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Tourmaline Oil Corp. (T:TOU)

Business Focus: Oil Exploration & Production - Onshore

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Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for TOU within the last 6 months
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Company News

Dec 17, 2019 16:00 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
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Dec 05, 2019 16:00 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.
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Valuation Ratios

Industry
Sector
Beta
1.31
--
--
Price to Sales - TTM
1.74
1.54
4.09
Price to Book - most recent quarter
0.50
0.57
1.47
Price to Cash Flow per share - TTM
2.94
3.37
5.53
Price to Free Cash Flow per share - TTM
--
14.10
17.41
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jan 15, 20204,467,788-6,837
Dec 31, 20194,474,625607,088
Dec 15, 20193,867,537-1,304,062
See Short Report

Business Summary

Sector:  Energy Industry:  Oil & Gas Exploration and Production

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.

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