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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
Before we wrap up, we've discovered 4 warning signs for Tourmaline Oil (2 are a bit unpleasant!) that you should be aware of.Valuation is complex, but we're here to simplify it.
Discover if Tourmaline Oil might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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.
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