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Tourmaline Oil Corp. (TSE:TOU.TO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Tourmaline Oil Corp. (TSE:TOU.TO) seasonal charts above shows that a Buy Date of February 1 and a Sell Date of May 21 has resulted in a geometric average return of 7.39% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 9 years by an average of 22.14% per year.

The seasonal timeframe correlates Strongly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of TOU.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Tourmaline Oil is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Production averaged 265 thousand barrels oil equivalent per day in 2018, and the company estimates that it holds approximately 2,460 million boe of proved and probable crude oil and natural gas reserves.

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