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 nine months ended 30 September 2019, Tourmaline Oil Corp revenues increased 7% to C$1.53B. Net income increased 23% to C$258.4M. Revenues reflect Natural Gas Production, Total increase of 9% to 383.35B cubic feet, Oil Equivalent Production (Units/day), T increase of 10% to 288K barrels per day, FV/Uls Adjust on Derivatives for Hedging increase of 85% to -C$9.6M, Realized gain on risk management activit increase of 23% to C$258.7M.
Employees: 188 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $2,201M as of Sep 30, 2019
EBITDA (TTM): $1,374M as of Sep 30, 2019
Net annual income (TTM): $449.30M as of Sep 30, 2019
Free cash flow (TTM): -$267.42M as of Sep 30, 2019
Net Debt Last Fiscal Year: $1,774M as of Sep 30, 2019
Shares outstanding: 271,827,159 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization