. This headline from OilPrice.com: US Natural Gas Prices to Spike as Exports Boom: In an effort to counter the energy crunch in Europe the US has agreed to export more LNG, but that

[Zaphod]

I wouldn't expect oil to go much over 100 and remain I think 80 or 90 is a long term position. All it takes is one OPEC country needing some more cash flow or Venezuela getting back in the good box and the price goes down. Natural gas is seasonally high it'll drop down very soon 

[Cobalt]

Dont follow oil to close eh , Venezuela is decaying into a heap of rust day by day and as for OPEC only 2 might have spare capacity the rest cant even meet their quota , $140 oil by year end

[mako88sb]

Normally I would agree but things are quite a bit different with the sudden need to help out Europe prepare for next winter. 

[retiredcf]

I received two observations on this from different BBs so I broke out google and did some digging. Couldn't find them all but I located some of them (including two on my list) that were supposedly downgraded and it does look like Marketbeat did indeed post the wrong info on their Friday morning summary page. So all of the numbers on the list should be reversed. Therefore TOU was upgraded from