Tourmaline released second quarter financial and operating results that were in line with our forecast, characterized by another period of sequential unit cost reductions, and augmented by lower E&D capital investment, the latter while a traditional hallmark of second quarter results, nonetheless affirms our view that Tourmaline will demonstrate industry leading capital efficiencies ahead. There are no material changes to our 2016e forecast. We are increasing our 2017e volume forecast, no
04 Aug 2016
Tourmaline Announces Second Quarter Results
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Tourmaline Announces Second Quarter Results
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
04 Aug 2016 -
Author:
Robert Fitzmartyn -
Pages:
6
Tourmaline released second quarter financial and operating results that were in line with our forecast, characterized by another period of sequential unit cost reductions, and augmented by lower E&D capital investment, the latter while a traditional hallmark of second quarter results, nonetheless affirms our view that Tourmaline will demonstrate industry leading capital efficiencies ahead. There are no material changes to our 2016e forecast. We are increasing our 2017e volume forecast, no