Tourmaline Oil (TSE:TOU) has released an update.
Tourmaline Oil Corp. has announced an agreement to acquire Crew Energy Inc., strengthening its position as a leading Montney producer with a purchase worth approximately $1.3 billion. The acquisition is set to enhance Tourmaline’s financial metrics and add to its free cash flow, while supporting its goal of becoming a 750,000 boepd senior producer in Canada. This strategic move aligns with the company’s consolidation strategy and anticipation of growth in the North American LNG and natural gas markets.
For further insights into TSE:TOU stock, check out TipRanks’ Stock Analysis page.
