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Tourmaline Oil Corp

TOU.TO

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52 Week Range

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As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Tourmaline Confirms 2020 Guidance And Achieves 2019 Exit Targets

Dec 17 (Reuters) - Tourmaline Oil Corp <TOU.TO>::TOURMALINE CONFIRMS 2020 GUIDANCE AND ACHIEVES 2019 EXIT TARGETS.TOURMALINE OIL CORP - 2020 AVERAGE PRODUCTION GUIDANCE OF 315,000 - 320,000 BOEPD ON 2020 EP CAPITAL SPENDING OF $925.0 MILLION.TOURMALINE OIL CORP - SEES 2020 FREE CASH FLOW OF $345.0 MILLION UTILIZING STRIP COMMODITY PRICING.TOURMALINE OIL CORP - ACQUISITION ACTIVITY IN 2020 WILL BE FUNDED VIA ADDITIONAL FUNDS RAISED THROUGH CREATION OF TOPAZ ENERGY CORP.TOURMALINE - PRODUCTION INTERRUPTION AT PEMBINA SATURN DEEP-CUT FACILITY IN ALBERTA DEEP BASIN, HAS REDUCED NGL PRODUCTION BY ABOUT 11,200 BPD.TOURMALINE OIL CORP - INTERRUPTION, ORIGINALLY EXPECTED TO LAST TWO DAYS, HAS NOW BEEN EXTENDED UNTIL EARLY JANUARY 2020.TOURMALINE OIL CORP - 2019 PRODUCTION EXIT TARGET OF 315,000 - 320,000 BOEPD WAS ACHIEVED.

Tourmaline Oil Corp Reports Quarterly Revenue Of $440.1 Million

Nov 6 (Reuters) - Tourmaline Oil Corp <TOU.TO>::Q3 EARNINGS PER SHARE C$0.06.QTRLY REVENUE $440.1 MILLION VERSUS $496.7 MILLION.Q3 2019 PRODUCTION AVERAGED 289,578 BOEPD, UP 3% FROM PREVIOUS QUARTER AND A 14% INCREASE OVER Q3 2018.EXPECTS TO AVERAGE 295,000 TO 300,000 BOEPD FOR FULL-YEAR 2019.TOURMALINE EXPECTS TO EXIT 2019 AT PRODUCTION LEVELS OF BETWEEN 315,000 AND 320,000 BOEPD.APPROVED A 2020 EP CAPITAL PROGRAM OF $900 TO $925 MILLION WHICH WILL RESULT IN 2020 AVERAGE PRODUCTION OF 315,000 TO 322,500 BOEPD.

Tourmaline Oil Announce Formation Of Topaz Energy Corp

Oct 10 (Reuters) - Tourmaline Oil Corp <TOU.TO>::ANNOUNCE FORMATION OF TOPAZ ENERGY CORP.WILL SELL TO TOPAZ A ROYALTY INTEREST ON TOURMALINE LANDS.WILL SELL TO TOPAZ A ROYALTY INTEREST ON TOURMALINE LANDS, CONTRACTED INTEREST IN A PORTION OF THIRD-PARTY REVENUE FOR $775 MILLION.TOPAZ WILL BE CAPITALIZED INITIALLY WITH A $150 TO $200 MILLION THIRD-PARTY EQUITY PRIVATE PLACEMENT.CO WILL RETAINING A 75% TO 81% EQUITY OWNERSHIP INTEREST IN NEW CO.DEAL HAS MINIMAL IMPACT ON FORECAST 2020 CASH FLOW, NO IMPACT ON CURRENT EP PLANS.TOPAZ WILL BEGIN OPERATIONS WITH ZERO DEBT.ON TRANSACTION CLOSE, TOPAZ WILL HAVE MAJORITY-INDEPENDENT BOARD AND WILL BE MANAGED INITIALLY VIA A MANAGEMENT CONTRACT WITH CO.INITIAL ACQUISITION FROM TOURMALINE IS EXPECTED TO GENERATE ABOUT $90 MILLION IN REVENUE IN 2020.TRANSACTION IMPROVES FORECAST 2020 CASH FLOW PER SHARE (DEBT ADJUSTED) FROM $6.98 TO $7.33.‍INTENDS TO REDUCE PORTION OF ITS OWNERSHIP AS TOPAZ PARTICIPATES IN FUTURE ACQUISITION ACTIVITIES​.‍INTENDS TO REDUCE PORTION OF ITS OWNERSHIP ON AN ANTICIPATED TOPAZ PUBLIC LIQUIDITY EVENT IN 2020​.

Tourmaline Oil Corp Announces Approval Of Normal Course Issuer Bid

July 4 (Reuters) - Tourmaline Oil Corp <TOU.TO>::TOURMALINE OIL CORP. ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID.TOURMALINE OIL - NCIB ALLOWS TOURMALINE TO PURCHASE UP TO 13.6 MILLION COMMON SHARES OVER A PERIOD OF TWELVE MONTHS.

Tourmaline Reports Q1 Earnings Per Share C$0.32

May 8 (Reuters) - Tourmaline Oil Corp <TOU.TO>::TOURMALINE REALIZES RECORD PRODUCTION AND INCREASES DIVIDEND.Q1 EARNINGS PER SHARE C$0.32.SETS QUARTERLY CASH DIVIDEND OF C$0.12PER SHARE.SETS QUARTERLY CASH DIVIDEND OF C$0.12PER SHARE.Q1 2019 PRODUCTION AVERAGED 293,434 BOEPD, A 9% INCREASE OVER Q1 2018.DECIDED TO INCREASE QUARTERLY CASH DIVIDEND BY 20% TO $0.12 PER COMMON SHARE FROM $0.10 PER COMMON SHARE.FULL-YEAR 2019 AVERAGE PRODUCTION GUIDANCE REMAINS UNCHANGED AT 300,000 BOEPD.DECIDED TO REDUCE FULL-YEAR 2019 CAPITAL PROGRAM BY A FURTHER $25.0 MILLION TO $1.2 BILLION.TOURMALINE ANTICIPATES TOTAL Q2 2019 EP CAPITAL EXPENDITURES OF $200.0 - $210.0 MILLION..QTRLY TOTAL REVENUE FROM COMMODITY SALES AND REALIZED GAINS $664.3 MILLION, UP 21%.

Tourmaline Reports Fourth Quarter Results

March 5 (Reuters) - Tourmaline Oil Corp <TOU.TO>::TOURMALINE DELIVERS 2018 EARNINGS OF $401.4 MILLION, GENERATES FREE CASH FLOW AND ACHIEVES RECORD BREAKING Q4 CASH FLOW OF $391.5 MILLION.Q4 2018 LIQUIDS PRODUCTION (CRUDE OIL, CONDENSATE, NGL) OF 51,938 BPD WAS 14% HIGHER.Q4 2018 AVERAGE PRODUCTION OF 276,568 BOEPD WAS 9% HIGHER THAN Q3 2018.UPDATED ITS FIVE-YEAR PLAN REDUCING 2019 AECO PRICE TO $1.80/MCF AND REDUCING NGL PRICING..2019 FORECAST CASH FLOW IS $1.5 BILLION WITH FREE CASH FLOW OF $242.6 MILLION, BEFORE DIVIDEND PAYMENTS.CUMULATIVE FORECAST FREE CASH FLOW OVER FIVE-YEAR PERIOD IS ESTIMATED AT ABOUT $2.2 BILLION.EXPECTS TO SPEND LESS THAN $600.0 MILLION DURING FIRST HALF OF 2019..QTRLY EARNINGS PER SHARE $0.70.QTRLY TOTAL REVENUE FROM COMMODITY SALES AND REALIZED GAINS $595.5 MILLION, UP 13 PERCENT.Q4 EARNINGS PER SHARE VIEW C$0.46 -- REFINITIV IBES DATA.

Tourmaline Oil Says 2019 EP Capital Program Reduced To $1.225 Bln From $1.3 Bln

Jan 15 (Reuters) - Tourmaline Oil Corp <TOU.TO>::TOURMALINE REAFFIRMS 2019 GUIDANCE AND REDUCES CAPITAL SPENDING.TOURMALINE OIL CORP - 2019 EP CAPITAL PROGRAM HAS BEEN REDUCED TO $1.225 BILLION FROM $1.3 BILLION ANNOUNCED ON NOVEMBER 7, 2018.TOURMALINE OIL CORP - Q4 2018 CASH FLOW ESTIMATE REMAINS IN $380-410 MILLION RANGE.

Tourmaline Oil Corp Sets Qtrly Cash Dividend Of C$0.10 Per Share

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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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