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Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost - Medicine Hat NewsMedicine Hat News

Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost
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CALGARY – Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
The Calgary-based company says it had net income of $248 million or 83 cents per share in the three months ended March 31, compared with a loss of $35.8 million or 13 cents a share in the same period of last year.
Analysts had expected net income of $207 million or 70 cents per share, according to financial data firm Refinitiv. ....

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Market movers: Stocks seeing action on Thursday - and why

Market movers: Stocks seeing action on Thursday - and why
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Tourmaline posts $248M Q1 profit on higher output

Winnipeg Free Press
By: The Canadian Press
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CALGARY - Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
CALGARY - Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
The Calgary-based company says it had net income of $248 million or 83 cents per share in the three months ended March 31, compared with a loss of $35.8 million or 13 cents a share in the same period of last year. ....

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Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost | iNFOnews

May 05, 2021 - 3:04 PM
CALGARY - Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
The Calgary-based company says it had net income of $248 million or 83 cents per share in the three months ended March 31, compared with a loss of $35.8 million or 13 cents a share in the same period of last year.
Analysts had expected net income of $207 million or 70 cents per share, according to financial data firm Refinitiv.
Tourmaline says first-quarter production averaged 411,600 barrels of oil equivalent per day (nearly 92,000 barrels per day of oil and liquids), noting stronger-than-expected well performance boosted its March output to 417,800 boe/d. ....

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Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost

Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost
by The Canadian Press
Last Updated May 5, 2021 at 6:14 pm EDT
CALGARY Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
The Calgary-based company says it had net income of $248 million or 83 cents per share in the three months ended March 31, compared with a loss of $35.8 million or 13 cents a share in the same period of last year.
Analysts had expected net income of $207 million or 70 cents per share, according to financial data firm Refinitiv. ....

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