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  5. TOU: Hello Peter I have a partial position for exposure to oil and gas sector; some dividend and hopefully cap gains, 3 years hold for the recent pull back of TOU as some of your answers re [Tourmaline Oil Corp.]
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Q: Hello Peter
I have a partial position
for exposure to oil and gas sector; some dividend and hopefully cap gains, 3 years hold
for the recent pull back of TOU
as some of your answers re: question to the above, the sector has pulled back

what is a good entry price?
I am patient

thanks
Michael
Asked by Michael on January 19, 2024
5i Research Answer:

TOU is 12X earnings today, with a 1.9% dividend and four special dividends promised for 2024. Nat Gas is weak again these past few days and now flat for the year. TOU's 52-week low is just below $50 and we would be surprised if it got there. $55 we think would start to be quite attractive. 

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