Tourmaline Oil Corp.

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 Corp. 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 December 31, 2024 to shareholders of record at the close of business on December 16, 2024. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All amounts [...]

Tourmaline Oil Corp. and Topaz Energy Corp. are pleased to announce that they have agreed with the syndicate of underwriters co-led by Peters & Co. Limited and BMO Capital Markets to increase the size of the previously announced bought deal secondary offering of Topaz common shares. The Underwriters will now purchase, on a bought deal basis, from Tourmaline 10,800,000 common shares of the Company at a price of $27.80 per [...]

Nov. 25, 2024 /CNW/ - Tourmaline Oil Corp. and Topaz Energy Corp. announced today that they have entered into an agreement with Peters & Co. Limited and BMO Capital Markets , on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from Tourmaline 8,700,000 common shares of the Company at a price of $27.80 per Common Share for total gross proceeds to [...]

Tourmaline Oil Corp. is pleased to release financial and operating results for the third quarter of 2024 and declare a special dividend. HIGHLIGHTS Third quarter cash flow of $741.9 million ), underpinned by Tourmaline's average realized natural gas price of $3.19/mcf. Q3 2024 net earnings of $355.2 million . The Company is declaring a special dividend of $0.50 per common share to be paid on November 26, 2024 to holders [...]

Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced today the opening of two new compressed natural gas fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor [...]

The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas for long-haul trucks and other fleets. Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced today the opening of two new compressed natural gas fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first [...]

Crew Energy is pleased to announce the completion of the acquisition by Tourmaline Oil of all of the outstanding common shares of Crew pursuant to a plan of arrangement under Section 193 of the Business Corporations Act. Under the Arrangement, holders of Crew Shares received 0.114802 of a common share of Tourmaline for each one Crew Share held. The Tourmaline Shares issued to former holders of Crew Shares have been [...]

Tourmaline Oil Corp. is pleased to announce that it has closed the acquisition of Crew Energy Inc. , pursuant to which the Company acquired all of the issued and outstanding common shares of Crew in exchange for 18.778 million Tourmaline common shares and the assumption of net debt of approximately $230 million, including all transaction costs, for total consideration of approximately $1.4 billion . The Crew Acquisition [...]

Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.35 per common share. The dividend will be payable on September 27, 2024 to shareholders of record at the close of business on September 13, 2024. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All [...]