Simply Wall St
Mon, April 3, 2023 at 6:43 AM CDT·4 min read
With its stock down 11% over the past three months, it is easy to disregard Tourmaline Oil (TSE:TOU). But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Particularly, we will be paying attention to Tourmaline Oil’s ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Check out our latest analysis for Tourmaline Oil
https://finance.yahoo.com/news/tourmaline-oil-corp-tse-tou-114340353.html
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