Overall the report is strong, akin to the one it delivered last year, though not quite the +500 mmboe addition as seen in 2017. Hence, in isolation, we view this report as supportive for the stock, though we believe the market is attenuated to near-term (1-2 year) delivery of growth/returns within existing capital structures and without undertaking undue leverage as one of the principal focal points over and above a reserve/NAV platform currently. On this basis, nothing has changed for Tourma
21 Feb 2019
Tourmaline announces strong reserve report
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Tourmaline announces strong reserve report
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
21 Feb 2019 -
Author:
Robert Fitzmartyn -
Pages:
8
Overall the report is strong, akin to the one it delivered last year, though not quite the +500 mmboe addition as seen in 2017. Hence, in isolation, we view this report as supportive for the stock, though we believe the market is attenuated to near-term (1-2 year) delivery of growth/returns within existing capital structures and without undertaking undue leverage as one of the principal focal points over and above a reserve/NAV platform currently. On this basis, nothing has changed for Tourma