Tourmaline Oil ( (TSE:TOU) ) has issued an announcement.
Tourmaline Oil Corp. announced record production levels and an increase in 2P reserves to 5.5 billion BOE for 2024. The company reported a substantial increase in cash flow and net earnings, with a forecasted free cash flow of $1.4 billion for 2025. Tourmaline also declared a 43% increase in its base dividend and a special dividend, highlighting its strong financial performance and commitment to enhancing shareholder value. The anticipated production for the first quarter of 2025 is set between 630,000-635,000 boepd, positioning the company for continued growth and stability in the market.
More about Tourmaline Oil
Tourmaline Oil Corp. is a leading Canadian oil and gas company, primarily engaged in the exploration, development, and production of oil and natural gas. The company focuses on maximizing shareholder returns through efficient operations and strategic growth in the energy sector.
YTD Price Performance: -3.74%
Average Trading Volume: 1,635,672
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$24.23B
Learn more about TOU stock on TipRanks’ Stock Analysis page.
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