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UBS has reiterated a Neutral rating on Tourmaline Oil Corp, maintaining a target price of Cdn$80.00. The company, valued at $18.2 billion, shows strong financial health and operational productivity, particularly in the Deep Basin and Montney region, but may face challenges from lower natural gas prices. Investors are keenly awaiting the first quarter results on April 30, which are expected to reveal insights into free cash flow and a potential dividend announcement exceeding $0.85 per share.
Tourmaline Oil Corp. is a North American natural gas producer focused on long-term growth through exploration, development, and acquisitions in the Western Canadian Sedimentary Basin. The company operates in three basins, including the Alberta Deep Basin and NEBC Montney Gas/Condensate, with interests in 22 natural gas assets and seven processing plants with a capacity of approximately 1.0 Bcf/d. Additionally, it owns two oil batteries in the Peace River Triassic Oil Basin, emphasizing its extensive operations in northeast British Columbia.
Tourmaline Oil Corp. has become Canada’s largest emitter of methane, with emissions surging 200% following recent acquisitions. In October, the company vented 3,862.5 cubic meters of natural gas, marking a threefold increase from September and reaching 84.8 metric tons per day, the highest recorded since 2020.
Tourmaline Oil Corp.
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ubs maintains neutral rating on tourmaline oil with target price of 80 dollars
15:11 27.03.2025
tourmaline oil corp focuses on natural gas production and long term growth
18:01 17.01.2025
tourmaline oil becomes largest methane emitter in canada after acquisitions
18:16 09.12.2024
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