As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, September 19, 2022: S&P/TSX 60 INDEX - September 19, 2022 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Tourmaline Oil Corp. Energy Oil & Gas Exploration & Production DELETED Bausch Health Companies Inc. Health Care Pharmaceuticals S&P/TSX [...]
Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.225 per common share. The dividend will be payable on September 29, 2022 to shareholders of record at the close of business on September 15, 2022. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories Currency All [...]
Tourmaline Oil Corp. is pleased to announce the completion of its previously announced acquisition of Rising Star Resources Ltd. . The purchase price for the Transaction included 6,000,000 common shares of Topaz Energy Corp. currently owned by Tourmaline and $67,770,000. In connection with this disposition of Topaz Shares, Tourmaline has filed an Early Warning Report as required by applicable securities laws. Required [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the second quarter of 2022, declare a special dividend and announce strategically timed growth projects. HIGHLIGHTS Second quarter 2022 cash flow was a record $1.35 billion ), a 137% increase over second quarter 2021 cash flow. Net debt at June 30, 2022, was $430.0 million, well below the long-term debt target of $1.0-$1.2 billion. This places [...]
Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.225 per common share. This represents an increase of C$0.10 per common share on an annualized basis. The dividend will be payable on June 30, 2022 to shareholders of record at the close of business on June 15, 2022. This quarterly cash dividend is designated as an "eligible dividend [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the first quarter of 2022 and declare a special dividend. HIGHLIGHTS Record quarterly cash flow of $1,076.0 million ). Record quarterly free cash flow of $618.2 million enabling the Company to declare a special dividend of $1.50 per common share to be paid May 19, 2022. Tourmaline's trailing 12 months of distributed dividends now total $4.21 [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the full year and fourth quarter of 2021 as well as 2021 reserves. HIGHLIGHTS Full-year average 2021 production of 441,115 boepd was up 42% over 2020 average production of 310,598 boepd. Current production is ranging between 500,000-510,000 boepd, with a Q1 2022 exit of 510,000-515,000 boepd anticipated. Full-year 2021 after tax net earnings [...]
Tourmaline Oil Corp. is pleased to announce a quarterly dividend increase and special cash dividend and provide an operational update. Tourmaline is pleased to announce both a quarterly base dividend increase of 11% and the declaration of a special cash dividend of $1.25/share, given the continued strong financial performance and outlook for the Company. The quarterly dividend will be increased from $0.18/share to [...]
Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.18 per common share. The dividend will be payable on December 31, 2021 to shareholders of record at the close of business on December 15, 2021. 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 2021. HIGHLIGHTS Record quarterly cash flow of $761.3 million and free cash flow of $369.5 million in the third quarter. Current production is ranging between 485,000 - 490,000 boepd; the Company expects to achieve 500,000 boepd by early December, a month earlier than previously anticipated. The Company now expects exit [...]
Tourmaline Oil Corp. is pleased to announce a guidance update, the approved budget for 2022 and details on its free cash flow allocation strategy, including the declaration of a special cash dividend and an increase in its regular quarterly cash dividend. 2H 2021/2022 EP CAPITAL BUDGET The recently approved 2022 EP capital budget of $1.125 billion is expected to deliver average production of 500,000-510,000 boepd, $3.7 [...]
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 7,000,000 Common Shares at a price of $15.45 per Common Share for total gross proceeds to the Selling Shareholder of $108.15 million. The Company has not and will not receive any of the proceeds of the Offering. The [...]
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