Q: Tourmaline has a contract to supply LNG.How many years are left and at what price.Will this contract have a huge impact on TOU if not renewded. I know that Nat Gas is driving their sales.With TPZ being seperate are they well positioned to continue their dividends. 5i has rated TOU a best in class stock which I own and have small investment in Cheniere.. 5i does future hold well for the stocks if recession appears in 2025 or 2026.
5i Research Answer:
TOU added two recent LNG contracts which go to 2034. TPZ we do not see as having any issues with its dividend. Its financial position is quite solid overall. A recession is not overly likely to change gas prices significantly from their already very-low level.