Tourmaline Oil Corp.

Equities

TOU

CA89156V1067

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
67.76 ^CAD	-0.62%		+4.05%	+13.71%

Apr. 11	RBC Capital Markets Outlines Top Ideas In Canadian Exploration, Production Sector	MT
Apr. 03	JX Energy to Sell Assets in Canada for C$1.9 Million	MT

Tourmaline Oil Corp. Provides Production Guidance for the Full Year 2024

March 06, 2024 at 05:00 pm EST

Tourmaline Oil Corp. provided production guidance for the full year 2024. Full year 2024 average production guidance is now 580,000-590,000 boepd, a 2.5% decrease despite the 9.4% reduction of the 2024 forecast capital expenditures.

Forecast average 2024 natural gas production has been reduced by approximately 100 mmcfpd from previous guidance, and average liquids production has been increased by approximately 1,000 bpd.

Latest news about Tourmaline Oil Corp.

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. Announces Production Results for the Fourth Quarter and Full Year 2023	Mar. 06	CI
Tourmaline Oil Corp. Provides Production Guidance for the Full Year 2024	Mar. 06	CI
Tourmaline Oil Corp. Announces Special Dividend for the First Quarter of 2024, Payable on March 21, 2024	Mar. 06	CI
North American Morning Briefing : Stock Futures -2-	Mar. 06	DJ
North American Morning Briefing : Stock Futures Rise Ahead of Powell's Testimony	Mar. 06	DJ
RBC Capital Markets Details Q4 2023 Earnings Preview For Canadian Exploration And Production Companies	Jan. 22	MT
National Bank of Canada Notes Tourmaline's Operations Update	Jan. 16	MT
Tourmaline Oil Maintains Buy Rating at TPH Ahead of Q4 Results; Price Target Kept at C$77.00	Jan. 16	MT
Tourmaline Oil Ends 2023 Producing More than 600,000 BPD, Up 14% Over the Year	Jan. 15	MT
Tourmaline Brief: Providing EP Activity and Announcing Two Additonal LNG Agreements	Jan. 15	MT
RBC Capital Markets Says Horizontal Lengths In WCSB Continue To Make New Highs	Jan. 08	MT
RBC Sees Consolidation Continuing for Junior and Intermediate Oil and Gas Producers	Dec. 07	MT

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Company Profile

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

2024-04-30 - Q1 2024 Earnings Release (Projected)

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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

67.76 CAD

Average target price

77.41 CAD

Spread / Average Target

+14.24%

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Quarterly earnings - Rate of surprise

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