Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

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.

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Tourmaline Oil Corp (Alberta) > Of interest to Tourmaline investors

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Post by fishcarrieron Mar 01, 2022 5:59pm

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Post# 34472948

Of interest to Tourmaline investors

In Q4 2021, Topaz's assets generated record cash flow and free cash flow (FCF) (1) of $68 million and $67 million , respectively. Cash flow and FCF (1) were 34% and 35%, respectively, higher than the prior quarter; and each 153% higher than the prior year. On a per share basis, Q4 2021 FCF (1) of $0.49 per share (1)(2) increased 96% from Q4 2020 ( $0.25 per share).

They also increased the dividend.