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iPolitics By iPolitics. Published on Mar 12, 2021 11:38am (Gina Dittmer via Public Domain Pictures) The Lead The Canadian oilpatch acquisition market received a ringing endorsement on Thursday. Mike Rose, the CEO of Tourmaline Oil Corp., said there are still many potential acquisition targets in Western Canada but that may change if recently higher global oil prices continue to strengthen. Earlier this week, Tourmaline reported increased earnings and production over the last three mo...

CALGARY - Tourmaline Oil Corp. is reporting higher fourth-quarter earnings and production along with a 14 per cent increase in its dividend following a ...

It says the increase in net earnings reflects a gain on acquisition and divestitures of $500 million in the fourth quarter of 2020 and a five per cent increase in operating netbacks. Tourmaline says it produced an average of about 336,000 barrels of oil equivalent per day in the fourth quarter, up 12 per cent from just under 300,000 boe/d in the year-earlier period, but current production is above 405,000 boe/d. It says its fourth quarter average price for natural gas rose 15 per cent to $3.19...

CALGARY - There are still plenty of potential oilpatch acquisition targets in Western Canada, but th...

CALGARY — The CEO of Tourmaline Oil Corp. says there are still plenty of potential acquisition targets in Western Canada but that may change if recently higher global oil prices continue to strengthen. On a conference call to discuss fourth-quarter results, Mike Rose says the company is looking at several possible deals as it celebrates […]

Canada’s Tourmaline Gains in Q4 on Acquisitions Mar 11, 2021 7:19:pm Summary by: Dale Lunan Canada’s Tourmaline Gains in Q4 on Acquisitions Tourmaline Oil, now billing itself Canada’s largest natural gas and NGL producer, reported Q4 2020 net earnings of C$629.2mn (US$500.6mn) on March 10, up from C$61.3mn in the comparable 2019 period. It attributed the increase to a gain on acquisitions and divestitures of C$500mn in the quarter – a period which saw it acquire Modern Resources and Jup...

CALGARY - There are still plenty of potential oilpatch acquisition targets in Western Canada, but that may change if recently higher global oil prices continue to strengthen, the CEO of Tourmaline Oil Corp. said Thursday.

Shell sells its Alberta shale assets to Calgary-based Crescent Point By Robert Tuttle on 2/18/2021 Crescent Point Energy CALGARY (Bloomberg) --Crescent Point Energy Corp. agreed to buy some of Royal Dutch Shell Plc’s Western Canadian shale operations for about C$900 million ($707 million) in the latest example of consolidation in the Canadian oil and gas sector. Calgary-based Crescent Point, an oil driller with a focus on Saskatchewan, will acquire Shellâ€...

Wednesdays announcements come after a gruelling period for the sector that saw oil prices tank last year at the start of the pandemic

John Zechners Top Picks: Dec. 29, 2020 BNN Bloomberg VIDEO SIGN OUT Focus: North American large cap stocks MARKET OUTLOOK We head into 2021 with the most widely held consensus on both economic activity and stock market performance we have seen in decades. That alone tends to make us a bit nervous, especially with stock market valuations at record levels, investor sentiment ragingly bullish and speculative activity continuing to surge (think Tesla, SPACs, Bitcoin and IPO fever). Investor...