Canadian NatGas producer Tourmaline is growing—fast; free cash will pay for dividend, debt reduction By Richard Rostad, analyst, Oil & Gas 360 Tourmaline Oil (ticker: TOU) announced fourth quarter results and reserves today, showing net earnings of $190.9 million, or $0.70 per share. The company’s Q4 2018 earnings are more than double those of Q4 2017, as improved natural gas
From Canada NewsWire Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce that the nominees listed in its information circular dated April 20, 2018 were elected as directors of Tourmaline at its annual and special meeting of shareholders on June 6, 2018 in Calgary, Alberta (the “Meeting”). All matters presented for approval at the Meeting, including
Shell sells non-core assets to Tourmaline Oil Corp. for US$1.04 billion Royal Dutch Shell (ticker: RDSA) announced that its Canadian subsidiary has sold approximately 206,000 net acres of oil and gas properties, three 100%-operated gas plants and 719 kilometers (447 miles) of pipelines for US$1.04 billion (C$1.37 billion). The consideration is comprised of US$758 million in cash and shares in
CALGARY, AB–(Marketwired – October 14, 2015) – Tourmaline Oil Corp. (TOU.TO) (“Tourmaline” or the “Company”) is pleased to provide updated production, cash flow(1) and exploration and production (“EP”) capital spending guidance for 2016 and 2017. 2016/2017 PRODUCTION AND CAPITAL GUIDANCE The Company’s guidance for production growth, EP capital spending and cash flow for 2016/2017 is based on two commodity price
Tourmaline Oil Corp. Increases Size of Bought Deal Financing Tourmaline Oil Corp. (TOU.TO) (“Tourmaline” or the “Company“) is pleased to announce that in connection with its previously announced bought-deal financing, Tourmaline and the syndicate of underwriters led by led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National Bank Financial Inc., TD Securities Inc.,
Tourmaline Oil Provides Operations and Financial Update in Advance of June 3, 2015 Annual Meeting Tourmaline Oil Corp. (TOU.TO) (“Tourmaline” or the “Company”) is pleased to provide an operational and financial update. EP PROGRAM UPDATE Tourmaline currently has six rigs active post-break-up and plans to activate the remaining 10 rigs in early July. Continued optimization of recently expanded facilities has
Tourmaline Achieves Record Production in the First Quarter as Strong Well Results Continue Tourmaline Oil Corp. (TOU.TO) (“Tourmaline” or the “Company”) is pleased to announce record production results for the first quarter of 2015. HIGHLIGHTS Record average production of 143,725 boepd in the first quarter of 2015, up 40% over first quarter of 2014, and 10% over the prior quarter.
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