Credit ratings are not recommendations to purchase, hold or sell securities and do not address the market price or suitability of a specific security for a particular investor. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Pricing of Tourmaline is reliant on the color you are buying. This public investment grade credit rating helps validate the overall financial health of Tourmaline as a stable, low-risk, senior North American oil and gas producer. The use of any of the words “forecast”, “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “on track”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. Copyright © 2020 CNW Group Ltd. All Rights Reserved. These include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertain impacts of COVID-19 on Tourmaline’s business, and the societal, economic and governmental response to COVID-19; the uncertainty of estimates and projections relating to reserves, production, revenues, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; interest rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; ability to access sufficient capital from internal and external sources; uncertainties associated with counterparty credit risk; failure to obtain required regulatory and other approvals; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. Without limitation of the foregoing, future dividend payments, if any, and the level thereof is uncertain, as the Company's dividend policy and the funds available for the payment of dividends from time to time is dependent upon, among other things, free cash flow, financial requirements for the Company's operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors beyond the Company's control. The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. Credit ratings are not recommendations to purchase, hold or sell securities and do not address the market price or suitability of a specific security for a particular investor. Made In NYC | Additional information on these and other factors that could affect Tourmaline, or its operations or financial results, are included in the Company's most recently filed Management's Discussion and Analysis (See "Forward-Looking Statements" therein), Annual Information Form (See "Risk Factors" and "Forward-Looking Statements" therein) and other reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or Tourmaline's website (www.tourmalineoil.com). Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. This public investment grade credit rating helps validate the overall financial health of Tourmaline as a stable, low-risk, senior North American oil and gas producer. As the largest producer of natural gas in Canada with one of the lowest cost structures, the Company has been able to maintain low leverage at attractive interest rates through prolonged periods of weak commodity prices while growing production, cash flow and dividends.
TOURMALINE OIL CORP. RECEIVES INVESTMENT GRADE CREDIT RATING Calgary, Alberta - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that on September 9, 2020 it has been assigned an issuer rating of BBB with a stable trend from DBRS Limited. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The forward-looking information is based on certain key expectations and assumptions made by Tourmaline, including expectations and assumptions concerning the following: prevailing and future commodity prices and currency exchange rates; the degree to which Tourmaline's operations and production will be disrupted by circumstances attributable to the COVID-19 pandemic and the responses of governments and the public to the pandemic; the ability to maintain an investment grade credit rating; applicable royalty rates and tax laws; interest rates; future well production rates and reserve volumes; operating costs, the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the benefits to be derived from acquisitions; the state of the economy and the exploration and production business including the impacts of the COVID-19 pandemic and the responses of governments and the public to the pandemic thereon; the availability and cost of financing, labour and services; and ability to market crude oil, natural gas and natural gas liquids successfully. More particularly and without limitation, this news release contains forward-looking information concerning the benefits to be derived from an investment grade credit rating, including providing market confidence, evaluating and assessing credit risk, the ability to obtain and manage debt on favourable terms and better benchmarking comparisons. Our flexible approach enables clients to credit their CCA/CSA account when trading directly with Tourmaline Partners and/or with the executing broker(s) of their choice, while aggregating their commissions in a single, centralized account. This news release contains forward-looking information and statements (collectively, "forward-looking information") within the meaning of applicable securities laws. The Company believes that an investment grade rating will provide confidence to the market to effectively and efficiently evaluate and assess credit risk as well as help in obtaining and managing debt on favourable terms and provide for better benchmarking comparisons. Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. More particularly and without limitation, this news release contains forward-looking information concerning the benefits to be derived from an investment grade credit rating, including providing market confidence, evaluating and assessing credit risk, the ability to obtain and manage debt on favourable terms and better benchmarking comparisons. The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. CALGARY, AB, Sept. 9, 2020 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that on September 9, 2020 it has been assigned an issuer rating of BBB with a stable trend from DBRS Limited. Stock quotes by finanzen.net. The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. The Company believes that an investment grade rating will provide confidence to the market to effectively and efficiently evaluate and assess credit risk as well as help in obtaining and managing debt on favourable terms and provide for better benchmarking comparisons. Further, the ability of Tourmaline to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness, including its credit facility. Further, the ability of Tourmaline to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness, including its credit facility. Commerce Policy | Tourmaline offers a comprehensive, centralized commission management solution for institutional clients. This positions the Company well going forward as North American gas price fundamentals continue to improve. Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. As the largest producer of natural gas in Canada with one of the lowest cost structures, the Company has been able to maintain low leverage at attractive interest rates through prolonged periods of weak commodity prices while growing production, cash flow and dividends. More particularly and without limitation, this news release contains forward-looking information concerning the benefits to be derived from an investment grade credit rating, including providing market confidence, evaluating and assessing credit risk, the ability to obtain and manage debt on favourable terms and better benchmarking comparisons. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant. Readers are cautioned that the foregoing list of factors is not exhaustive. The use of any of the words "forecast", "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "on track", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information. Actual results could differ materially from those currently anticipated due to a number of factors and risks. This public investment grade credit rating helps validate the overall financial health of Tourmaline as a stable, low-risk, senior North American oil and gas producer. Guilty plea lands Tamarack an $80,000 penalty, U.S. natgas hits near 2-yr high on higher demand view, storm threat, PrairieSky announces 2020 third quarter results, Receivership Sale: Point Loma Resources Ltd, Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties.
Disclaimer | A Cision company. The semi-precious stone tourmaline grows in a number of colors, ranging from black to blue to pink.