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tourmaline energy stock

In Toronto, Tourmaline stock fell by as much as 55 cents or 3.2 per cent to $16.58 on Friday afternoon. The sale was the biggest IPO to come out of Alberta’s energy patch since Kinder Morgan Canada Ltd.’s offering in 2017. Currency in CAD, 10 Stocks for Canadian Investors to Buy This Month. permissions/licensing, please go to: www.TorontoStarReprints.com. To order We changed the address of the Stockhouse website from www.stockhouse.com to stockhouse.com. “I wouldn’t be interested in the slightest (in the IPO) ...I just think there is no future,” he said in an interview Friday, adding the timing of IPO is unfortunate as the COVID-19 pandemic drags on and oil prices stall after staging a recovery through the summer. (Bloomberg) -- Topaz Energy Corp. shares eked out a gain in its Toronto Stock Exchange trading debut after completing Canada’s biggest energy initial public offering in three years.Shares of the Calgary-based royalty and energy infrastructure rose about 0.1% to C$13.01 on an “if, as and when issued basis,” slightly above its C$13 IPO price.Topaz Energy and Tourmaline Oil Corp., its majority shareholder, raised C$230.5 million ($175 million) in the Canadian stock sale on Monday, in which shares were sold at the bottom end of its marketed range. Stock analysis for Tourmaline Oil Corp (TOU:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. expressly prohibited without the prior written consent of Toronto Tourmaline Oil Corp is a Canada-based company engaged in oil and gas exploration and production business sector. If you have JavaScript enabled then this page should refresh automatically, if it does not then please tap the button below. Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star Please note that the Stockhouse website uses JavaScript in many places to provide a richer user experience accross multiple devices. The energy industry has been out of favour on stock markets for years for sound fundamental reasons and there’s no reason to expect that to change soon, said Allan Small, senior investment adviser at HollisWealth in Toronto. Tourmaline Oil is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Peters & Co. Ltd. and Bank of Nova Scotia led the sale.Read More: Topaz Energy Raises $175 Million With Tourmaline in Canadian IPOShares of Calgary-based Tourmaline gained about 4.8% Tuesday, and have risen about 17% this year, outperforming the Canadian energy index, which has lagged roughly 38% during the same period. CALGARY - Shares in Tourmaline Oil Corp. tracked lower Friday as its subsidiary, Topaz Energy Corp., announced it has filed a preliminary prospectus to raise $252.5 million through an initial public offering. Final pricing and closing is expected in the latter part of October. Good value with reasonable growth potential. The larger energy sector is down by 55 per cent so far this year but Tourmaline has actually gained from its close on Dec. 31 of $15.22. Newspapers Limited, One Yonge Street, 4th floor, Toronto, ON, M5E 1E6. “I think oil companies are doing what they have to to survive and thrive in some way, whether that’s spinning off assets, whether that’s mergers, whether that’s changing your business.”. Das Unternehmen ist eine Erdöl- und Erdgasexplorations- und -produktionsgesellschaft, die sich auf langfristiges Wachstum durch ein aggressives Explorations-, Erschließungs-, Produktions- und Akquisitionsprogramm im westkanadischen Sedimentbecken konzentriert. An all-star lineup of business leaders tell us what to expect amid generational change. Get the latest stock price for Tourmaline Oil Corp. (TOU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Tourmaline Oil Corp ist ein in Kanada ansässiges Unternehmen, das in der Öl- und Gasexploration und -produktion tätig ist. : Get the latest Tourmaline Oil stock price and detailed information including news, historical charts and realtime prices. rights reserved. Tourmaline Oil is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. In Toronto, Tourmaline stock fell by as much as 55 cents or 3.2 per cent to $16.58 on Friday afternoon. This copy is for your personal non-commercial use only. Copyright owned or licensed by Toronto Star Newspapers Limited. Executive Summary; Share Price & News; Valuation; Future Growth; Past Performance; Financial Health; Dividend; Management; Ownership; Company … Production averaged 291 thousand barrels oil equivalent per day in 2019, and the company estimates … © 2020 Verizon Media. If you browse our website with JavaScript disabled there are many features of the website that will not function as designed or Star Newspapers Limited and/or its licensors. will not function at all. Stock Analysis Report. “Topaz’s objective is to generate free cash flow growth through indirect oil and gas and infrastructure investment at a relatively low-risk and low cost to the company,” says the preliminary prospectus. The Company has assembled an undeveloped land position with a multi-year... TSX falls on weaker oil prices, downbeat earnings, Chairman, President & Chief Executive Officer, Chief Financial Officer, Director & VP-Finance. Tourmaline is a perfect way to play rising prices while limiting your downside risk. Peyto Exploration and Development (TSX:PEY) Peyto explores and operates natural gas projects in Albert’s Deep Basin region. TSX:TOU. The Company is 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 Oil Corp is a Canada-based company engaged in oil and gas exploration and production business sector. to colleagues, clients or customers, or inquire about Renowned investor Iain Butler just named 10 stocks for Canadians to buy today. In Toronto, Tourmaline stock fell by as much as 55 cents or 3.2 per cent to $16.58 on Friday afternoon. Tourmaline Oil is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. The larger energy sector is down by 55 per cent so far this year but Tourmaline has actually gained from its close on Dec. 31 of $15.22. The offering is being made through a syndicate of 14 underwriters co-led by Peters & Co. Ltd. and Scotiabank. Topaz was created by Tourmaline last November to hold royalty and energy infrastructure assets that it felt were not being recognized by the market in its share price.Topaz owns royalty interests on about 920,000 hectares of developed and undeveloped oil and gas lands, as well as non-operated stakes in four natural gas processing plants.This report by The Canadian Press was first published Oct. 19, 2020.Companies in this story: (TSX:TOU)The Canadian Press, Tip: Try a valid symbol or a specific company name for relevant results, Toronto - Toronto Real Time Price. The market’s doubt about the ability of the energy industry to regain its former strength is reinforced by the recent move by oil giant BP Plc to reduce fossil fuel production and change itself into a clean energy giant, he said. Tourmaline Oil (TSE:TOU) Stock Price Passes Above Two Hundred Day Moving Average of $12.98 americanbankingnews.com - September 26 at 2:20 AM : Acquisition-hungry Topaz Energy tests investors' appetite with $253-million IPO msn.com - September 25 at 1:36 PM: Planned Topaz IPO expected to be worth $253-million: source theglobeandmail.com - September 24 at 1:50 PM: … In 2014, when natural gas prices were around US$5—roughly where European and Asian prices are today—Tourmaline stock was 150% higher. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. This report by The Canadian Press was first published Sept. 25, 2020. When this page refreshes you will be logged in with the new address. Republication or distribution of this content is Calgary-based Topaz Energy Corp. says it is pricing its initial public offering at the low end of the $13-to-$15 range it announced last month.The subsidiary of Calgary-based Tourmaline Oil Corp. says it expects gross proceeds of about $217.5 million through an offering from treasury of 16.7 million common shares priced at $13 each, the same dollar target it identified in an announcement in September.Its parent company, however, will sell just one million of its Topaz shares instead of the 2.5 million it was planning, bringing in $13 million instead of the $35 million it targeted.Tourmaline senior capital markets analyst Jamie Heard says the company decided to reduce its part of the offering because it believes Topaz is worth more than $13 and it's in "no hurry" to sell.The offering is being made through a syndicate of 14 underwriters co-led by Peters & Co. Ltd. and Scotiabank, which can purchase an additional 2.5 million shares for $32.5 million through an over-allotment option within 30 days of the close, expected next Monday. Topaz Energy prices IPO offering at $13 per share, Tourmaline cuts secondary offering. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Das Unternehmen hat eine... Weitere Informationen über das Unternehmen, Chairman, President & Chief Executive Officer, Chief Financial Officer, Director & VP-Finance.

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