10 Best Long Term ASX Stocks to Buy Now

5) Tamboran Resources Corporation (NYSE:TBN)

Number of Hedge Fund Holders: 4

Tamboran Resources Corporation (NYSE:TBN) is a natural gas company, which is focused on developing unconventional gas resources in the northern territory of Australia. Alliance Global Partners initiated a coverage of the company’s shares with a “Buy” rating and a price target of $32. As per the firm, Tamboran Resources Corporation (NYSE:TBN) provides investors with pure-play exposure to the unconventional Beetaloo Basin. Notably, the company is the largest acreage holder in the Beetaloo Basin with ~1.9 million net prospective acres, held via 100% owned properties and 2 JVs– one with Santos and the other with Falcon Oil & Gas and Daly Waters Energy LP.

Furthermore, Alliance Global Partners opines that 2025 appears to be a year of catalysts for Tamboran Resources Corporation (NYSE:TBN). In a positive development, the company has completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section in the Mid Velkerri B Shale within the Shenandoah South 2H sidetrack (SS-2H ST1) well. Notably, this stimulation was conducted using the Liberty Energy modern stimulation equipment.

Tamboran Resources Corporation (NYSE:TBN) further added that the SS-2H ST1 completion operations achieved 5 stages over a 24-hour period on multiple days, surpassing the previous Beetaloo Basin records.