Tourmaline Oil Corp.

Tourmaline Oil Corp.

Tourmaline Oil Corp.

Date Founded



250 6th Avenue SW,Suite 3700,Calgary, AB T2P 3H7

Type of Company


Employees (Worldwide)



Oil & Gas

Company Description

Tourmaline Oil Corp. is a Canadian intermediate crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline commenced active operations in the fall of 2008 with the objective of building a successful Canadian intermediate crude oil and natural gas exploration, development and production company with a long-term business strategy similar to that of Duvernay Oil Corp. and Berkley Petroleum Corp., companies previously founded and managed by certain key members of Tourmaline’s senior management team. During the two-year period since commencing active operations, Tourmaline, through a series of strategic acquisitions, farm-ins and land acquisitions combined with its active capital exploration and development program, has assembled an extensive undeveloped land position with a large, multi-year drilling inventory and operating control of important natural gas processing and transportation infrastructure in two core long-term growth areas – the Alberta Deep Basin and the Greater Peace River High. Tourmaline is executing a large-scale, repeatable capital exploration and development program in these two core long-term growth areas. Tourmaline’s long-term business strategy is to increase shareholder value by building an extensive asset base over two to three core exploration and production areas and exploiting and developing these areas to increase reserves, production and cash flows at an attractive return on invested capital. The Company seeks to execute this strategy by: aggressively drilling and developing its extensive undeveloped land position; adopting and employing advanced drilling and completion techniques; enhancing returns by focusing on operational and cost efficiencies; pursuing strategic acquisitions with significant potential synergies; and wildcat exploration drilling for new pool discoveries. Management believes Tourmaline has a number of competitive advantages that management expects will help the Company successfully execute its long-term business strategy including: an extensive undeveloped land position in two long-term growth areas; a large, multi-year drilling inventory; an incentivized management team with demonstrated operating and acquisition skills; majority operating control of the Company’s core assets; a strong balance sheet; and a focus on operational efficiencies and cost containment.

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Executives & Employees

President & Chief Executive Officer

Vice President, Finance & Chief Financial Officer

Vice President, Operations & Chief Operating Officer

Secretary & General Counsel


Vice President, Exploration

Vice President, Land & Contracts

Vice President, Drilling & Completions Operations

Vice President, Marketing


Board of Directors

President & Chief Executive Officer at Tourmaline Oil Corp.

Vice President, Finance & Chief Financial Officer at Tourmaline Oil Corp.

Vice President & Portfolio Manager at Matco Financial, Inc.

Vice Chairman, Institutional Sales at Peters and Co. Limited

Professional at Tourmaline Oil Corp.

Professional at Tourmaline Oil Corp.

Professional at Tourmaline Oil Corp.

President & Chief Executive Officer at Armstrong Oil & Gas, Inc.

Professional at Tourmaline Oil Corp.

Professional at Tourmaline Oil Corp.

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Tourmaline Oil Corp.
Owners & Shareholders
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CI Investments (CI) offers an array of mutual funds, including over 90 core funds. These funds include an array of portfolio managers who cover the full spectrum of investment styles and strategies focusing on various regions, asset classes and industries. Rather than offering just one investment style, CI has engaged leading money managers in all disciplines: value, blend (growth at a reasonable price) and growth. CI Investments believe that their approach to responsible investing is aligned with the six principles that comprise the United Nations Principles for Responsible Investing.

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Canoe Financial focuses Canadian investments and offers a variety of mutual funds, closed-end funds and flow-through funds designed for long-term investors.The Canoe Bond Advantage Fund/Class invests in Canadian investment grade fixed-income securities, with a focus on corporate bonds. The Canoe Enhanced Income Fund/Class invests in Canadian fixed-income and equity securities. The Canoe Global Income Fund employs a tactical approach to investing in the global credit markets. The Canoe Strategic High Yield Fund/Class invests in high-yield debt securities. The Canoe Canadian Monthly Income Class invests in a mix of Canadian equity and fixed-income securities, US investment grade, corporate and high-yield fixed income securities, preferred stocks and convertible securities or other non-Canadian securities.The Canoe Canadian Asset Allocation Class seeks to provide long-term growth and capital preservation using a balanced investment approach by investing in a mix of Canadian equity and fixed-income securities, and money market instruments. The fund may also invest in gold, gold certificates, silver certificates and certain gold/silver ETFs. The Canoe North American Monthly Income Class invests in high-yielding equity securities and corporate bonds of North American issuers. The Canoe Equity Income Class focuses on diversified investments in Canadian equity and fixed-income securities. The Canoe Equity Class invests in Canadian equity securities but may also invest in gold, gold certificates, silver certificates and certain gold/silver ETFs. The Canoe US Equity Income Class is an equity income portfolio that invests in securities of US issuers.Canoe EIT Income Fund (formerly EnerVest Diversified Income Trust) (TSX: EIT.UN) seeks to maximize monthly distributions relative to risk and maximize net asset value, while building a diversified portfolio, primarily through acquiring and investing in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers.

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Leith Wheeler Investment Counsel Ltd.'s (LWIC) value-oriented Canadian Equity investment strategy seeks to invest companies that have some competitive advantage or franchise that will preserve the company's ability to deliver attractive returns on capital. The firm realizes that the market usually recognizes and fully values these types of companies so they focus on finding solid businesses which may not be fully recognized by the market. Often these businesses may be under some temporary cloud or competitive pressure such that the franchise value is not clear to the market or the business lacks the speculative appeal or fad of the moment. LWIC takes meaningful positions in these companies and their culture that allows them to be patient until their investment thesis unfoldsLWIC's fixed income strategies emphasize consistency of returns and safety of capital by investing in notes and bonds issued by the Canadian federal and provincial governments and by corporations. As in the management of their equity portfolios, the firm focuses on the long-term outlook for interest rates and structures portfolios accordingly. A key component of our credit selection process is establishing a disciplined outlook for specific sectors of the fixed income credit market. Within each sector LWIC evaluates each individual security based on a rigorous bottom up analysis of the fundamentals of the business and the industry in which it operates.

Recent Transactions
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Tourmaline Oil Corp. purchases Shell Canada Energy Ltd. /Deep Basin & Montney Assets from Royal Dutch Shell Plc

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Tourmaline Oil Corp. issued CAD Subscription Receipts - Bought Deal

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Tourmaline Oil Corp. issued Common Stock

Transaction Advisors

Advised onTourmaline Oil Corp. issued Common Stock


Advised onTourmaline Oil Corp. issued Common Stock


Advised onTourmaline Oil Corp. issued Common Stock


Advised onTourmaline Oil Corp. issued Common Stock

Chairman & Chief Executive Officer

Advised onTourmaline Oil Corp. issued Common Stock


Advised onTourmaline Oil Corp. issued Common Stock

Key Stats and Financials As of 2018
Market Capitalization
Total Enterprise Value
Earnings Per Share
Net Profit
Total Debt
Total Equity
Enterprise Value Sales
Enterprise Value EBITDAOperating
TEVNet Income
Debt TEV
Non-Profit Donations & Grants
$10K +
$10K +
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