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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

21.88CAD
8 Dec 2017
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Tourmaline reports qtrly revenue $410.6 million
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Tourmaline Oil Corp ::Tourmaline continues profitable growth in q3 2017 and introduces growth/dividend five-year plan.Q3 earnings per share C$0.19.Tourmaline Oil Corp - ‍Q3 average production was 236,905 boepd - a 40pct increase over q3 2016​.Tourmaline Oil Corp - ‍expecting 2018 production to average between 270,000 boepd and 280,000 boepd​.Tourmaline Oil Corp - ‍expecting 2017 full-year production to average between 240,000 boepd and 250,000 boepd​.Tourmaline Oil Corp - qtrly revenue $410.6 million versus $304.5 mln‍​.  Full Article

Tourmaline Qtrly loss per share $0.34
Wednesday, 3 Aug 2016 

Tourmaline Oil Corp : Tourmaline achieves strong first half growth with a cash flow budget . Qtrly revenue $247.1 million versus $298.7 million . Q2 2016 average production of 185,812 boepd represents a 29% increase over q2 2015 production of 143,634 boepd . Company remains on track for full-year 2016 average production of between 190,000 and 195,000 boepd . Current 2017 production guidance of 215,000 boepd is based on a 12-rig drilling program . Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion . Expects strong second half 2016 production growth with over 100 new wells across all 3 core complexes coming on-stream prior to year-end . Current 2017 production guidance of 215,000 boepd . Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion . Expects strong h2 2016 production growth with over 100 new wells across all three core complexes coming on-stream prior to year-end . Qtrly loss per share $0.34 .First half 2016 average production of 190,820 boepd, within fy guidance range of 190,000-195,000 boepd and 33% increase over 1h 2015.  Full Article

Tourmaline Oil Corp increases size of bought deal financing
Tuesday, 15 Mar 2016 

Tourmaline Oil Corp:Will now issue 9,000,000 common shares ("Common Shares") at a price of $27.11 per Common Share for gross proceeds of $243,990,000.Net proceeds of the Offering and the private placement will be used to temporarily reduce indebtedness, for general working capital purposes, and to fund potential acquisition opportunities.  Full Article

CANADA STOCKS-TSX slips on materials shares, U.S. tax reform worries

TORONTO, Nov 9 Canada's main stock retreated for a second straight day on Thursday as materials and financial shares lost ground and worries about the prospects of U.S. tax reform weighed on Wall Street.