Tourmaline oil (play on natural gas) great opportunity here. Could stock hit $30 in the next month?

With what is going on in TEXAS. Many companies in natural gas are closed due severe black outs. This is a top play in the energy sector. It is a play on natural gas in North America. Price Natural gas at all time highs. You reviewed this stock as top pick for 2021 in oil patch stocks. Since January 1st,2021 stock is up over 38%. What are your thoughts on this stock possibly hitting $30 in the next month given severe weather conditions in the USA. Also note that there is a lack of natural gas reserves presently in the USA. Why isn’t this stock on your Weekly Top Stocks ?

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Asked on February 17, 2021 4:05 am

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Private answer

Hi Pina,

Our Top stock list is built on a numerical algorithm and does not take into account macro events. So it is but a starting point that takes into account value, growth and safety. You can see the description of how they work in the "how it works" section at the top: https://www.stocktrades.ca/premium/weekly-top-stocks/

We've answered a few questions on TOU before and in our opinion, it is one of the best O&G stocks out there. It is however, dependent on the price of natural gas which will be subject to many factors - include macro events as you've mentioned above.

Will it hit $30? Maybe - we don't look at short term price action. If natural gas continues its upwards trend, then it is certainly a possibility. Bottom line, this will be a volatile play as natural gas has been volatile itself.

Mat

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Posted by Mathieu Litalien

Answered on February 17, 2021 5:21 am

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