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Tourmaline Oil Corp. (T:TOU)

Business Focus: Oil Exploration & Production - Onshore

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Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 3700-250 6 Ave SW
Tel: N/A
Website: N/A
Key People
Michael L. Rose
Chairman of the Board, President, Chief Executive Officer
Brian G. Robinson
Chief Financial Officer, Vice President - Finance, Director
Allan J. Bush
Chief Operating Officer, Vice President - Operations
Sherra Aspin
Vice President of 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 six months ended 30 June 2019, Tourmaline Oil Corp revenues increased 12% to C$1.07B. Net income increased 56% to C$242.7M. Revenues reflect Natural Gas Production, Total increase of 7% to 254.32B cubic feet, Oil Equivalent Production (Units/day), T increase of 8% to 287K barrels per day, Realized gain on risk management activit increase of 48% to C$180M, FV/Uls Adjust on Derivatives for Hedging increase of 57% to -C$23.7M.
Employees: 188 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $2,222M as of Jun 30, 2019
EBITDA (TTM): $1,413M as of Jun 30, 2019
Net annual income (TTM): $488.84M as of Jun 30, 2019
Free cash flow (TTM): -$179.12M as of Jun 30, 2019
Net Debt Last Fiscal Year: $1,573M as of Jun 30, 2019
Shares outstanding: 272,050,159 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization