Tourmaline Oil to acquire Bonavista Energy for $1.06bn.

Tourmaline Oil, a Canadian energy company engaged in the exploration, development, and extraction of crude oil and natural gas, agreed to acquire Bonavista Energy, an intermediate, dividend-paying Canadian oil and natural gas producer, for $1.06bn. Bonavista is the ninth largest natural gas liquids weighted producer in Western Canada and has assets in the Deep Basin which straddles the provinces of Alberta and British Columbia.