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CS - Tourmaline mines value from assets with new firm Topaz Energy - October 2019
Tourmaline Oil Corp. found a gem of an idea to monetize some of the untapped value in its E&P and infrastructure businesses without major impact to its free cash flow. It formed private royalty and infrastructure energy company Topaz Energy Corp. and plans to sell it a royalty interest on Tourmaline lands, non-operated stakes in gas processing plants and a piece of its current third-party revenue. The $775 million price tag will be paid......
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