Tourmaline Oil Corp.

Tourmaline Oil Corp.

Tourmaline Oil Corp.

Overview
Headquarters

525 8th Avenue SW,Suite 2400,Calgary, AB T2P 1G1

Type of Company

Public

Employees (Worldwide)

363

Industries

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.

Executives & Employees

President & Chief Executive Officer

Vice President, Finance & Chief Financial Officer

Vice President, Operations & Chief Operating Officer

General Counsel & Secretary

Vice President, Exploration

Vice President, Land & Contracts

Vice President, Drilling & Completions Operations

Subscribe now to see full list of current and former executives
Board of Directors

President & Chief Executive Officer at Tourmaline Oil Corp.

President & Chief Executive Officer at Likrilyn Capital Corp.

Chief Executive Officer at United Way of Calgary & Area

Former Founder & President at Lamoreaux Capital Management LLC

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

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

Former Co-Head of Canadian Equities & Portfolio Manager at Phillips, Hager & North Investment Management

Former Director, Vice President-Land & Co-Founder at Pan East Petroleum, Inc.

Subscribe now to see full list of current and former board members
Paths to Tourmaline Oil Corp.
Potential Connections via
Relationship Science
You
Tourmaline Oil Corp.
Owners & Shareholders
Details Hidden

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. CI also offers CI Corporate Class and T-Class. The T-Class seeks to provide predictable tax-deferred cash flows without sacrificing choice of investments. These funds include income, balanced, equity or managed solutions. The CI Corporate Class is suitable for clients investing outside of a registered plan and is designed to reduce tax liability. It also allows clients to draw tax-efficient cash flow from their investments through T-Class funds.CI’s G5 20 Series funds are guaranteed to distribute annual cash flow amounting to 5% of the guaranteed asset value of the investment for 20 years while maintaining equity exposure for growth potential. The G5 20 Series combines underlying funds managed by CI's portfolio managers with a risk management overlay to provide guaranteed cash flow for retirement.CI's segregated funds combine the advantages of mutual funds with the security of insurance. The policies for CI's segregated funds are issued by two insurance companies: Sun Life Assurance Co. of Canada and ivari. The funds cover all asset classes and investment styles and may be managed internally or by third party managers. CI offers managed account investment solutions based on strategic asset allocation. The Portfolio Series is designed to meet a variety of investor profiles, from income to maximum growth. Portfolios invest in a mix of CI mutual funds and are diversified by asset class, region and sector. CI's Portfolio Select Series offers a selection of model portfolios based on strategic asset allocation and are customized to meet each client's objectives. The Portfolio Select Series also uses the CI Corporate Class platform, allowing for true tax efficiency.In addition, CI offers access to alternative investments including deposit notes, labor-sponsored funds, hedge funds, closed-end funds and limited partnerships. These investments may have a negative correlation to traditional investments and are useful in providing additional diversification and risk management.

Details Hidden

SailingStone Capital Partners invests client assets primarily in accordance with their Natural Resources Strategy and/or their Natural Gas Strategy. The Natural Resources Strategy invests primarily in equity securities of issuers that the firm considers to be engaged principally in natural resources industries anywhere in the world. These portfolios typically hold a limited number of securities. SailingStone seeks to purchase securities in companies with these characteristics when SailingStone believes the price reflects a limited possibility of permanent capital impairment. SailingStone's Natural Gas Strategy invests in equity securities of companies that produce natural gas in North America or engage in natural gas-related businesses that may benefit from an improvement in long-term natural gas fundamentals. The strategy is concentrated around companies that the firm believes possess a combination of the three attributes required to generate excess returns in a commoditized industry: producing assets which sit at the bottom of a steeply sloped supply cost curve, highly capable management teams with a strong track record of prudent capital allocation and value creation, and a deep inventory of advantaged assets into which capital can be deployed at high rates of return.

Details Hidden

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.

Subscribe now to see full details
Recent Transactions
Details Hidden

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

Details Hidden

Tourmaline Oil Corp. issued Subscription Receipts

Details Hidden

Tourmaline Oil Corp. issued Common Stock

Subscribe now to see full list of recent transations
Transaction Advisors
Underwriter

Advised onTourmaline Oil Corp. issued Common Stock

Manager

Advised onTourmaline Oil Corp. issued Common Stock

Legal Advisor

Advised onTourmaline Oil Corp. issued Common Stock

Subscribe now to see 16+ more transaction advisors
Manager

Advised onTourmaline Oil Corp. issued Common Stock

President & Chief Executive Officer

Advised onTourmaline Oil Corp. issued Common Stock

Manager

Advised onTourmaline Oil Corp. issued Common Stock

Subscribe now to see 12+ more transaction advisors
Key Stats and Financials As of 2016
Market Capitalization
$5.22B
Total Enterprise Value
$9.83B
Earnings Per Share
$-0.14
Revenue
$1.08B
Net Profit
$-32M
EBITDA
$634M
EBITDAMargin
58.92%
Total Debt
$1.41B
Total Equity
$6.77B
Enterprise Value Sales
9.14x
Enterprise Value EBITDAOperating
15.52x
TEVNet Income
-307.59x
Debt TEV
0.14x
Three Year Compounded Annual Growth Rate Of Revenue
15.31%
Five Year Compounded Annual Growth Rate Of Revenue
27.5%
Subscribe now to see full financial details
Non-Profit Donations & Grants
$10K +
2013
$10K +
2012
Subscribe now to see non-profit donations & grants for over 2.5 million organizations
Suppliers
GLJ Petroleum Consultants Ltd. Other Business & Consulting Services | Calgary, AB

GLJ Petroleum Consultants Ltd. provides energy resource consulting services. It offers reserves and resources, asset transactions, scoping analysis, technical studies, risk and sensitivity analysis, expert witness, technical writing, and commodity price forecasts. The company was founded by Vic Kloepfer and Gary Last in 1972 and is headquartered in Calgary, Canada.

PG&E Corp. Oil & Gas | San Francisco, CA

PG&E Corp. is a holding company of PG&E Co., which engages in generation, transmission, and distribution of electricity and natural gas to customers. The company was founded in 1995 and is headquartered in San Francisco, CA.

TransCanada Corp. IT Consulting & Services | Calgary, AB

at Transcanada, we build and operate the energy infrastructure that North America needs. Experts in our field, known for our solid financial track record, for our integrity and high standards of corporate governance and business ethics, we are committed to being a good neighbour. With more than 60 years experience, TransCanada is a leader in the responsible development and reliable and safe operation of North American energy infrastructure. Our network of wholly owned and affiliated pipelines taps into virtually all major natural gas supply basins in North America. TransCanada leads the North American pipeline industry and the world in system integrity. We’ve demonstrated an exceptional record of system reliability and safety. With increasing production from oil sands in Alberta, and growing demand for secure, reliable sources of energy, TransCanada has identified opportunities to develop oil pipeline capacity, complementing our natural gas transmission business, drawing on our extensive pipelines experience and offering an efficient way to maximize the value of our current pipeline assets. TransCanada is one of the continent’s largest providers of gas storage and related services. A growing independent power producer, TransCanada owns, controls or is developing more than 10,800 megawatts of power generation

Subscribe now to see 3 more suppliers
Competitors
Crescent Point Energy Corp. Oil & Gas - Calgary, AB

Crescent Point Energy Corp. operates an oil and gas exploration, development, and production company. It is conventional oil and gas producer with assets strategically focused in properties comprised of quality, long life, operated, light and medium oil and natural gas reserves in Western Canada and the United States. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

Cenovus Energy, Inc. Oil & Gas - Calgary, AB

Cenovus Energy, Inc. engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen and natural gas in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. The Refining and Marketing segment provides transportation, sale and refine services of crude oil into petroleum and chemical products. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded on November 30, 2009 and is headquartered in Calgary, Canada.

EnCana Corp. Oil & Gas - Calgary, AB

Encana Corp. engages in the production of natural gas, oil, and natural gas liquids. It operates through the following segments: Canadian Operations, USA Operations, and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of natural gas, oil and natural gas liquids and other related activities within Canada. The USA Operations segment is involved in the exploration, development, and production of natural gas, oil, and natural gas liquids and other related activities within the U.S. The Market Optimization segment is primarily responsible for the sale of the company's proprietary production to third party customers and the associated netback price. The company was founded on April 5, 2002 and is headquartered in Calgary, Canada.