Bullboard - Stock Discussion Forum 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... see more

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Tourmaline Oil Corp (Alberta) > Tou 12 Recent 12 month price forecasts

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Post by integrity11 on Oct 20, 2023 2:46pm

Tou 12 Recent 12 month price forecasts

Many Tou shareholders will already have seen the recent 12 month share price forecasts, but for those who don't follow I have listed the most recent forecasts all of which were made since Tou's recent purchase of Bonavista Petroleum.

RBC $84 to $86, TD $77 to $79, National Bank $75 to $80, Canaccord $75 to $78, ATB &90 to $92, CIBC $77 to $82.50, Stifel $77 to$78, and BMO from $75 to $77. These forecasts were mostly updated on October 17. The average 12 month forecast share price based on these 8 forecasts is $81.50.

I don't make investment decisions on these forecasts, but I do study them as part of my investment decisions. Imo Tou has some very good upside, but short term we do need the commencement of cool weather to continue to bring storage levels down to the 5 year average or below.

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