Edition:
United Kingdom

Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

21.38CAD
18 Apr 2019
Change (% chg)

$-0.14 (-0.65%)
Prev Close
$21.52
Open
$21.54
Day's High
$21.62
Day's Low
$21.19
Volume
499,734
Avg. Vol
840,125
52-wk High
$26.19
52-wk Low
$15.84

Latest Key Developments (Source: Significant Developments)

Tourmaline Oil Corp Sets Qtrly Cash Dividend Of C$0.10 Per Share
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Tourmaline Oil Corp TOU.TO::TOURMALINE OIL CORP - SETS QUARTERLY CASH DIVIDEND ON ITS COMMON SHARES OF C$0.10 PER COMMON SHARE.TOURMALINE OIL CORP - QUARTERLY CASH DIVIDEND REPRESENTS 11% INCREASE TO Q2 2018 DIVIDEND.  Full Article

Tourmaline Says Current 2018 Capital Budget Remains At $1.1 Bln
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Tourmaline Oil Corp ::TOURMALINE GROWS 2017 CASH FLOW BY 65%, DELIVERS EARNINGS OF $346.8 MILLION, AND ANNOUNCES INAUGURAL DIVIDEND IN Q1 2018.TOURMALINE OIL CORP - CURRENT FULL-YEAR 2018 CAPITAL BUDGET REMAINS AT $1.1 BILLION.TOURMALINE OIL CORP - COMPANY EXPECTS TO SPEND LESS THAN $300.0 MILLION DURING Q1 OF 2018.TOURMALINE OIL CORP - FULL-YEAR 2018 AVERAGE PRODUCTION GUIDANCE REMAINS UNCHANGED AT 270,000-280,000 BOEPD.  Full Article

Tourmaline Oil Corp Says ‍Achieved 2017 Exit Target Of 270,000-280,000 Boepd​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Tourmaline Oil Corp ::TOURMALINE PROVIDES MARKET UPDATE.TOURMALINE OIL CORP - ‍ACHIEVED 2017 EXIT TARGET OF 270,000-280,000 BOEPD, AVERAGING APPROXIMATELY 274,000 BOEPD IN DECEMBER​.TOURMALINE OIL CORP - ‍ACHIEVED YEAR-OVER-YEAR PRODUCTION GROWTH OF 30% IN 2017, ALSO ON TARGET​.TOURMALINE OIL CORP - LIQUIDS PRODUCTION IS ANTICIPATED TO GROW TO 70,000 BPD-75,000 BPD BY Q4 2019.TOURMALINE OIL CORP - TOTAL Q4 2017 LIQUIDS PRODUCTION GREW BY APPROXIMATELY 60% OVER Q4 2016​.TOURMALINE OIL CORP - INCREASED ITS OIL HEDGES FOR 2018 TO 8,663 BPD AT AN AVERAGE FIXED PRICE OF $53.87 US/BBL.TOURMALINE OIL CORP - COMPANY HAS ELECTED TO LEAVE FIVE YEAR PLAN GUIDANCE UNCHANGED AT THIS TIME.TOURMALINE OIL CORP - ‍CURRENT PRODUCTION IS RANGING BETWEEN 270,000 AND 275,000 BOEPD​.TOURMALINE OIL - ‍Q4 2017 AVERAGE PRODUCTION WAS APPROXIMATELY 263,000 BOEPD​.TOURMALINE OIL CORP - ‍CURRENT TOTAL LIQUIDS PRODUCTION IS APPROXIMATELY 48,000 BPD​.TOURMALINE OIL CORP - EXPECTS TO GENERATE APPROXIMATELY $1.6 BILLION IN FREE CASH FLOW BASED ON CURRENT FIVE-YEAR PLAN.TOURMALINE OIL - CURRENTLY SEES FY 2018 PRODUCTION GROWTH OF ABOUT 10% FROM A CAPITAL PROGRAM EXPECTED TO GENERATE "SIGNIFICANT" FREE CASH FLOW.TOURMALINE OIL - ‍ESTIMATES 2018 AVERAGE PRODUCTION OF 270,000-280,000 BOEPD​.  Full Article

Tourmaline Oil Forecasts 2018 Average Production Of 270,000 Boepd
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Tourmaline Oil Corp ::TOURMALINE OIL - CONTINUE TO FORECAST 2018 AVERAGE PRODUCTION OF 270,000 BOEPD.TOURMALINE OIL - ACHIEVED 2017 EXIT PRODUCTION TARGET OF 270,000 BOEPD ON DECEMBER 1.TOURMALINE - CURRENT PRODUCTION IS 277,000 BOEPD; FURTHER EP ACTIVITIES EXPECTED TO GROW PRODUCTION TO EXCESS OF 280,000 BOEPD BY DEC.-END.  Full Article

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 Q2 earnings per share ‍$0.40​
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Tourmaline Oil Corp :Tourmaline more than doubles six month cash flow and continues profitable strong growth.Quarterly revenue rose 94 percent to c$479.3 million.Tourmaline Oil Corp says ‍Q2 2017 production of 235,540 boepd was up 27% over Q2 2016 production of 185,812 boepd​.Tourmaline Oil Corp says ‍Q2 2017 liquids production of 36,127 bpd was up 60% over Q2 2016 liquids production of 22,640 bpd​.Tourmaline Oil Corp says ‍continues on track to achieve full-year 2017 average production of 240,000-260,000 boepd​.Tourmaline Oil Corp says ‍anticipating reaching 250,000 boepd milestone in second half of August​.Tourmaline Oil Corp says ‍remains on track to execute a $1.3 billion 2017 EP capital program​.Tourmaline Oil Corp says ‍2018 EP capital program has been reduced from $1.79 billion to $1.52 billion​.Tourmaline Oil Corp sees ‍2018 average annual production of 280,000-300,000 boepd​.Qtrly earnings per share ‍$0.40​.  Full Article

Tourmaline expects average Q2 production volumes of 235,000 to 240,000 boepd
Tuesday, 4 Jul 2017 

July 4 (Reuters) - Tourmaline Oil Corp ::Tourmaline updates Q2 2017 activities.Currently operating 10 drilling rigs and will ramp to full 18 rig fleet during first half of July​.Expecting average Q2 2017 production volumes in 235,000-240,000 boepd range.‍Approximately 175 new wells will be tied-in during second half of 2017​.Anticipates reaching 250,000 boepd production milestone during second half of August 2017.Remains on track to achieve full-year 2017 production guidance of 240,000-260,000 boepd​.‍Planned outages on TCPL and Spectra/Enbridge were both extended longer than originally estimated​.Unplanned shutdown on Alliance system further reduced monthly volumes​.Cash flow, capital spending and cash costs are better or as anticipated for Q2​.  Full Article

Tourmaline Oil says Q2 2017 production has averaged 240,000-245,000 BOEPD to date
Monday, 29 May 2017 

May 29 (Reuters) - Tourmaline Oil Corp :Tourmaline oil - fy 2017 annual ep capital spending of $1.33 billion remains unchanged and will generate approximately 30% production growth in 2017.Plans to operate 18 rigs in 2h 2017, with an estimated 175 new wells completed and brought on production by year end.Tourmaline oil corp - q2 2017 production has averaged 240,000-245,000 boepd to date which is already within fy average guidance of 240,000-260,000 boepd.  Full Article

Tourmaline Oil reports Q1 EPS of C$0.37
Thursday, 4 May 2017 

May 4 (Reuters) - Tourmaline Oil Corp :Tourmaline achieves strong earnings as well as record production and cash flow in the first quarter.Q1 earnings per share c$0.37.Q1 2017 production of 233,278 boepd, a 22% increase over prior quarter.Q1 revenue rose 67 percent to c$466.6 million.Tourmaline oil corp - current daily production is ranging between 240,000 - 245,000 boepd.expects to bring approximately 32 new wells on production during q2.first-half 2017 capital budget of $575.0 million will be less than or equal to first-half cash flow.expects full year 2017 operating expenses per boe to increase slightly over q1 rate.Tourmaline oil corp - anticipates delivering over 30% production growth in 2017 with full-year capital budget of $1.3 billion.company's average operating cost target is approximately $3.60/boe in 2017.management believes company has sufficient resources to fund its 2017 exploration and development program.  Full Article

CANADA STOCKS-TSX edges higher after Bank of Canada keeps rates unchanged

March 6 Canada's main stock index edged higher on Wednesday, after the Bank of Canada kept interest rates unchanged in line with expectations in the wake of a broad economic slowdown.