Tourmaline Oil Corp. (T:TOU*CA)

Business Focus: Oil Exploration & Production - Onshore

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 3700-250 6 Ave SW
Tel: N/A
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, Vice President - Operations
Sherra Aspin
Vice President - Marketing
Ronald J. Hill
Vice President - Exploration
Earl Henry McKinnon
Vice President - Drilling and Completions Operations
Drew E. Tumbach
Vice President - Land and Contracts
W. Scott Kirker
General Counsel, Secretary
Business Overview
Tourmaline Oil Corp is a Canada-based company engaged in oil and gas exploration and production business sector. The Company is crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. The Company has assembled an undeveloped land position with a multi-year drilling inventory and operating control of natural gas processing and transportation infrastructure in three core long-term growth areas. The Company is focused on three core areas: the Alberta Deep Basin, Northeast British Columbia Montney and the Peace River Triassic Oil Complex.
Financial Overview
For the three months ended 31 March 2020, Tourmaline Oil Corp revenues increased 16% to C$669.6M. Net loss totaled C$35.8M vs. income of C$87.7M. Revenues reflect Market revenue segment increase from C$2.5M to C$23.1M, Natural Gas Production, Total increase of 4% to 134.2B cubic feet, Oil Equivalent Production (Units/day), T increase of 5% to 308K barrels per day. Net loss reflects Average Production Costs per unit.
Employees: 190 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $2,167M as of Mar 31, 2020
EBITDA (TTM): $1,277M as of Mar 31, 2020
Net annual income (TTM): $196.22M as of Mar 31, 2020
Free cash flow (TTM): -$227.76M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1,580M as of Mar 31, 2020
Shares outstanding: 270,775,560 as of Apr 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization