Canadian NatGas producer Tourmaline is growing—fast; free cash will pay for dividend, debt reduction
By Richard Rostad, analyst, Oil & Gas 360

Tourmaline Oil (ticker: TOU) announced fourth quarter results and reserves today, showing net earnings of $190.9 million, or $0.70 per share.  The company’s Q4 2018 earnings are more than double those of Q4 2017, as improved natural gas prices boosted results.

Tourmaline reports it generated $89 million in free cash in 2018, though it outspent cash flows by about $4 million in Q4. The company ...


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