Tourmaline Oil (TSE:TOU) Third Quarter 2022 Results
Key Financial Results- Net income: CA$2.10b (up 481% from 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tourmaline Oil Earnings Insights
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat.
Performance of the Canadian Oil and Gas industry.
The company's shares are up 8.8% from a week ago.
Risk Analysis
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About TSX:TOU
Tourmaline Oil
Engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin.
High growth potential with adequate balance sheet.
