Topic: How To Invest

Hi Pat: What is your opinion on Tourmaline Oil Corp? Thank you.

Article Excerpt

Tourmaline Oil, $37.19, symbol TOU on Toronto (Shares outstanding: 175.4 million; Market cap: $6.4 billion; www.tourmalineoil.com), has over 7,200 drilling locations in western Canada and the funds to pursue an active exploration program. That should let it steadily add to its production, which ended 2012 at over 70,000 barrels of oil equivalent (including natural gas) per day. That’s up from an average of 48,176 barrels a day in the 2012 third quarter. The company expects to reach 75,000 barrels a day by March 2013, and it has a further 13,000 barrels that it expects to bring into production in May. About 88% of Tourmaline’s production is natural gas, but the company’s stock continues to rise despite low gas prices because of its steadily rising production. Tourmaline is okay for aggressive investors to hold. …