This week’s email will be short and sweet, as most details will be in our new report for a new Bull List stock we’ve added this Sunday.
We’ve added Tourmaline Oil (TSE:TOU) to the Dividend Bull List
If you’ve been a member here for a while, you’ll know that we typically do not add cyclical options to the Bull List, especially ones that rely on commodities. There have been rare instances where we have, such as Agnico Eagle Mines and Canadian Natural Resources. We feel that Tourmaline Oil presents itself as a strong opportunity.
The company only yields 1.4% on a forward basis. However, this yield is underrepresented, primarily because the company expects to pay out all excess free cash flows back to investors over the next half-decade. If the company can hit its expected cash flow guidance next year, its yield should be north of 6.5% at today’s prices.
With that said, we’ll leave most of the reading to our report, which you can read by clicking the link below.
