Calgary’s Tourmaline Oil Corp. is anticipating stronger natural gas prices in 2024 and 2025, driven by the LNG Canada export project on British Columbia’s coast and new liquefaction projects elsewhere in North America. CEO Michael Rose hosted a conference call to discuss third quarter earnings for Canada’s largest natural gas producer, which operates in three…
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Tourmaline Eyes Deep Basin Natural Gas Growth with $1.1B Bonavista Acquisition
Canada’s largest natural gas producer, Tourmaline Oil Corp., disclosed it plans to acquire Bonavista Energy Corp. as it looks to add “decades of inventory” to its existing Deep Basin assets in Alberta, according to the firm. Calgary-based Tourmaline signed an agreement to acquire Bonavista in a deal valued at $1.1 billion (C$1.45 billion). The acquisition…
October 16, 2023
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