Investment Q&A

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Imperial Oil Limited (IMO $124.60)
- $124.60 P/E (TTM): 13.9X Cap: $63.92B
- View IMO Profile
- View Questions on IMO
Tourmaline Oil Corp. (TOU $60.34)
- $60.34 P/E (TTM): 15.01X Cap: $22.96B
- View TOU Profile
- View Questions on TOU

Q: Hi.

Do you agree with TD's move on TOU from Buy to Hold? They also downgraded IMO to a sell. With the anticipated increase in demand for Nat Gas, in spite of TOUs low FCF yield, I would think there is runway for them. Any comments on both IMO and TOU?

Carl

Asked by Carl on October 02, 2025

5i Research Answer:

The downgrade stems from 'higher valuation' and 'significant capital expenditures'. But it is...

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