Mr. Robinson holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant. 911 lone star season 1 episode 1 watch online. Additionally, its shares look even more attractive looking out 12 months, as it carries a forward P/E of just 6.86, according to Yahoo Finance. Mr. Rose has more than 38 years of experience in the oil and gas industry and held various exploration and production positions including managing exploration and petroleum engineering research for a large E&P company before founding Berkley Petroleum Corp. ("Berkley") in 1993. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. Tourmaline Oil Corp (TRMLF) CEO Michael Rose on Q1 2020 Results The dividend payout ratio of Tourmaline Oil is 7.63%. The contracts often involve "take-or-pay" agreements, which means the clients pay a pre-determined fee to transport, store, or process the oil or gas, regardless of volume. Insiders have purchased 14.86 million shares. { Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. Baytex Energy Corp. is crude oil and natural gas producer with operations in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.00 per share and currently has a dividend yield of 1.64%. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. list of growing companies that insiders are buying. Michael Rose Net Worth (2023) | wallmine Tourmaline Oil's stock was trading at C$68.32 at the beginning of the year. All Rights Reserved. Company News. 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To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. }, What you need to know, David Rosenberg: Which assets have priced in a recession and which ones haven't. Mr. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. What other stocks do shareholders of Tourmaline Oil own? Rose, a geologist by training who started four successful oil and gas companies in Calgary, has watched his 4.9 per cent stake in Tourmaline balloon to $1.04 billion from $662 million since the beginning of this year. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. CIBC Capital Market has a $47.50 price target for the stock with an outperform rating. That means they have been optimistic about the company in the past, though they may have changed their mind. Mr. Rose said an $8-million investment in the project has already saved Tourmaline more than $25-million in fuel costs. While there are numerous reasons for insiders to sell company shares, there is typically only one reason they buy. Dennis da Silva's Top Picks: April 26, 2023, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, Record 4,800-kilometre voyage for Canadian gas offers relief for Asia, Big Oil is paying out years of dividends in one day. Currently, 80% of the company's production comes from natural gas, and it also claims to have the lowest capital costs in the Alberta Deep Basin. First, investors should note that the OPEC cuts have not yet taken effect (they begin in May). And thanks everybody who's on the line. Vice President, Finance & Chief Financial Officer. Tourmaline Oil has a P/B Ratio of 1.51. Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. But, I will also point out that the stock is only worth considering if you fully understand the tax implications and potential drawbacks of owning an MLP. Prior to joining Tourmaline in 2011, Ms. Tait was the Chief Financial Officer of Cinch Energy Corp., a publically traded junior oil and gas company, which was acquired by Tourmaline. What Stock Would You Invest $5,000 in Right Now? Is this happening to you frequently? 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Story continues below Tourmaline Oil Corp. has a . '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan,and submit your feedback using our Accessibility webform. The company has a fifty day moving average of C$60.92 and a 200 day moving average of C$70.22. In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. { }, Create an account or sign in to continue with your reading experience. So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. } As the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account. TSE:TOU opened at C$56.23 on Wednesday. Canadian Natural Gas Has Gone Global: An Interview with Mike Rose from A high insider ownership often makes company leadership more mindful of shareholder interests. Michael L. Rose founded Tourmaline Oil Corp., Duvernay Oil Corp. and Berkley Petroleum Corp. Mr. Rose holds the position of Chairman, President & Chief Executive Officer of Tourmaline Oil Corp. and Chairman at Topaz Energy Corp. (a subsidiary of Tourmaline Oil Corp.). The consensus among Wall Street research analysts is that investors should "buy" TOU shares. which phrase signals a contrast between ideals about marriage 304-539-8172; one level homes in clemmons, nc casadeglo3@gmail.com Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion Prior to joining Tourmaline, Ms. Beck worked in legal and business development roles at Pembina Pipeline Corporation. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. "width": "100%", { Receive TOU Stock News and Ratings via Email. }. "originalTitle": "Commodities" As the Director of Paramount Resources, the total compensation of Susan Rose at Paramount Resources is CAD$70,000. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. { 7 brokers have issued twelve-month target prices for Tourmaline Oil's shares. Prior thereto, Mr. Robinson was Vice President, Finance and Chief Financial Officer of Duvernay and prior to that was Vice President, Finance and Chief Financial Officer of Berkley. Join thousands of other investors who make better investing decisions with our premium tools. Mr. McKinnon has served as the Vice President, Operations of Tourmaline Oil Corp. since May 2015. This article by Simply Wall St is general in nature. If you are a Home delivery print subscriber, unlimited online access is. Despite a significant decline in U.S. crude stockpiles, the dollar has risen in value and oil has fallen in price, largely due to the likelihood of the Federal Reserve raising interest rates again next month (which could potentially weaken energy demand further). If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Access to my personal gold portfolio and build your own winning portfolio. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Michael Rose Email & Phone Number - Tourmaline | ZoomInfo This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. "largeChartUrl": "https://energynow.ca/markets/", Tourmaline Oil does not have a long track record of dividend growth. "gridLineColor": "rgba(42, 46, 57, 0)", Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, . June 14, 2022; utpal parrikar education . Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. "locale": "en", Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Beginning in January 2023, Tourmaline will supply 140,000 mmBtu per day (approximately 140 mmcf/d) to the Corpus Christi liquefaction terminal for a 15-year term. Should You Be Too? Oil's short-term outlook remains uncertain for these reasons. "s": "TVC:USOIL+NYMEX:ICL1! Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Please try again. The information you requested is not available at this time, please check back again soon. In 2019, Tourmaline spun out its royalty business Topaz Energy Corp., named after another gemstone, which listed on the Toronto Stock Exchange in a $230.5 million offering last year. This advertisement has not loaded yet, but your article continues below. Natural gas stations coming soon to Canada | Financial Post Rose, a geologist by training who started four successful oil and gas companies in Calgary, has watched his 4.9 per cent stake in Tourmaline balloon to $1.04 billionfrom $662 million since the beginning of this year. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. As the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. Monitor your investments 24 hours a day, around the clock from around the globe. I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Its earnings are supported by its "fee-based" contracts it has signed with its clients. The combined co. will command a higher market cap ($5 billion), stronger production, more liquidity, and a greater ability to return capital to shareholders. ], See what's happening in the market right now with MarketBeat's real-time news feed. You probably do not want to miss this free list of growing companies that insiders are buying. In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. And the longer term insider transactions also give us confidence. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. Tourmaline is a Canadian senior oil and natural gascompany focused on long-term growth through anaggressive exploration, development, production and acquisition program in the Western CanadianSedimentary Basin. Markets never sleep, and neither does Bloomberg News. Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. While he sees less upside for Tourmaline, Bilkoski still has a buy rating on Topaz Energy Corp., an energy royalty and infrastructure spinoff for which all 14 analysts have buy recommendations. Tourmaline had net income in the last three months of 2020 of $629 million, more than 10 times the $61.3 million it reported in the same period of 2019. The P/E ratio of Tourmaline Oil is 4.65, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 56.11. There was an error, please provide a valid email address. Tourmaline Oil has only been the subject of 2 research reports in the past 90 days. News; Video; Tourmaline continues buying spree in Montney with $750-million deal for US Property Taxes Rose Twice as Fast Last Year Than in 2021. . Susan Riddell Rose Net Worth (2023) | wallmine CA Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. 1 for 4 weeks, Alibaba's Jack Ma turns up in Japan as college professor, On May Day, workers rally for better labor conditions, 'Waste of time': Community college transfers derail students. Tourmaline is part of the Electricity, Oil & Gas industry, and located in Canada. You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan,and submit your feedback using our Accessibility webform. Mr. Bush served as Completions and Operations Engineering Manager of Duvernay Oil Corp. until its acquisition in 2008. How were Tourmaline Oil's earnings last quarter? With its low-cost structure and diversified marketing exposure, analysts say Tourmaline is well-positioned to generate superior returns. This idea was discussed in more depth with members of my private investing community, The Gold Bull Portfolio. Tourmaline stands out to me as a super-attractive oil & gas stock for several reasons: Insider buying: Three insiders at Tourmaline Oil Corp. have bought C$6 million (US$4.45 million) worth of shares over the past year, according to MarketBeat. The official website for the company is www.tourmalineoil.com. Last updated: 1 April 2023 at 11:00am EST. As a Master Limited Partnership ("MLP"), Energy Transfer also benefits from certain tax advantages. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. [Gas in Transition, Volume 2, Issue 5] Guests watch a video detailing the announcement of a $70 million joint development agreement between Tourmaline Oil Corp. and Clean Energy Fuels Corp. to build CNG stations in Western Canada. We believe the recent pause in the shares represents an opportunity as we move into the fall of 2021. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). Tourmaline stock was trading 155 per cent higher to $33.53 per share at the end of last week, compared to the same period last year, and nearly 205 per cent higher compared to March 2020 when oil and gas stock prices began to slide. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Potential Tourmaline Oil Corp. ( TSE:TOU) shareholders may wish to note that the Chairman of the Board, Michael Rose, recently bought CA$238k worth of stock, paying CA$23.79 for each share.. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. In sweetheart deal, Tourmaline buys natural gas play Prior to Pembina, Ms. Beck worked in private practice as a securities lawyer at Stikeman Elliott LLP in London, UK and at Blake, Cassels and Graydon LLP in Calgary. He founded Berkley Petroleum Corp. in 1993 and sold it to Anadarko Petroleum in 2001 before starting Duvernay Oil Corp., which he sold to Shell Canada Ltd. for $5.9 billion in 2008. there have been sell-offs in oil & gas stocks in the first place. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Rose also purchased 5,000 shares at C$62.77 on January 25. According to reliable sources, he means about $5 million to $10 million per year from his endorsements and television endeavors. Get email updates from your favourite authors. He is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Entering text into the input field will update the search result below. According to the International Energy Agency's (IEA), Finally, remember that the U.S. has stated it intends to refill the. Bottom line: Tourmaline is one of the lowest-risk energy stocks I've analyzed. Tourmaline Oil's mailing address is 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. The White Oak Shortage That Could Ruin the Bourbon Industry, First Republic Seized by Regulators, to Be Sold to JPMorgan, Australias Rapid Fiscal Revival Brings Budget Surplus in View, Goldman, Bank of America Slightly Push Back Call for BOJ Move, Kings Coronation Holiday Provides Latest Drag for UK Economy, Chinas Midea Said to Make Takeover Approach to Electrolux, Bank Failures, Broken Markets Loom Over Milkens Capitalist Utopia, AI Chatbots Have BeenUsed to Create Dozens of News Content Farms, Tech, AI Driving Job Changes for Nearly a Quarter of All Workers, Jack Ma Joins University of Tokyo as Visiting Professor, Singapore Voices Grave Concern Over South China Sea Tensions, Peter Thiel Tells Black-Tie NYC Audience That Diversity Is a Distraction, What You Need to Know About the Biden Administrations New Mortgage Fees, Russias Most Famous Fashion Designer, Who Dressed First Ladies, Dies at 85, Pope voices willingness to return Indigenous loot, artifacts, The Slow Dance Between Markets and Central Banks, The Oil Industrys Unhappy Marriage Is Starting To Face Facts, Dont Make It Too Hard for Americans to Investin China, The Boring Old Box Truck Gets the Tesla Treatment, For Banks Under Stress, Theres a Federal Backstop That Provides Help Without Stigma, What the US Can Learn From Europes ESG Mistakes, UKs Diverse Communities Ambivalent About Kings Coronation, Japan Coalition Party Says More Handouts for Kids Top Priority, What to Know About Red-Flag Warnings, an Ominous WildfireForecast, Occidental Hopes to Sell the Carbon It Capturesat the Worlds Biggest Plant, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, Nigerias SEC Plans to Allow Asset-Backed Tokens But Not Crypto, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021, Bitcoin on Course for Longest Streak of Monthly Gains Since 2021.

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