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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (143180)	2/21/2023 2:28:07 PM
From: Goose94	Read Replies (1) of 203441

Tourmaline Oil (TOU-T) top pick from Brian Madden on BNN.ca Market Call Tuesday February 21st @ 1200ET Tourmaline is Canada’s largest natural gas producer, with 2,500 MMcf/day of production from Montney, Peace River and Deep Basin fields forecast for 2023. It is also the fourth largest midstream Canadian natural gas processor. The company continues to grow earnings at a double-digit pace despite natural gas prices having dropped sharply from their peaks last year. In part, the profit resilience reflects the company’s lean operating model and low-cost structure, but also the company has recently struck a 15-year contract with Cheniere Energy to liquefy natural gas at Cheniere LNG plants on the Gulf Coast and then export it to Asia where pricing can be 10x higher. Tourmaline strikes a nice balance between growth and capital discipline, with production volumes growing at a 15 per cent compound rate over the past five years and a flexible dividend policy that returned $8 to shareholders last year. Trading at 4.2x cash flow and having pulled back 30 per cent in price from the November high, we see good value and a timely entry point into the shares here.

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