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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

Feb 24, 2020 08:00 ET
Chinook Energy Inc. Announces Plan of Arrangement
Calgary, Alberta--(Newsfile Corp. - February 24, 2020) - Chinook Energy Inc. (TSX: CKE) ("Chinook" or the "Company") is pleased to announce today that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Tourmaline Oil Corp. (TSX: TOU) (the "Purchaser") has agreed to acquire all of the outstanding common shares of Chinook ("Chinook Shares") for cash consideration of $0.0675 per share (the "Share Consideration"). The Share Consideration represents a 33% premium over the twenty day volume weighted average trading price of the Chinook Shares on the Toronto Stock Exchange (the "TSX"). The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).
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Feb 24, 2020 07:00 ET
Tourmaline Announces NEBC Montney Consolidation Activities
CALGARY, Feb. 24, 2020 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce a series of transactions in the NEBC Montney gas/condensate complex.  The Company has entered into a definitive agreement to acquire a public oil and gas producer, has also acquired a private oil and gas company and has completed a small complementary asset transaction at Gundy.  The two corporate transactions add approximately 6,000 boepd of current production, 2P reserves of 116.3 mmboe(1), and 160,000 acres of Montney lands for a combined cash purchase price of $33.4 millio
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Valuation Ratios

Industry
Sector
Beta
1.24
--
--
Price to Sales - TTM
1.47
1.92
3.86
Price to Book - most recent quarter
0.42
0.53
1.34
Price to Cash Flow per share - TTM
2.48
3.00
5.10
Price to Free Cash Flow per share - TTM
--
13.39
13.35
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Feb 15, 20203,208,820-818,053
Jan 31, 20204,026,873-440,915
Jan 15, 20204,467,788-6,837
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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