“Ask me in three to five years and I’m either going to be a visionary or a jackass. Tourmaline Oil Corp - Primarily a natural gas company with operations in Northern BC and central Alberta. This field is for validation purposes and should be left unchanged. Das Unternehmen ist ein Ölsand-Vorproduktionsunternehmen mit einer Landposition von insgesamt ca. The … Investment bankers say industry financial woes made worse by the COVID-19 contagion are prompting virtually all corporate boards to run the numbers on potential transactions to either satisfy lenders or beef up to become relevant to institutional investors. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Several deals have already been announced following a lengthy drought, including two last week. US Oil Sands Inc. (US Oil Sands) beschäftigt sich mit der Exploration und Entwicklung von Ölsandvorkommen. Sign up for the latest news and updates on corporate power at the climate crossroads. Sign up today. “The industry’s returns have been horrendously poor in North America for the last six years now,” he says. Click here to subscribe. Santonia Energy Inc. erhält Einverständnis für Fusion mit Tourmaline Oil Corp. Tourmaline Oil Corp. kauft Cinch Energy Corp. Entgegen allen Erwartungen: Rohöl fällt ab jetzt saisonal! Some of the targets – including producers and oil field service providers – were limping before the pandemic took its toll on energy prices. In Ihrem Webbrowser ist JavaScript deaktiviert. Tourmaline, for instance, acquired two producers, Chinook Energy Inc. and Polar Star Canadian Oil and Gas Inc., just before the lockdown. Its operations target the production of heavy crude oil—one of the most carbon-heavy oil sources produced in the country. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. Teck Resources Ltd. is Canada’s largest diversified mining company and the world’s second-biggest exporter of steelmaking coal (metallurgical coal). Please log in to listen to this story. Tourmaline has major positions in three large resources plays in the Western Canadian Sedimentary Basin: the Alberta Deep Basin, the Northeast British Columbia Montney and the Peace River Triassic Oil complex. Readers can also interact with The Globe on Facebook and Twitter . The investment arm of that group, G2S2 Capital Inc., stands to pick up $18-million worth of lien notes in the recapitalization of oil field service stalwart Calfrac Well Services Ltd., itself the target of a hostile bid from a major U.S. shareholder. These unauthorized organizations and individuals use the Tourmaline Oil name and logo in emails and on forms in an attempt to solicit up-front fees from interested job-seekers. Larger producers are expected to take the opportunity to add assets in their core areas such as the Montney, or are looking to buy out their partners to build economies of scale. US OIL SANDS INC. : Kurs, Charts, Kurse, Empfehlungen, Fundamentaldaten, Echtzeitnews und Analysen der Aktie US OIL SANDS INC. | UERLF | OTC Bulletin Board - Other OTC All Rights Reserved, Environment, Sustainability and Safety Committee, Disclosure, Confidentiality and Trading Policy. Alberta natural gas prices, meanwhile, have strengthened considerably, selling for $2.47 a gigajoule on Monday, compared with $1.61 a year earlier. Full Disclaimer, FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. © Copyright 2020 The Globe and Mail Inc. All rights reserved. 32.010 Acres an Bitumenextraktionsrechten auf Pachtverträgen im... IIROC Trade Resumption - US Oil Sands Inc. Weitere Informationen über das Unternehmen, President, Chief Financial Officer & Secretary, Manager-Investor Relations & Corporate Development. “I am somewhat long-term bullish, in that I do believe fossil fuel will still be here in my lifetime because it is a global commodity and the world is still growing,” Mr. Armoyan told The Globe and Mail in a recent interview. Most of the oil in the Athabasca Oil Sands is contained in the fluviatile sands and in the fine-grained micaceous sands of the foreset beds of the ancient delta of the McMurray Formation. A research and public engagement project investigating the power of the fossil fuel industry in Western Canada, led by the University of Victoria, Canadian Centre for Policy Alternatives (BC and Saskatchewan Offices) and Parkland Institute. Your time is valuable. Tourmaline, for instance, acquired two producers, Chinook Energy Inc. and Polar Star Canadian Oil and Gas Inc., just before the lockdown. Instead, U.S. shale producers attracted billions of dollars. Current daily production is approximately 23,000 boepd,approximately 120 mmcfpd of natural gas and approximately 3000 bblpd of oil, condensate and liquids. The first corporation to develop Canada’s oil sands in the 1960s, Suncor Energy continues to hold a dominant position as Canada’s largest energy company, and the world’s largest bitumen producer. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. 1-800-937-5449 or 718-921-8124. 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Imperial Oil is Canada’s second-largest integrated oil company. If you believe you have received a fraudulent correspondence claiming to be from Tourmaline, please forward us the information by email to RecruitmentFraud@tourmalineoil.com. Cenovus Energy is the third-largest oil sands company in Canada by known reserves. The company, run by chief executive Mike Rose, is expected shortly to announce the initial public offering of its royalty and energy infrastructure spinoff, Topaz Energy Corp. Tourmaline has earmarked proceeds for funding for future acquisitions. We aim to create a safe and valuable space for discussion and debate. Gibson Energy Inc. is one of the largest energy infrastructure companies in Canada, providing oil storage services for the oil sands and pipeline injection stations throughout Canada and the US. The current strength in gas prices could help boost the deal flow into the fall, Mr. Pavic said. All Rights Reserved, Environment, Sustainability and Safety Committee, Disclosure, Confidentiality and Trading Policy, If you believe you have received a fraudulent correspondence claiming to be from Tourmaline, please forward us the information by email to. “You’re seeing some parties that are thinking that this is a bottom, and it would be a good time to dip their toe in and acquire some oil and natural gas assets,” said Tom Pavic, president of Sayer Energy Advisors in Calgary. This field is for validation purposes and should be left unchanged. MEG Energy - Borderline large cap oil sands producer with 5 billion barrels (790,000,000 m 3) 6 billion barrels (950,000,000 m 3) of 2P reserves in Christina Lake and Surmont (the 2 projects are 50 km apart). The 2014-15 oil price collapse has taken a heavy toll on Alberta’s smaller producers, while the bigger players, based mostly in the tar sands, have been able to withstand the lean years. Crude is stuck at a price that crimps returns for many oil producers and relegates them to looking for savings in overhead costs rather than plowing capital into new wells. AST Toll Free (Transfer Agent) As a result, capital available to many companies, especially the smaller ones with production at around 20,000 barrels of oil equivalent a day, has dried up. That compares with about US$56 a year ago. Also last week, Whitecap Resources Ltd. announced a $155-million deal to buy NAL Resources Ltd. from its owner, Manulife Financial Corp. That helps Whitecap consolidate properties across four-fifths of its portfolio of assets in Saskatchewan and Alberta. Tourmaline, for instance, acquired two producers, Chinook Energy Inc. and Polar Star Canadian Oil and Gas Inc., just before the lockdown. Intends to Make Normal Course Issuer Bid, Tourmaline Oil Corp. .erals found in the black sands. Thank you for your patience. Wir verwenden Cookies, um Ihnen eine optimale Funktion der Webseite zu ermöglichen. In August, WEF merged its natural gas and heavy oil companies, Strath Resources Ltd. and Cona Resources Ltd., to form Strathcona Resources Ltd. – and bought a large stake in producer Osum Oil Sands Corp. to help maintain access to capital through size. © 2007 - 2020 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe, Tourmaline Oil Corp. Receives Investment Grade Credit Rating, Tourmaline Announces Strong Operating and Financial Results for Q2 2020 with Significant Free Cash Flow, Tourmaline Renews Normal Course Issuer Bid, Tourmaline Declares Quarterly Dividend and Announces Election of Directors, Tourmaline Announces Strong Q1 2020 Results, Reduces 2020 Budget to Maintenance Capital, Reconfirms 2020 Dividend, Topaz Announces Executive Appointments and Declares its First Dividend, Tourmaline Generates Record Free Cash Flow, Grows Production 10%, Increases 2P Reserves to 2.6 Billion Boe in 2019, Tourmaline Announces NEBC Montney Consolidation Activities, Tourmaline Confirms 2020 Guidance and Achieves 2019 Exit Targets, Quarterly S&P/TSX Composite Index Review - December 2019, Tourmaline Oil Corp. Declares Quarterly Dividend, Tourmaline and Topaz Announce Completion of Previously-Announced Transaction, Tourmaline's Free Cash Flow Generation Continues and Capital Efficiencies Improve, Tourmaline Announces Formation of Topaz Energy, Unlocking Value in Tourmaline's Significant Asset Base, Tourmaline Realizes Strong Q2 Earnings and Continues to Focus on Free Cash Flow Generation, Tourmaline Oil Corp. This is a space where subscribers can engage with each other and Globe staff. AST Toll Free (Transfer Agent) The 12-month forward price, known as the strip, is even more bullish at $3.11 a GJ. Tourmaline is a Canadian senior oil and natural gas company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Shortly after Kelt’s sale, Canadian Natural Resources Ltd. made a friendly $111-million bid for Painted Pony Energy Ltd. to beef up its own Montney holdings. Alaska, and the United States as a whole, are not favored with an abundance 'of tungsten minerals or of cassiterite. Meanwhile, some value-focused private equity investors are also jumping in. Indeed, many large institutional investors had long since turned their attentions away from Canadian energy amid years of delays in adding export pipeline capacity. That means: Comments that violate our community guidelines will be removed. Wenn Sie weitersurfen, stimmen Sie der Cookie-Nutzung zu. holding major assets in conventional and unconventional oil in Alberta, as well as natural gas in Alberta and British Columbia (BC). The Company has carefully selected these resource plays based on rigorous subsurface technical and economic criteria. Imperial Oil is Canada’s second-largest integrated oil company. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser.