Tourmaline Oil Corp (Tourmaline) is a crude oil and natural gas company. It offers the acquisition, exploration, development and production of natural gas properties. The company’s areas of operations include NEBC Montney, Alberta Deep Basin, and Peace River Triassic Oil. The NEBC Montney includes the drilling of horizontal multi-stage fracture stimulation wells, and Alberta Deep Basin is a natural gas sand play area, which has lower Cretaceous liquids-rich natural-gas-charged sand reservoirs. Its Peace River Triassic Oil area is an exploration and production complex at Spirit River-Mulligan-Earring. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Tourmaline is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
2900, 250 6th Ave Sw, Calgary, Alberta, T2P3H7
Website
www.tourmalineoil.com
Telephone
1 403 2665992
No of Employees
242
Industry
Energy and Utilities
Ticker Symbol & Exchange
TOU (TSE)
Revenue (2021)
$3.4B
98.5%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
227.7%
(2021 vs 2020)
Market Cap*
$17.3B
Net Profit Margin (2021)
XXX
65.1%
(2021 vs 2020)
* As of and is in US$
Products and Services
| Products |
|---|
| Crude Oil |
| Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2021 | Contracts/Agreements | In July, the company entered into an agreement with Topaz Energy Corp and Cheniere Energy, Inc. |
| 2021 | Contracts/Agreements | In July, the company entered into an agreement with government organisation Instituto Provincial de Exploraciones y Explotaciones Mineras de la Provincia de San Juan, Argentina (‘IPEEM’) for exploration rights to an 11,038 ha area immediately to the north of the existing Project area. |
| 2021 | Contracts/Agreements | In July, the company entered into a purchase agreement for two tenements totalling 15,576 ha from Miranda S.A. |
Competitor Comparison
| Key Parameters | Tourmaline Oil Corp | Suncor Energy Inc | Imperial Oil Ltd | Canadian Natural Resources Ltd | Husky Energy Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Calgary | Calgary | Calgary | Calgary | Calgary |
| State/Province | Alberta | Alberta | Alberta | Alberta | Alberta |
| No. of Employees | 242 | 16,922 | 5,400 | 9,735 | 4,802 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael L Rose | Chief Executive Officer; Chairman; President | Executive Board | 2008 | - |
| Brian G Robinson | Director; Chief Financial Officer | Executive Board | 2008 | - |
| Allan J Bush | Chief Operating Officer | Senior Management | 2014 | - |
| Scott Kirker | Chief Legal Officer - External Affairs | Senior Management | 2022 | - |
| Drew E Tumbach | Vice President - Land and Contracts | Senior Management | 2008 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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