Tourmaline Bolsters Assets and Finances with Crew Acquisition

Tourmaline Oil (TSE:TOU) has released an update.

Tourmaline Oil Corp. has successfully acquired Crew Energy Inc., enhancing its South Montney asset base and expecting to add over $200 million to its 2025 free cash flow. The company also sold a gross overriding royalty interest to Topaz Energy, which will bolster its financial position by providing $278.2 million in cash, to be used for debt reduction and further strategic acquisitions.

For further insights into TSE:TOU stock, check out TipRanks’ Stock Analysis page.