Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per common share. The dividend will be payable on December 31, 2025 to shareholders of record at the close of business on December 15, 2025. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All amounts [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the third quarter of 2025 and declare a special dividend. HIGHLIGHTS Q3 2025 average production was 634,746 boepd, at the high end of the anticipated guidance range of 625,000 - 635,000 boepd despite storage injections and production shut-ins during the quarter in response to extremely low AECO and Station 2 natural gas prices. Q3 2025 liquids [...]
Tourmaline Oil Corp. and Topaz Energy Corp. announced today the closing of the previously announced secondary offering of common shares of the Company . Pursuant to the Offering, the Selling Shareholder sold a total of 9,200,000 Common Shares, comprised of 8,000,000 Common Shares in addition to 1,200,000 Common Shares sold pursuant to the exercise in full of an over-allotment option granted to the underwriters, at a price [...]
Tourmaline Oil Corp. and Topaz Energy Corp. announced today that they have entered into an agreement with Peters & Co. Limited and Scotiabank , on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from Tourmaline 8,000,000 common shares of the Company at a price of $25.10 per Common Share for total gross proceeds to the Selling Shareholder of [...]
Tourmaline Oil is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per common share. The dividend will be payable on September 29, 2025 to shareholders of record at the close of business on Sept 15, 2025. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All amounts in this [...]
Tourmaline Oil is pleased to announce that the Toronto Stock Exchange has approved the renewal of Tourmaline's normal course issuer bid. The NCIB allows Tourmaline to purchase up to 19,342,343 common shares over a period of twelve months commencing on August 8, 2025. The NCIB will expire on August 7, 2026. Under the NCIB, common shares may be repurchased in open market transactions on the TSX and other alternative trading [...]
Tourmaline Oil is pleased to release financial and operating results for the second quarter of 2025 and an updated multi-year EP growth plan, announce a new long-term LNG feed gas supply agreement and declare a special dividend. HIGHLIGHTS Second quarter average production was 620,757 boepd, at the mid-point of the guidance range provided on May 7, 2025 and up 10% from the second quarter of 2024. Second quarter cash flow [...]
Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.50 per share. The dividend will be payable on June 30, 2025 to shareholders of record at the close of business on June 16, 2025. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. ELECTION OF DIRECTORS Tourmaline also announces that [...]
Tourmaline Oil is pleased to release financial and operating results for the first quarter of 2025, announce two acquisitions in the NEBC Montney and declare a special dividend. HIGHLIGHTS First quarter 2025 average production was 637,867 boepd, an 8% increase over first quarter 2024 and ahead of the 630,000 - 635,000 boepd first quarter 2025 expected range announced on March 5, 2025. First quarter 2025 cash flow was [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the full-year and fourth quarter of 2024. HIGHLIGHTS Full-year 2024 cash flow was $3.2 billion ). Fourth quarter 2024 CF was $850.3 million . 2025 forecast free cash flow of $1.4 billion ) based on current strip pricing, up from previous guidance of $1.1 billion. At current strip pricing, the Company forecasts it will generate 2025 CF of $4.3 [...]
Tourmaline Oil Corp. and Topaz Energy Corp. announced today the closing of the previously announced secondary offering of common shares of the Company . Pursuant to the Offering, the Selling Shareholder sold 10,800,000 Common Shares in addition to 1,620,000 Common Shares sold pursuant to the exercise in full of an over-allotment option granted to the underwriters, at a price of $27.80 per Common Share for total gross [...]
Tourmaline Oil is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.35 per common share. The dividend will be payable on Dec 31, 2024 to shareholders of record at the close of business on Dec 16, 2024. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All amounts in this news [...]
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