Corporate Presentations
News Releases
- Tourmaline Delivers Record Production, Increases 2P Reserves to 5.5 Billion BOE, Announces a 43% Increase to the Base Dividend and Declares a Special Dividend
- Tourmaline and Topaz Announce the Closing of $345 Million Bought Deal Secondary Offering of Topaz Common Shares
- Tourmaline Declares Quarterly Dividend
Base Dividend
Tourmaline’s current quarterly base dividend payment is as follows:
March 5, 2025
Declaration date
March 14, 2025
Record date
March 31, 2025
Payment date
$0.50
Amount (C$ per common share)
Special Dividend
Tourmaline’s current special dividend payment is as follows:
March 5, 2025
Declaration date
March 13, 2025
Record date
March 25, 2025
Payment date
$0.35
Amount (C$ per common share)
Eligibility of Dividends for Canadian Tax Purposes
All dividends paid by Tourmaline are designated as “eligible dividends” for Canadian tax purposes. This designation will apply until a notification of a change is posted on this website.
Hedging Summary
The Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The Company’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to market conditions and the Company’s activities. As part of its approach to risk management, the Company has entered into certain financial derivative contracts in order to manage commodity risk.