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Tourmaline Oil Corp. Receives Investment Grade Credit Rating
Tourmaline Oil Corp. Receives Investment Grade Credit Rating Canada NewsWire CAL...
About this update from Tourmaline Oil Corp.
[{"type":"text","content":"\n\n\n\nTourmaline Oil Corp. Receives Investment Grade Credit Rating\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, AB, Sept. 9, 2020\n\n\n\n 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.\n\n \n \n \n \n \n \n\n \nThis 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.  This positions the Company well going forward as North American gas price fundamentals continue to improve.\nThe 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. \nReader Advisories\nCredit ratings\nCredit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities.  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assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant. \nForward-Looking Information\nThis news release contains forward-looking information and statements (collectively, \"forward-looking information\") within the meaning of applicable securities laws. The use of any of the words \"forecast\", \"expect\", \"...