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Tourmaline Oil Corp. (T:TOU)

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
Earl Henry McKinnon
Vice President - Operations
Sherra Aspin
Vice President - Marketing
Colin Joel Frostad
Vice President, Exploration
Drew E. Tumbach
Vice President - Land and Contracts
W. Scott Kirker
General Counsel, Secretary
Sarah Tait
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 six months ended 30 June 2020, Tourmaline Oil Corp revenues decreased 5% to C$1.01B. Net loss totaled C$15.7M vs. income of C$242.7M. Revenues reflect Natural Gas segment decrease of 12% to C$636.8M, Natural Gas Production, Total decrease of 47% to 134.2B cubic feet. Net loss reflects Average Production Costs per unit, Total increase of 1% to C$7.32 per barrel, Transportation increase of 27% to C$247.5M (expense).
Employees: 190 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $2,023M as of Jun 30, 2020
EBITDA (TTM): $1,105M as of Jun 30, 2020
Net annual income (TTM): $61.38M as of Jun 30, 2020
Free cash flow (TTM): -$305.98M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,632M as of Jun 30, 2020
Shares outstanding: 270,777,227 as of Sep 22, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization