Tourmaline announced second quarter financial and operating results that were slightly below our forecast, though trailed consensus markedly, noting, however, that these numbers had been walked down in recent weeks (CFPS $0.83 actual vs $0.87 GMPFE vs. $1.00 consensus). Recall, Tourmaline retooled its 5-year outlook, one which further prioritizes liquids growth relative to dry gas projects, the result of which sees FCF increase a reported $840 mm over five years in step with increased netback ....