CA - Reasons To Buy Tourmaline Considering Lowered Gas Prices
2023-04-02 06:21:44 ET
Summary
- As natural gas and oil prices jumped, Tourmaline's net income increased by 125% YoY in 2022.
- The company’s return ratios and margin ratios improved significantly in 2022.
- Energy prices are not as high as before and are not expected to jump in the following quarters.
- Thus, it is not wise to expect Tourmaline’s 2023 results to be as strong as in 2022.
- However, based on its acquisitions and developments, even with current energy prices, the company can cover its obligations, reward its shareholders, and expand its operations.
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Reasons To Buy Tourmaline Considering Lowered Gas Prices