Tourmaline Oil Corp. (T:TOU*CA)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 2900 250 6th Avenue SW
CALGARY AB T2P 3H7
Tel: N/A
Website: https://www.tourmalineoil.com
IR: See website
<
Key People
Michael L. Rose
Chairman of the Board, President, Chief Executive Officer, Director
Brian G. Robinson
Chief Financial Officer, Vice President - Finance, Director
Allan J. Bush
Chief Operating Officer
Earl Henry McKinnon
Vice President - Operations
Sherra Aspin
Vice President - Marketing
Colin Joel Frostad
Vice President - Exploration
Drew E. Tumbach
Vice President - Land and Contracts
Sarah Tait
Controller
W. Scott Kirker
Chief Legal Officer and External Affairs
Business Overview
Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.
Financial Overview
For the fiscal year ended 31 December 2023, Tourmaline Oil Corp (Alberta) revenues decreased 37% to C$5.54B. Net income decreased 61% to C$1.74B. Revenues reflect Natural Gas segment decrease of 35% to C$3.68B, Oil Equivalent Production (Units/day)-Ot decrease of 1% to 24K barrels per day. Net income also reflects Average Production Costs per unit, Total increase of 6% to C$9.78 per barrel, Exploration and Development Costs.
Employees: 389 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $5,538M as of Dec 31, 2023
EBITDA (TTM): $3,471M as of Dec 31, 2023
Net annual income (TTM): $1,736M as of Dec 31, 2023
Free cash flow (TTM): $98.19M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,127M as of Dec 31, 2023
Shares outstanding: 351,350,749 as of Jan 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.