We have made no changes to our 2016e and 2017e forecast upon receipt of this update and as a result have left our $39.50/sh target price unchanged, reflective of a 2017e EV/DACF of 9.8x on the current strip. Implied returns to our 12-month target price from current market levels are strong and justify the maintenance of our Outperform ranking.
06 Jan 2016
Tourmaline Oil Corp. (TOU) Hits High End of 2015 Exit Production Target, Provides Operations and 2016 Capital Spending Update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Tourmaline Oil Corp. (TOU) Hits High End of 2015 Exit Production Target, Provides Operations and 2016 Capital Spending Update
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
06 Jan 2016 -
Author:
Robert Fitzmartyn -
Pages:
6
We have made no changes to our 2016e and 2017e forecast upon receipt of this update and as a result have left our $39.50/sh target price unchanged, reflective of a 2017e EV/DACF of 9.8x on the current strip. Implied returns to our 12-month target price from current market levels are strong and justify the maintenance of our Outperform ranking.