Scotiabank has revised its price target for Tourmaline Oil (TRMLF, Financial), reducing it from C$95 to C$85. Despite this adjustment, the bank continues to rate the company's shares as "Outperform." This reassessment comes as part of Scotiabank's broader update on its stock forecasts within the North American Natural Gas sector.
The bank remains optimistic about the industry's future, even with recent tariff announcements. It views the current conditions as supportive of a bullish market environment. Scotiabank's renewed focus highlights the potential opportunities within this sector, suggesting strong underlying factors that could drive growth.
