Canadian energy producer Tourmaline Oil Corp. announced its second-quarter results, reporting C$786 million in cash flow and C$192 million in free cash flow. The company's production averaged 594,000 barrels of oil equivalent per day (BOE/day) in Q2. Tourmaline maintained its full-year production forecast of 620,000–640,000 BOE/day and its 2026 capital budget of C$2.55 billion.
Notably, Tourmaline plans a roughly one-year pause between phases of its northeastern British Columbia infrastructure project, delaying major phase-two commitments until mid-2027. The board also intends to declare a quarterly dividend of C$0.50 per share. Additionally, CFO Brian Robinson will retire on November 1, succeeded by Jamie Heard.
Faster global financial news!
Tourmaline Oil Reports Q2 Cash Flow C$786M, Free Cash Flow C$192M; Maintains Full-Year Production Forecast, Pauses BC Infrastructure Project Phase 2 Until Mid-2027
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
ETH inter-exchange spread reaches 1.11%
-
2
The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
-
3
Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
-
4
Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
-
5
South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
-
6
Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
-
7
SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
-
8
Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
-
9
Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
-
10
CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
