Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. 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. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.

TSX:TOU - Post by User

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

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Comment by Cheadle12on Mar 01, 2022 10:24pm

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Post# 34473544

RE:Of interest to Tourmaline investors

It's a good indication into Tourmaline's ER tomorrow.. but also, Tourmaline owns 40% of Topaz.. so it's a win win..

fishcarrier wrote:

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.