Tourmaline Oil Corp.

TOU

CA89156V1067

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
65.92 ^CAD	+0.32%		-2.15%	+10.62%

May. 03	US stands to lose Canadian natural gas when LNG Canada terminal starts up	RE
May. 02	Transcript : Tourmaline Oil Corp., Q1 2024 Earnings Call, May 02, 2024

Tourmaline Oil Corp. Announces Production Results for the First Quarter Ended March 31, 2024

May 01, 2024 at 05:00 pm EDT

Tourmaline Oil Corp. announced production results for the first quarter ended March 31, 2024. For the quarter, the company reported Natural gas of 2,682,364 mcf/d against 2,469,747 mcf/d a year ago.

Crude oil, condensate and NGL of 145,016 bbl/d against 114,291 bbl/d a year ago. Oil equivalent of 592,077 boe/d against 525,916 boe/d a year ago.

Latest news about Tourmaline Oil Corp.

US stands to lose Canadian natural gas when LNG Canada terminal starts up	May. 03	RE
Transcript : Tourmaline Oil Corp., Q1 2024 Earnings Call, May 02, 2024	May. 02
Tourmaline Oil Maintained at Buy at TPH Following Q1 Results, Dividend Hike; Price Target at C$77.00	May. 02	MT
North American Morning Briefing : Stock Futures -2-	May. 02	DJ
Tourmaline Oil Q1 Profit Drops 2.2%; Raises Dividend and Declares a Special Dividend	May. 01	MT
Tourmaline Oil Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 01	CI
Tourmaline Brief: Says Q1 2024 average production was 592,077 boepd, a 13% increase over Q1 2023 average production of 525,916 boepd and within the 590,000-595,000 boepd Q1 2024 range announced on March 6, 2024	May. 01	MT
Tourmaline Brief: Announcing An Increase To Quarterly Base Dividend and Declaring a Special Dividend	May. 01	MT
Tourmaline Oil Corp. Announces Production Results for the First Quarter Ended March 31, 2024	May. 01	CI
Tourmaline Oil Corp. Approves an Increase to the Quarterly Base Dividend Effective Second Quarter 2024, Payable on June 28, 2024	May. 01	CI
Tourmaline Oil Corp. Declares A Special Dividend, Payable on May 16, 2024	May. 01	CI
North American Morning Briefing : Traders Wait for Rate Decision, Powell; AMD Tumbles	May. 01	DJ
RBC Capital Markets Outlines Top Ideas In Canadian Exploration, Production Sector	Apr. 11	MT
JX Energy to Sell Assets in Canada for C$1.9 Million	Apr. 03	MT
Tourmaline Oil Corp. Provides Production Guidance for the First Quarter of 2024	Mar. 07	CI
Transcript : Tourmaline Oil Corp., 2023 Earnings Call, Mar 07, 2024	Mar. 07
Tourmaline Oil Price Target Lowered to $72 at TD	Mar. 07	MT
Tourmaline Oil Maintained at Buy at TPH After Q4 Results, Dividend Hike and Special Dividend; Price Target Kept at C$77.00	Mar. 07	MT
Tourmaline Oil Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 06	CI
Tourmaline Oil Swings Back to a Q4 Profit Despite Weak Gas Prices; Raises Dividend 7.1% and Declares Special Dividend	Mar. 06	MT
Tourmaline Brief: Says Delivered Record Production, Increased 2P Reserves to 5 Billion BOE	Mar. 06	MT
Tourmaline Brief: Intends to pay special dividends in all four quarters of 2024, inclusive of this Q1 2024 special dividend	Mar. 06	MT
Tourmaline Brief: Declared a special dividend of $0.50/share to be paid on March 21, 2024, to shareholders of record on March 14, 2024	Mar. 06	MT
Tourmaline Brief: Q4 2023 CF was $918.0 million ($2.62 per diluted share on Q4 average production of 556,957 boepd); Q4 2023 FCF was $282.0 million	Mar. 06	MT
Tourmaline Oil Corp. Declares Quarterly Base Dividend on Its Common Share Dividend, Payable on March 28, 2024	Mar. 06	CI

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.

Sector

Oil & Gas Exploration and Production

Calendar

2024-06-05 - Annual General Meeting

More about the company

Income Statement Evolution

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Analysis / Opinion

Tourmaline Oil Corp: A league of its own

March 06, 2023 at 09:57 am EST

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Ratings for Tourmaline Oil Corp.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

65.92 CAD

Average target price

77.5 CAD

Spread / Average Target

+17.57%

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EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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