Tourmaline Oil Corp.

CALGARY, AB, July 29, 2020 /CNW/ - Tourmaline Oil Corp. is pleased to release operating and financial results for the second quarter of 2020. HIGHLIGHTS Q2 2020 cash flow was $225.2 million on Q2 EP capital spending of $95.6 million. Q2 2020 delivered significant free cash flow of $121.3 million . Q2 2020 production averaged 299,369 boepd within guidance range of 295,000 – 300,000 boepd and up 7% over Q2 2019 production [...]

Tourmaline Oil Corp. 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 13,538,778 common shares over a period of twelve months commencing on July 20, 2020. The NCIB will expire no later than July 19, 2021. Under the NCIB, common shares may be repurchased in open market transactions on the TSX and other [...]

Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.12 per common share. The dividend will be payable on June 30, 2020 to shareholders of record at the close of business on June 15, 2020. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Tourmaline also announces that the nominees [...]

Tourmaline Oil Corp. is pleased to release financial and operating results for the first quarter of 2020 and provide updates regarding 2020 budget and dividend. HIGHLIGHTS Q1 2020 cash flow was $283.7 million on Q1 E&P capital spending of $306.2 million. Q1 2020 production averaged a record 308,349 boepd, a 5% increase over Q1 2019 . Full-year average production of 305,000 – 310,000 boepd is now forecast yielding [...]

Topaz Energy Corp. is pleased to announce the following executive officer appointments. Mr. Marty Staples, currently Manager Land at Tourmaline Oil Corp. , will be joining Topaz as the President and Chief Executive Officer. Mr. Staples will be joined by Ms. Cheree Stephenson as Topaz's Vice President, Finance and Chief Financial Officer. Both are expected to assume their new positions in April 2020. Additional Topaz [...]

Tourmaline Oil Corp. is pleased to release financial and operating results for the full year and fourth quarter of 2019 as well as 2019 reserves results. The Company delivered strong returns to shareholders, annual growth and demonstrated continued financial resilience in this very challenging energy cycle. HIGHLIGHTS Tourmaline delivered full-year earnings of $319.7 million , again demonstrating the profitability of its [...]

Tourmaline Oil Corp. is pleased to announce a series of transactions in the NEBC Montney gas/condensate complex. The Company has entered into a definitive agreement to acquire a public oil and gas producer, has also acquired a private oil and gas company and has completed a small complementary asset transaction at Gundy. The two corporate transactions add approximately 6,000 boepd of current production, 2P reserves of [...]

 Tourmaline Oil Corp.  is pleased to announce 2020 average production guidance of 315,000 – 320,000 boepd on 2020 EP capital spending of $925.0 million.  The Company anticipates 2020 free cash flow of $345.0 million utilizing strip commodity pricing.  The 2020 free cash flow will be employed for share buybacks, possible dividend increases, and continuing debt reduction.  Tourmaline is targeting a 2020 exit net [...]

QUARTERLY S&P/TSX COMPOSITE INDEX REVIEW – DECEMBER 2019 ADDITIONS Issue Name Symbol GICS Classification 60/Completion Capped Sector Indices Corus Entertainment Inc B Nvtg CJR.B 50201020 Completion Communication Services CT REIT CRT.UN 60101070 Completion Real Estate, REIT Jamieson Wellness Inc. JWEL 30302010 Completion Consumer Staples Lightspeed POS Inc. SV LSPD 45103010 Completion Information Technology Real Matters [...]

Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.12 per common share.  The dividend will be payable December 31, 2019 to shareholders of record at the close of business on December 16, 2019.  This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All amounts [...]