Tourmaline Oil Trading 0.4 percent Higher - Heres What Happened - MarketBeat
| TOU Stock | CAD 63.60 1.92 3.11% |
About 55% of Tourmaline Oil's investors are presently thinking to get in. The current sentiment of investing in Tourmaline Oil Corp suggests that some traders are interested. Tourmaline Oil's investing sentiment overview a quick insight into current market opportunities from investing in Tourmaline Oil Corp. Many technical investors use Tourmaline Oil Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Tourmaline |
Tourmaline Oil Trading 0.4 percent Higher - Heres What Happened MarketBeat
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Tourmaline Oil Fundamental Analysis
We analyze Tourmaline Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tourmaline Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tourmaline Oil based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Tourmaline Oil is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Tourmaline Oil Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tourmaline Oil stock to make a market-neutral strategy. Peer analysis of Tourmaline Oil could also be used in its relative valuation, which is a method of valuing Tourmaline Oil by comparing valuation metrics with similar companies.
Peers
Tourmaline Oil Related Equities
| MEG | MEG Energy | 3.28 | ||||
| ARX | ARC Resources | 2.41 | ||||
| WCP | Whitecap Resources | 1.53 | ||||
| BIR | Birchcliff Energy | 1.39 | ||||
| VET | Vermilion Energy | 0.74 |
Other Information on Investing in Tourmaline Stock
Tourmaline Oil financial ratios help investors to determine whether Tourmaline Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tourmaline with respect to the benefits of owning Tourmaline Oil security.