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Investment Q&A

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Tourmaline Oil Corp. (TOU)
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Q: Hi 5i,
I haven't seen any comment on TOU's recent quarter. Could you provide your observations and analysis.
Thanks,
Peter

Asked by Peter on May 14, 2024

5i Research Answer:

EPS of 69c missed estimates of $1.17; revenue of $1.47B matched estimates. It raised its dividend, declared a special dividend and confirmed production guidance. Production rose 13%. Cash flow (a more important metric than earnings for energy companies) was $2.45 per share. TOU expects $1.4B in free cash flow this year. Cash flow guidance was raised $200M+. Several brokers raised targets and we would consider the results very good.

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