Tourmaline Oil Corp. (T:TOU*CA)

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

Mar 06, 2024 04:00 pm ET
TOURMALINE DELIVERS RECORD PRODUCTION, INCREASES 2P RESERVES TO 5 BILLION BOE AND DECLARES AN INCREASED QUARTERLY BASE DIVIDEND AND A SPECIAL DIVIDEND
CALGARY, AB, March 6, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2023, announce an increase in both 2023 reserves and the quarterly base dividend, as well as declare a special dividend and a quarterly dividend.
Jan 15, 2024 04:00 pm ET
TOURMALINE PROVIDES EP ACTIVITY UPDATE AND ANNOUNCES TWO ADDITIONAL LNG AGREEMENTS
CALGARY, AB, Jan. 15, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an EP activity update and to announce two additional LNG agreements.
Dec 01, 2023 04:00 pm ET
TOURMALINE DECLARES QUARTERLY DIVIDEND AND PROVIDES MANAGEMENT UPDATE
CALGARY, AB, Dec. 1, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.28 per common share. The dividend will be payable on December 29, 2023 to shareholders of record at the close of business on December 15, 2023. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Nov 17, 2023 07:00 am ET
TOURMALINE ANNOUNCES CLOSING OF BONAVISTA ACQUISITION
CALGARY, AB, Nov. 17, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of Bonavista Energy Corporation for $1.45 billion, consisting of $725 million in Tourmaline common shares and $725 million of cash, less Bonavista's net debt(1). The Company expects exit 2023 production of over 600,000 boepd, including the acquired Bonavista volumes.
Nov 01, 2023 05:00 pm ET
TOURMALINE DELIVERS STRONG FREE CASH FLOW IN THE THIRD QUARTER, UPDATES FIVE YEAR EP PLAN WITH SIGNIFICANTLY INCREASED FREE CASH FLOW
CALGARY, AB, Nov. 1, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the third quarter of 2023.
Sep 01, 2023 05:00 pm ET
TOURMALINE DECLARES QUARTERLY DIVIDEND
CALGARY, AB, Aug. 31, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.26 per common share. The dividend will be payable on September 29, 2023 to shareholders of record at the close of business on September 15, 2023. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Aug 02, 2023 05:00 pm ET
TOURMALINE DELIVERS STRONG FREE CASH FLOW AND DECLARES A SPECIAL DIVIDEND
CALGARY, AB, Aug. 2, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2023 and declare a special dividend.
Jun 07, 2023 08:01 pm ET
TOURMALINE DECLARES QUARTERLY DIVIDEND, ANNOUNCES ELECTION OF DIRECTORS AND UPDATES FOREST FIRE SITUATION
CALGARY, AB, June 7, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.26 per share. The dividend will be payable on June 30, 2023 to shareholders of record at the close of business on June 15, 2023. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
May 10, 2023 01:08 pm ET
TOURMALINE PROVIDES ADDITIONAL WILDFIRE UPDATE
CALGARY, AB, May 10, 2023 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is providing an operations update in the wildfire-affected areas of Alberta.
May 08, 2023 08:30 am ET
TOURMALINE PROVIDES WILDFIRE UPDATE
CALGARY, AB, May 8, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") provides an update on operations impacted by Alberta wildfires.
May 03, 2023 05:00 pm ET
TOURMALINE DELIVERS RECORD PRODUCTION, ANNOUNCES AN INCREASE TO QUARTERLY BASE DIVIDEND AND DECLARES A SPECIAL DIVIDEND
CALGARY, AB, May 3, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2023, announce an increase to its quarterly base dividend and declare a special dividend.
Mar 01, 2023 04:01 pm ET
TOURMALINE DELIVERS RECORD CASH FLOW, FREE CASH FLOW AND EARNINGS IN 2022, INCREASES 2P RESERVES TO 4.5 BILLION BOE AND DECLARES DIVIDEND FOR Q1 2023
CALGARY, AB, Mar. 1, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2022, as well as 2022 reserves.
Jan 24, 2023 04:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Dividend Aristocrats Index
TORONTO, Jan. 24, 2023 /CNW/ - S&P Dow Jones Indices announces the following index changes as a result of the annual S&P/TSX Canadian Dividend Aristocrats Index review. These changes will be effective prior to the open of trading on Wednesday, February 1, 2023.
Jan 12, 2023 04:00 pm ET
TOURMALINE DECLARES $2.00/SHARE SPECIAL DIVIDEND, PROVIDES OPERATIONAL AND 2023 GUIDANCE UPDATE
CALGARY, AB, Jan. 12, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce a special dividend and provide an operational and 2023 guidance update.
Dec 01, 2022 04:00 pm ET
TOURMALINE DECLARES QUARTERLY DIVIDEND
CALGARY, AB, Dec. 1, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.25 per common share. The dividend will be payable on December 30, 2022 to shareholders of record at the close of business on December 15, 2022. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Nov 02, 2022 05:00 pm ET
TOURMALINE DELIVERS STRONG CASH FLOW AND FREE CASH FLOW IN Q3 2022, ANNOUNCES INCREASED BASE DIVIDEND AND DECLARES SPECIAL DIVIDEND
CALGARY, AB, Nov. 2, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the third quarter ("Q3") of 2022, increase the quarterly base dividend and declare a special dividend.
Sep 12, 2022 08:00 am ET
TOURMALINE INCREASES 2023 CASH FLOW GUIDANCE AND PROVIDES A PRODUCTION AND MARKETING UPDATE
CALGARY, AB, Sept. 12, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide a production and marketing update.
Sep 02, 2022 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX 60 Index
TORONTO, Sept. 2, 2022 /CNW/ - 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:
Sep 02, 2022 05:00 pm ET
TOURMALINE DECLARES QUARTERLY DIVIDEND
CALGARY, AB, Sept. 2, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") 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.
Aug 10, 2022 05:00 pm ET
TOURMALINE COMPLETES RISING STAR ACQUISITON AND FILES EARLY WARNING REPORT
CALGARY, AB, Aug. 10, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of Rising Star Resources Ltd. (the "Transaction"). The purchase price for the Transaction included 6,000,000 common shares ("Topaz Shares") of Topaz Energy Corp. ("Topaz") 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.
Jul 27, 2022 05:00 pm ET
TOURMALINE DELIVERS RECORD CASH FLOW AND FREE CASH FLOW IN Q2 2022, DECLARES SPECIAL DIVIDEND AND ANNOUNCES STRATEGICALLY TIMED GROWTH PROJECTS
CALGARY, AB, July 27, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter ("Q2") of 2022, declare a special dividend and announce strategically timed growth projects.
Jun 01, 2022 07:43 pm ET
TOURMALINE INCREASES QUARTERLY DIVIDEND AND ANNOUNCES ELECTION OF DIRECTORS
CALGARY, AB, June 1, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") 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" for Canadian income tax purposes.
May 04, 2022 05:00 pm ET
TOURMALINE DELIVERS RECORD CASH FLOW AND FREE CASH FLOW IN Q1 2022 AND ANNOUNCES SPECIAL DIVIDEND
CALGARY, AB, May 4, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2022 and declare a special dividend.
Mar 02, 2022 04:00 pm ET
TOURMALINE DELIVERS NET EARNINGS OF $2 BILLION IN 2021, ADDS 1,090 MMBOE OF 2P RESERVES AND DECLARES DIVIDEND FOR Q1 2022
CALGARY, AB, March 2, 2022 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2021 as well as 2021 reserves.
Jan 17, 2022 04:00 pm ET
TOURMALINE INCREASES QUARTERLY DIVIDEND BY 11%, DECLARES A $1.25/SHARE SPECIAL DIVIDEND AND PROVIDES OPERATIONAL UPDATE
CALGARY, AB, Jan. 17, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce a quarterly dividend increase and special cash dividend and provide an operational update.
Dec 02, 2021 04:00 pm ET
Tourmaline Declares Quarterly Dividend
CALGARY, AB, Dec. 2, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") 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.
Nov 03, 2021 05:00 pm ET
Tourmaline Delivers Record Free Cash Flow in Third Quarter 2021
CALGARY, AB, Nov. 3, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release  financial and operating results for the third quarter of 2021.
Sep 21, 2021 09:00 am ET
Tourmaline and Topaz Announce the Closing of $108 Million Bought Deal Secondary Offering of Topaz Common Shares
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Sep 03, 2021 05:00 pm ET
Tourmaline Declares Quarterly Dividend
CALGARY, AB, Sept. 3, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.17 per common share. The dividend will be payable on September 29, 2021 to shareholders of record at the close of business on September 15, 2021. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Aug 30, 2021 04:35 pm ET
Tourmaline and Topaz Announce $108 Million Bought Deal Secondary Offering of Topaz Common Shares
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Aug 09, 2021 03:53 pm ET
Tourmaline Oil Corp. Announces Issuance of Senior Unsecured Notes
CALGARY, AB, Aug. 9, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has agreed to issue $200 million aggregate principal amount of senior unsecured notes due February 12, 2029 (the "Notes").  The Notes will be issued at par for aggregate gross proceeds of $200 million and will bear interest at a fixed rate of 2.529% per annum, payable semi-annually on the 12th day of February and August of each year, commencing on February 12, 2022.
Jul 28, 2021 05:00 pm ET
Tourmaline's Second Quarter 2021 Delivers Record Free Cash Flow
CALGARY, AB, July 28, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release  financial and operating results for the second quarter of 2021.
Jul 15, 2021 05:00 pm ET
Tourmaline Announces Closing of Black Swan Energy Acquisition and a New Long-Term Gas Supply Agreement with Cheniere Energy
CALGARY, AB, July 15, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the closing of two strategic North Montney transactions, a North Montney GORR transaction with Topaz Energy Corp. ("Topaz") and a significant long-term gas supply agreement with Cheniere Energy, Inc. ("Cheniere").
Jun 11, 2021 07:30 am ET
Tourmaline Continues North Montney Consolidation with the Acquisition of Black Swan Energy
CALGARY, AB, June 11, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a definitive agreement to acquire privately owned Black Swan Energy Ltd. ("Black Swan") for a total consideration of approximately $1.1 billion Cdn, consisting of 26 million Tourmaline common shares and the assumption of net debt(1) up to a maximum of $350 million, including all transaction costs. The transaction is expected to close in the second half of July 2021, subject to regulatory approvals.
Jun 02, 2021 07:23 pm ET
Tourmaline Declares Quarterly Dividend and Announces Election of Directors
CALGARY, AB, June 2, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.16 per common share. The dividend will be payable on June 30, 2021 to shareholders of record at the close of business on June 15, 2021. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
May 18, 2021 04:10 pm ET
Tourmaline Completes Further Consolidation of NEBC Montney Assets, Positioning the Company For Higher Free Cash Flow in 2022 and the Revised Five-Year Plan
CALGARY, AB, May 18, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of a further consolidation of NEBC Montney Assets and a guidance update.
May 05, 2021 05:00 pm ET
Tourmaline Delivers Record Production, Cash Flow and Free Cash Flow in Q1 2021
CALGARY, AB, May 5, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2021.
Mar 10, 2021 04:00 pm ET
Tourmaline Delivers Earnings of $618.3 Million in 2020, Adds 826 MMboe of 2P Reserves and Increases Dividend for Q1 2021
CALGARY, AB, March 10, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2020 as well as 2020 reserves.
Jan 20, 2021 03:27 pm ET
Tourmaline Oil Corp. Announces Inaugural Issuance of Senior Unsecured Notes
CALGARY, AB, Jan. 20, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has agreed to issue $250 million aggregate principal amount of senior unsecured notes due January 25, 2028 (the "Notes").  The Notes will be issued at par for aggregate gross proceeds of $250 million and will bear interest at a fixed rate of 2.077% per annum, payable semi-annually on the 25th day of January and July of each year, commencing on July 25, 2021.
Dec 18, 2020 02:55 pm ET
Tourmaline Completes Strategic Acquisition of Jupiter
CALGARY, AB, Dec. 18, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of Jupiter Resources Inc. ("Jupiter") whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630.0 million, comprised of 24.2 million Tourmaline common shares, and the assumption of net debt of approximately $200.0 million, inclusive of all transaction costs.
Nov 04, 2020 04:00 pm ET
Jupiter Resources to be acquired by Tourmaline
CALGARY, AB, Nov. 4, 2020 /CNW/ - Jupiter Resources Ltd. ("Jupiter" or the "Company") today announced a transaction to sell to Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") in an all-stock transaction valued at approximately $626 million, inclusive of debt.
Nov 04, 2020 04:00 pm ET
Tourmaline Announces Strong Third Quarter Results, Corporate Acquisitions and Transaction With Topaz Energy; Increases Dividend and 2021 Guidance
CALGARY, AB, Nov. 4, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release its operating and financial results for the third quarter of 2020.
Sep 09, 2020 05:00 pm ET
Tourmaline Oil Corp. Receives Investment Grade Credit Rating
CALGARY, AB, Sept. 9, 2020 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that on September 9, 2020 it has been assigned an issuer rating of BBB with a stable trend from DBRS Limited.
Sep 02, 2020 05:00 pm ET
Tourmaline Declares Quarterly Dividend
CALGARY, AB, Sept. 2, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") 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 on September 30, 2020 to shareholders of record at the close of business on September 15, 2020. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Jul 29, 2020 05:00 pm ET
Tourmaline Announces Strong Operating and Financial Results for Q2 2020 with Significant Free Cash Flow
CALGARY, AB, July 29, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release  operating and financial results for the second quarter (Q2) of 2020.
Jul 15, 2020 05:30 pm ET
Tourmaline Renews Normal Course Issuer Bid
CALGARY, AB, July 15, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved the renewal of Tourmaline's normal course issuer bid (the "NCIB").
Jun 03, 2020 07:48 pm ET
Tourmaline Declares Quarterly Dividend and Announces Election of Directors
CALGARY, AB, June 3, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") 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 on June 30, 2020 to shareholders of record at the close of business on June 15, 2020. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
May 06, 2020 05:00 pm ET
Tourmaline Announces Strong Q1 2020 Results, Reduces 2020 Budget to Maintenance Capital, Reconfirms 2020 Dividend
CALGARY, May 6, 2020 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release  financial and operating results for the first quarter of 2020 and provide updates regarding 2020 budget and dividend.
Mar 12, 2020 08:30 am ET
Topaz Announces Executive Appointments and Declares its First Dividend
CALGARY, March 12, 2020 /CNW/ - Topaz Energy Corp. ("Topaz" or the "Company") is pleased to announce the following executive officer appointments.
Mar 03, 2020 04:00 pm ET
Tourmaline Generates Record Free Cash Flow, Grows Production 10%, Increases 2P Reserves to 2.6 Billion Boe in 2019
CALGARY, March 3, 2020 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2019 as well as 2019 reserves results. The Company delivered strong returns to shareholders, annual growth and demonstrated continued financial resilience in this very challenging energy cycle.
Feb 24, 2020 08:00 am ET
Chinook Energy Inc. Announces Plan of Arrangement
Calgary, Alberta--(Newsfile Corp. - February 24, 2020) - Chinook Energy Inc. (TSX: CKE) ("Chinook" or the "Company") is pleased to announce today that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Tourmaline Oil Corp. (TSX: TOU) (the "Purchaser") has agreed to acquire all of the outstanding common shares of Chinook ("Chinook Shares") for cash consideration of $0.0675 per share (the "Share Consideration"). The Share Consideration represents a 33% premium over the twenty day volume weighted average trading price of the Chinook Shares on the Toronto Stock Exchange (the "TSX"). The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).
Feb 24, 2020 07:00 am ET
Tourmaline Announces NEBC Montney Consolidation Activities
CALGARY, Feb. 24, 2020 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce a series of transactions in the NEBC Montney gas/condensate complex.  The Company has entered into a definitive agreement to acquire a public oil and gas producer, has also acquired a private oil and gas company and has completed a small complementary asset transaction at Gundy.  The two corporate transactions add approximately 6,000 boepd of current production, 2P reserves of 116.3 mmboe(1), and 160,000 acres of Montney lands for a combined cash purchase price of $33.4 millio
Dec 17, 2019 04:00 pm ET
Tourmaline Confirms 2020 Guidance and Achieves 2019 Exit Targets
CALGARY, Dec. 17, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce 2020 average production guidance of 315,000 – 320,000 boepd on 2020 EP capital spending of $925.0 million.  The Company anticipates 2020 free cash flow(1) of $345.0 million utilizing strip commodity pricing.  The 2020 free cash flow will be employed for share buybacks, possible dividend increases, and continuing debt reduction.  Tourmaline is targeting a 2020 exit net debt(2)-to-cash flow ratio of 1.2 times.  The Company has also updated the five-year development plan.  Annual
Dec 05, 2019 04:00 pm ET
Tourmaline Oil Corp. Declares Quarterly Dividend
CALGARY, Dec. 5, 2019 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") 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.
Nov 14, 2019 11:59 am ET
Tourmaline and Topaz Announce Completion of Previously-Announced Transaction
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION OVER UNITED STATES NEWSWIRE SERVICES./
Nov 06, 2019 04:00 pm ET
Tourmaline's Free Cash Flow Generation Continues and Capital Efficiencies Improve
CALGARY, Nov. 6, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the third quarter of 2019.
Oct 10, 2019 05:00 pm ET
Tourmaline Announces Formation of Topaz Energy, Unlocking Value in Tourmaline's Significant Asset Base
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION OVER UNITED STATES NEWSWIRE SERVICES./
Aug 26, 2019 06:41 pm ET
Tourmaline Oil Corp. Declares Quarterly Dividend
CALGARY, Aug. 26, 2019 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") 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.
Jul 31, 2019 05:00 pm ET
Tourmaline Realizes Strong Q2 Earnings and Continues to Focus on Free Cash Flow Generation
CALGARY, July 31, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2019.
Jul 04, 2019 08:30 am ET
Tourmaline Oil Corp. Announces Approval Of Normal Course Issuer Bid
CALGARY, July 4, 2019 /CNW/ - Tourmaline Oil Corp. (TSX – TOU) ("Tourmaline") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of Tourmaline's intention to commence a normal course issuer bid (the "NCIB").
Jun 17, 2019 08:40 am ET
Tourmaline Oil Corp. Intends to Make Normal Course Issuer Bid
CALGARY, June 17, 2019 /CNW/ - Tourmaline Oil Corp. (TSX – TOU) ("Tourmaline") is pleased to announce that it intends to make a normal course issuer bid (the "NCIB") to purchase its common shares. The NCIB is subject to approval by the Toronto Stock Exchange (the "TSX"), and if approved, will be made in accordance with the applicable rules and policies of the TSX and applicable Canadian securities laws.
Jun 06, 2019 01:32 pm ET
Tourmaline Oil Corp. Announces Election of Directors
CALGARY, June 6, 2019 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline") 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 (the "Meeting").  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
May 29, 2019 05:00 pm ET
Tourmaline Releases Enhanced Five-Year Development Plan Focusing on Significant Free Cash Flow(1) Acceleration
CALGARY, May 29, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide details of an enhanced five-year development plan.
May 08, 2019 05:00 pm ET
Tourmaline Realizes Record Production and Increases Dividend
CALGARY, May 8, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release  financial and operating results for the first quarter of 2019.
Mar 05, 2019 04:00 pm ET
Tourmaline Delivers 2018 Earnings of $401.4 Million, Generates Free Cash Flow and Achieves Record Breaking Q4 Cash Flow of $391.5 Million
CALGARY, March 5, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce very strong 2018 financial and operating results.
Feb 20, 2019 04:00 pm ET
Tourmaline adds 338 mmboe of reserves in 2018, 2P reserves increased to 2.46 billion boe
CALGARY, Feb. 20, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to report very strong total reserve growth, liquids reserve growth and a continued reserve value increase in the current depressed natural gas price environment.  The Company executed on the 2017-2018 plan to concentrate almost entirely on internal EP growth and has produced the best reserve metrics in the Company's 10 year history over the past two years.
Jan 15, 2019 04:00 pm ET
Tourmaline Reaffirms 2019 Guidance and Reduces Capital Spending
CALGARY, Jan. 15, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to update 2019 guidance and ongoing EP activities.
Dec 05, 2018 04:00 pm ET
Tourmaline Oil Corp. Declares Quarterly Dividend
CALGARY, Dec. 5, 2018 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.10 per common share. The dividend will be payable December 28, 2018 to shareholders of record at the close of business on December 14, 2018. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Nov 07, 2018 04:00 pm ET
Tourmaline Delivers Strong Q3 Earnings and Cash Flow Growth, Increases 2018 Exit and 2019 Production Estimates and Reduces 2019 Capital Program
CALGARY, Nov. 7, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release  financial and operating results for the third quarter of 2018.
Sep 05, 2018 05:00 pm ET
Tourmaline Oil Corp. Declares Quarterly Dividend
CALGARY, Sept. 5, 2018 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.10 per common share, representing an 11% increase to the Q2 2018 dividend of C$0.09 per common share. The dividend will be payable September 28, 2018 to shareholders of record at the close of business on September 14, 2018. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Jun 06, 2018 07:22 pm ET
Tourmaline Oil Corp. Announces Election of Directors and Quarterly Dividend
CALGARY, June 6, 2018 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that the nominees listed in its information circular dated April 20, 2018 were elected as directors of Tourmaline at its annual and special meeting of shareholders on June 6, 2018 in Calgary, Alberta (the "Meeting").  All matters presented for approval at the Meeting, including the reduction in the stated capital of Company, were approved by Tourmaline's shareholders. A full report of voting results is available on SEDAR at www.sedar.com
May 08, 2018 05:00 pm ET
Tourmaline delivers earnings of $129.6 million in Q1 2018 and announces Q2 2018 dividend increase
CALGARY, May 8, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the first quarter of 2018.
Mar 06, 2018 04:00 pm ET
Tourmaline Grows 2017 Cash Flow by 65%, Delivers Earnings of $346.8 Million, and Announces Inaugural Dividend in Q1 2018
CALGARY, March 6, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce very strong 2017 financial and operating results as well as payment of the Company's first dividend.
Feb 28, 2018 04:00 pm ET
Tourmaline Announces the Closing of Minor Asset Sales and an Increase to the Peace River High Oil Production Growth Program
CALGARY, Feb. 28, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide details of minor asset sales and a Peace River High update.
Feb 14, 2018 04:00 pm ET
Tourmaline Adds 558 Mmboe of 2P Reserves, Grows Liquid Reserves by 73% and 2P Reserve Value by $2.4 Billion¹
CALGARY, Feb. 14, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to report very strong total reserve growth, liquids reserve growth and a significant reserve value increase in the current declining natural gas price environment.  The Company executed on the 2017 plan to concentrate almost entirely on internal EP growth and has produced the best reserve metrics in Company history.  In addition, Q4 2017 cash flow(2) of $348.2 million exceeded Q4 capital spending of $332.7 million (excluding acquisitions) as the Company transitioned to a free cash flow(3)
Jan 10, 2018 04:37 pm ET
Tourmaline Provides Market Update
CALGARY, Jan. 10, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide a market update.
Dec 11, 2017 04:00 pm ET
Tourmaline Achieves 2017 Exit Production Target Early and Announces Multiple Strong Well Results From All Three Operated Complexes
CALGARY, Dec. 11, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide an update on 2017 exit production and EP results.
Nov 08, 2017 05:00 pm ET
Tourmaline continues profitable growth in Q3 2017 and introduces growth/dividend five-year plan
CALGARY, Nov. 8, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the third quarter of 2017.
Aug 02, 2017 06:00 pm ET
Tourmaline More Than Doubles Six Month Cash Flow and Continues Profitable Strong Growth
CALGARY, Aug. 2, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the second quarter of 2017.
Jul 04, 2017 06:00 pm ET
Tourmaline Updates Q2 2017 Activities
CALGARY, July 4, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide an update on its EP activities.
Jun 08, 2017 04:20 pm ET
Tourmaline Oil Corp. Announces Election of Directors
CALGARY, June 8, 2017 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline") is pleased to announce that the nominees listed in its information circular dated April 24, 2017 were elected as directors of Tourmaline at its annual and special meeting of shareholders on June 7, 2017 in Calgary, Alberta (the "Meeting"). All matters presented for approval at the Meeting, including the adoption of new by-laws containing advance notice provisions and the unallocated options under Tourmaline's share option plan, were approved by Tourmaline's shareholders. A full report of voting results is available
May 29, 2017 06:00 pm ET
Tourmaline Announces Three New Extensive Liquid-rich EP Opportunities
CALGARY, May 29, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce three new extensive exploration and production ("EP") opportunities within its existing core complexes and provide an update on its EP activities.
May 04, 2017 06:00 pm ET
Tourmaline Achieves Strong Earnings as Well as Record Production and Cash Flow in the First Quarter
CALGARY, May 4, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the first quarter of 2017.
Mar 07, 2017 05:00 pm ET
Tourmaline Oil Corp. Earns $59.6 Million in Q4 2016
CALGARY, March 7, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (64%) and top-tier production growth (20%) in 2016 while continuously improving its industry-leading cost structure.
Feb 22, 2017 05:00 pm ET
Tourmaline Oil Corp. Increases 2P Reserves 64% in 2016 to Reach 1.75 Billion Barrels of Oil Equivalent
CALGARY, Feb. 22, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") enjoyed another record year of material, profitable reserve additions with ever-improving efficiencies.
Nov 30, 2016 10:39 am ET
Tourmaline Oil Corp. closes acquisition from Shell Canada
CALGARY, Nov. 30, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed the previously announced acquisition from Shell Canada Energy ("Shell Canada").  The Company has acquired strategic assets located in the Alberta Deep Basin (the "Deep Basin Assets") and the North East British Columbia Gundy area (the "Montney Assets") for total consideration of $1.369 billion, including cash consideration of $1.0 billion and 10,017,938 Tourmaline common shares (the "Acquisition").  The Acquisition is a major step in the Company's ongoing pl
Nov 14, 2016 05:00 pm ET
Tourmaline Oil Corp. Reports Strong Third Quarter Results and Updates EP Activities
CALGARY, Nov. 14, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce strong financial and operating results for the third quarter of 2016.
Nov 10, 2016 09:19 am ET
Tourmaline Oil Corp. Announces Closing of $756 Million Equity Financings
/NOT FOR DISSEMINATION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./
Oct 20, 2016 06:05 pm ET
Tourmaline Oil Corp. announces strategic asset acquisition in the Alberta Deep Basin and NEBC Montney Complex, $739.4 million equity financings and increased 2017 guidance
/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./
Aug 03, 2016 06:00 pm ET
Tourmaline achieves strong first half growth with a cash flow budget
CALGARY, Aug. 3, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the second quarter of 2016.
Jun 15, 2016 05:00 pm ET
Tourmaline Oil Corp. Provides Operations and Financial Update
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an operations and financial update. EP UPDATEDuring the third quarter, Tourmaline plans to run five to six rigs in the Alberta Deep Basin, two to three rigs for...
Jun 09, 2016 03:38 pm ET
Tourmaline Oil Corp. Announces Election of Directors
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") is pleased to announce that the nominees listed in its information circular dated April 25, 2016 were elected as directors of Tourmaline. The detailed results of the vote for the election of directors...
May 04, 2016 05:00 pm ET
Record Production, Strong Cash Flow and Significantly Reduced Costs Highlight Tourmaline's First Quarter
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the first quarter of 2016. HIGHLIGHTS Record daily production of 195,828 boepd, a 36% increase over Q1...
Mar 07, 2016 05:17 pm ET
Tourmaline Oil Corp. Earns $80.1 Million in 2015
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (30%) and production (37%) in 2015 while delivering strong profitability. HIGHLIGHTS Q4 earnings after tax of $34.6 million...
Feb 22, 2016 05:00 pm ET
Tourmaline Oil Corp. Reserves Reach 1.1 Billion Barrels of Oil Equivalent
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") enjoyed another record year of material, profitable reserve additions with ever-improving efficiencies. HIGHLIGHTS Proved plus probable reserves ("2P") increased to...
Feb 02, 2016 07:30 am ET
Tourmaline Oil Corp. Announces Deep Basin Acquisition and Reduces 2016 EP Budget
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has acquired assets for approximately $183 million CDN in the Minehead-Edson-Ansell area of the Alberta Deep Basin, immediately adjacent to one of the...

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