Tourmaline Delivers Record Production, Cash Flow and Free Cash Flow in Q1 2021
Tourmaline Delivers Record Production, Cash Flow and Free Cash Flow in Q1 2021 Tourmaline Oil Corp. is pleased to release financial and operating results for the first quarter of 2021. HIGHLIGHTS First quarter cash flow was a record $629.3 million . Tourmaline generated record free cash flow of $233.5 million in the first quarter of 2021, which was utilized to fund the dividend increase announced in the March 10, 2021 year-end press release and to reduce net debt by $153.1 million in the … Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financ...
Source: investingnews.com