Tourmaline Oil (TSE:TOU) has released an update.
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Tourmaline Oil Corp. has successfully acquired Crew Energy Inc., enhancing its South Montney asset base and expecting to add over $200 million to its 2025 free cash flow. The company also sold a gross overriding royalty interest to Topaz Energy, which will bolster its financial position by providing $278.2 million in cash, to be used for debt reduction and further strategic acquisitions.
For further insights into TSE:TOU stock, check out TipRanks’ Stock Analysis page.
