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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

17.13CAD
18 Jul 2019
Change (% chg)

$-0.19 (-1.10%)
Prev Close
$17.32
Open
$17.25
Day's High
$17.34
Day's Low
$17.07
Volume
43,097
Avg. Vol
720,378
52-wk High
$25.79
52-wk Low
$15.39

Latest Key Developments (Source: Significant Developments)

Tourmaline Oil Corp Announces Approval Of Normal Course Issuer Bid
Thursday, 4 Jul 2019 

July 4 (Reuters) - Tourmaline Oil Corp ::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.  Full Article

Tourmaline Reports Q1 Earnings Per Share C$0.32
Thursday, 9 May 2019 

May 8 (Reuters) - Tourmaline Oil Corp ::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%.  Full Article

Tourmaline Oil Corp Sets Qtrly Cash Dividend Of C$0.10 Per Share
Thursday, 6 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
Wednesday, 7 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​
Thursday, 11 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
Tuesday, 12 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
Thursday, 9 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​
Thursday, 3 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