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Canada's largest natural gas producer sees stock rocket nearly 200%, fuelled by rare boom in sector


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CALGARY The deep freeze that swept across North America last month will provide a bumper year for Canada’s largest natural gas producer Tourmaline Oil Corp., a stock-market darling, that believes the outlook for gas is improving even in warmer weather.
Tourmaline took advantage of the Polar Vortex in February, which blew Arctic weather across Texas and other southern U.S. states, by selling huge volumes of natural gas it had stored near San Francisco and Toronto to earn what analysts termed a “windfall” in February.
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Posthaste: Don't write off Canadian pipeline companies just yet — there is plenty of growth left post-KXL


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Canada’s pipeline sector was shaken up by U.S. President Joe Biden’s decision to nix TC Energy Corp.’s Keystone XL pipeline, but don’t write off the industry — and TC Energy — just yet, analysts say.
RBC Dominion Securities Inc. analyst Robert Kwan argues that a decade-long cliffhanger surrounding KXL’s construction was weighing down on TC Energy’s stock and its cancellation ‘cleans up the story’, as it allows investors to focus on the company’s other businesses.
“From a financial perspective, we calculate a modest reduction in EPS (earnings per share) associated with ceasing the booking of capitalized interest, partially offset by not recording non-controlling interest expense associated with the Alberta government’s funding,” Kwan wrote in a note for clients on the weekend. ....

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