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 [...]
Tourmaline Oil Corp. and Topaz Energy Corp. are pleased to announce that they have completed the previously-announced transaction creating Topaz, a unique, private, hybrid royalty and infrastructure company with an $800 million capitalization and aggressive long-term growth plans. The transaction includes the purchase by Topaz of interests in certain revenue generating assets from Tourmaline for consideration consisting [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the third quarter of 2019. HIGHLIGHTS Record average Q3 oil, condensate and NGL production of 55,833 bpd, up 23% from the same quarter in 2018 and 7% from Q2 2019. Average September total liquids production of 60,138 bpd is on track with the full-year average. Q3 average production of 289,578 boepd, including impact of Q3 natural gas storage [...]
Tourmaline Oil Corp. is pleased to announce the formation of Topaz Energy Corp. , a new private royalty and infrastructure energy company. Tourmaline will sell to Topaz: a royalty interest on Tourmaline lands, a non-operated interest in two of Tourmaline's existing 19 natural gas processing plants, and a contracted interest in a portion of Tourmaline's current third-party revenue for total cash and share consideration of [...]
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 September 30, 2019 to shareholders of record at the close of business on September 16, 2019. 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 second quarter of 2019. HIGHLIGHTS 1H 2019 production average was 286,955 boepd, including impact of Q2 gas storage injections and gas price-related program deferrals. With Gundy Phase 1 now onstream, the Company reconfirms full-year average production of 300,000 boepd in conjunction with an accumulated $180.0 million of capital program [...]
Tourmaline Oil Corp. is pleased to announce that the Toronto Stock Exchange has accepted the notice of Tourmaline's intention to commence a normal course issuer bid . The NCIB allows Tourmaline to purchase up to 13,602,507 common shares over a period of twelve months commencing on July 8, 2019. The NCIB will expire no later than July 7, 2020. Under the NCIB, common shares may be repurchased in open market transactions on [...]
Tourmaline Oil Corp. is pleased to announce that it intends to make a normal course issuer bid to purchase its common shares. The NCIB is subject to approval by the Toronto Stock Exchange , and if approved, will be made in accordance with the applicable rules and policies of the TSX and applicable Canadian securities laws. Tourmaline intends to purchase up to 5% of its outstanding common shares over a period of twelve [...]
Tourmaline Oil Corp. is pleased to announce that the nominees listed in its information circular dated April 18, 2019 were elected as directors of Tourmaline at its annual meeting of shareholders on June 5, 2019 in Calgary, Alberta . All matters presented for approval at the Meeting were approved by Tourmaline's shareholders. A full report of voting results is available on SEDAR at www.sedar.com Election of Directors On [...]
CALGARY, May 29, 2019 /CNW/ - Tourmaline Oil Corp. is pleased to provide details of an enhanced five-year development plan. FREE CASH FLOW ACCELERATION PLAN: SUMMARY OF PLAN CHANGES Aggregate free cash flow increases by approximately $840 million to a total of approximately $3.05 billion over the five years. Annual production and cash flow are essentially unchanged from the previous plan. Growth capital directed [...]
Tourmaline Oil Corp. is pleased to release financial and operating results for the first quarter of 2019. HIGHLIGHTS Q1 2019 production averaged 293,434 boepd, a 9% increase over Q1 2018 and a 6% increase over the prior quarter. March 2019 production averaged 301,336 boepd. Q1 2019 cash flow was $419.2 million compared to Q1 2019 capital spending of $384.4 million. Q1 2019 net earnings were $87.7 million . The Company [...]