Second stock in the clip. GLTA https://www.bnnbloomberg.ca/video/dennis-da-silva-s-top-picks~2878219 Tourmaline Oil (TOU TSX) Largest gas producer in Canada (500k, 25 per cent liquids). CEO of the year. Deeply oversold and good time to buy as in historically does well from March until September. Top tier for execution, management, strategic vision, and high-quality assets. The best gas marketing program among peers, California, and LNG deals, which helps offset periods of weak Canadian prices. Over the next five years, they could return 40 per cent of market capitalization through base/special dividends and grow production over 30 per cent under forward prices.
TOP PICK
Tourmaline Oil Corp(TOU-T)
04/03/2024
Canada's top natural gas producer. CEO was voted top CEO of the year by the Financial Post and owns so many shares and doesn't take a salary. A great time to own this. Shares have been weak in recent months. He expects special dividends ahead and 15-17% total return even at current nat gas prices.
(Analysts’ price target is $77.88)
Oil / Gas
Dennis da Silva
$63.000
Owned