"tabs": [ He wrote in a note earlier this month that Tourmaline has been a fantastic Canadian natural-gas business, with nearly flawless strategic execution over the past several years but that its valuation had become stretched.. Prior thereto, he wasVice President, Land and Contractsat Berkley Petroleum Corp. until it was acquired in 2001. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. Although it's not the only criteria to consider when evaluating a company, tracking and analyzing insider activity has proven valuable. Monitor your investments 24 hours a day, around the clock from around the globe. 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. Tourmaline is the third oil and gas company Rose has founded and led. There was an error, please provide a valid email address. Last updated: 1 April 2023 at 11:00am EST. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. Please. The company can be reached via phone at +1-403-7673587. { Mr. Frostad holds a Master of Science (Geology) and Bachelor of Science (Geology) from the University of Calgary. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. "d": "CDN Light Sweet" This suggests a possible upside of 38.7% from the stock's current price. It also carries a book value per share of $5.56, higher than its current stock price. Get daily stock ideas from top-performing Wall Street analysts. In many cases, I've found that insiders have (mostly) timed their purchases wisely. Company News. Tourmaline Oil has a P/B Ratio of 1.51. The Ranger Oil acquisition looks like a transformative move for the company, and, I think it's a good sign that insiders have been buying ahead of the closing of the acquisition. 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. Tourmaline Oil has received a consensus rating of Buy. He is a member of the Association of Professional Engineers and Geoscientists of Alberta, Engineers and Geoscientists British Columbia and the Canadian Society of Petroleum Geologists. Rose, a geologist by training who started four successful oil and gas companies in Calgary, has watched his 4.9% stake in Tourmaline balloon to C$1.04 billion ($807 million) from C$662 million since the beginning of this year. Oil's short-term outlook remains uncertain for these reasons. 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. Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.00 per share and currently has a dividend yield of 1.64%. 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 market average P/E ratio of about 126.86. To help with this, we've discovered 5 warning signs (1 doesn't sit too well with us!) 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. 57.64% of the stock of Tourmaline Oil is held by institutions. [Gas in Transition, Volume 2, Issue 5] On January 23 and 25, Jill Angevine, Director, bought 1,120 shares at C$62.63 and C$65.94. View which stocks are hot on social media with MarketBeat's trending stocks report. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Mr. Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Tourmaline is Canada's largest natural gas producer and its fourth-largest gas processing midstream operator. Read our dividend analysis for TOU. Tourmaline Oil has a PEG Ratio of 1.72. I am not receiving compensation for it (other than from Seeking Alpha). Prior thereto, he was the Manager, Corporate Affairs atDuvernay Oil Corp., until its acquisition in 2008 for $5.9 billion. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canada's billionaires.Rose, a geologist by training who started four successful oil and gas companies in Calgary, has watched his 4.9% stake in Tourmaline balloon to C$1.04 billion from C$662 million since the beginning of this year. Receive TOU Stock News and Ratings via Email. Distribution: One of the key reasons to invest in its stock is for its distribution. Bottom line: Energy Transfer Partners is a lower-risk stock to own in the oil & gas sector, as its earnings and cash flow are far less dependent on commodity prices. Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. We aim to bring you long-term focused analysis driven by fundamental data. Mr. Rose said an $8-million investment in the project has already saved Tourmaline more than $25-million in fuel costs. Recently, he sat down with Tim Egan, CEO of the Canadian Gas Association, to discuss Tourmaline's past, present and future, Canada's road to net zero, and how to navigate that path. Its shares now yield 9.78%, as of writing. The company-specific risks to achieving its price target include infrastructure constraints that may limit Tourmalines ability to tie-in new production and changes to production deliverability assumptions (i.e., initial production rates and production declines) on Tourmalines undeveloped assets.. Concerned about the content? Tourmaline Oil does not have a long track record of dividend growth. 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. We encountered an issue signing you up. The company employs 322 workers across the globe. National Bank analyst Dan Payne calls the company stock best in breed, noting that the company has structurally gapped away from the peers, which should continue to yield outsized returns and value.. Tourmaline made some exciting announcements last week. The dividend payout ratio is 7.63%. What other stocks do shareholders of Tourmaline Oil own? Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). TSE:TOU opened at C$56.23 on Wednesday. So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. VP of Fin., CFO & Non-Independent Director. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Michael Rose has been working as a Chairman, President & Chief Executive Officer at Tourmaline for 21 years. Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account. Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. contact@marketbeat.com Ms. Aspin holds a Bachelor of Commerce degree from the University of Saskatchewan. View analysts price targets for TOU or view top-rated stocks among Wall Street analysts. How many employees does Tourmaline Oil have? Watch the video above to hear more of Roses conversation with Andrew McCreath. "showFloatingTooltip": true, Please disable your ad-blocker and refresh. Join the exclusive community of smart investors who trustThe Gold Bull for expert analysis on all commodity stocks! 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 are 14 executives at Paramount Resources getting paid more, with James Riddell having the highest compensation of $1,815,460. I have no business relationship with any company whose stock is mentioned in this article. In-depth profiles and analysis for 20,000 public companies. See what's happening in the market right now with MarketBeat's real-time news feed. We start this journey in 1998 with England vs. Argentina, the game that had everything. He wrote in a note earlier this month that Tourmaline has been a fantastic Canadian natural-gas business, with nearly flawless strategic execution over the past several years but that its valuation had become stretched.. It's certainly positive to see the recent insider purchases. Access articles from across Canada with one account. Rose also purchased 5,000 shares at C$62.77 on January 25. CIBC analysts think the primary sector risks are lower commodity prices and rising industry costs. He is also Member of Canadian Society of Petroleum . (Natural) gas demand just keeps building, Rose said. This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. As a Master Limited Partnership ("MLP"), Energy Transfer also benefits from certain tax advantages. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. Don't miss this opportunity to take control of your investment strategy and grow your wealth subscribe now! "s": "USOIL", Please try again. Dividend: One potential downside of owning the stock is the fact that it (currently) does not pay a dividend. that you ought to be aware of before buying any shares in Tourmaline Oil. Tourmaline Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TOU.". Tourmaline Oil is Canada's largest natural gas producer, and a leader in employing technology and innovation to produce ever cleaner natural gas. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008 for $5.9 billion. Mr. Insider buying: Insiders have been buying shares aggressively over the past year. 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. Previously, Mr. Robinson held numerous positions in finance and accounting with intermediate and senior oil and gas companies commencing his career with a large public accounting firm. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. This distribution looks very sustainable here given that Energy Transfer is producing close to $2 billion in distributable cash flow on a quarterly basis, and is paying out ~$950 million in distributions per quarter to maintain its yield (see its Q4 2022 financial results for more details). "showChart": true, } But over a five-year period, the stock has only edged up 0.15 per cent. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. However, the company issued a $2/share special dividend earlier this year, and it's highly likely the company issues another special dividend again this year, based on its past track record. To see all exchange delays and terms of use please see Barchart's disclaimer. Insider buying: Four separate insiders have purchased C$283,312 worth of stock over the past 12 months, according to MarketBeat. The following insiders have purchased ET shares in the last two years, according to MarketBeat (with dollar value): Approximately 3.28% of its stock is owned by insiders. This should lead to annual operating cash flow just shy of $4 billion and free cash flow of $2 billion, according to company estimates published at its corporate presentation. Alternatively, email editorial-team (at) simplywallst.com. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his company's outlook on pricing, revenue and cash flow. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. You probably do not want to miss this free list of growing companies that insiders are buying. Please be aware of the risks associated with these stocks. Here's why Energy Transfer looks like an attractive investment opportunity. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? There are currently 6 buy ratings and 1 strong buy rating for the stock. Our daily ratings and market update email newsletter. The company has been on an acquisition spree, having completed the purchase of Black Swan Energy Ltd., and Paramount Resources Ltd.s land assets in North Montney. This article by Simply Wall St is general in nature. Bottom line: Tourmaline is one of the lowest-risk energy stocks I've analyzed. { Tourmaline, Canadas second-largest natural gas producer, has jumped 56 per cent over that period thanks to a combination of rising natural gas prices on tight supplies and a series of dividend hikes and special dividend payouts. 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. According to the International Energy Agency's (IEA), Finally, remember that the U.S. has stated it intends to refill the. Watch: Tourmaline Oil CEO Michael Rose on building CNG stations with Clean Energy Fuels in Western Canada. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. { It's a proven operator with strong, diversified production in North America, low cash costs, and one of the strongest balance sheets in the oil & gas sector. Subscribe now to read the latest news in your city and across Canada. Its shares carry a P/E of 3.49 (below the sector median of 7.59), and an EV/EBITDA of 2.76 (vs. 5.53 sector median), according to data from Seeking Alpha. That gives the company enormous financial flexibility - it can ramp up its shareholder returns via increased dividends and buybacks, or use its firepower to complete accretive deals, should it desire to, for example. 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. With its low-cost structure and diversified marketing exposure, CIBC Capital Market analysts say Tourmaline is well-positioned to generate superior returns at a range of natural gas price assumptions. Mr. Bush is the Chief Operating Officer of Tourmaline Oil Corp., a position he has held since April 2014. "belowLineFillColorFallingBottom": "rgba(41, 98, 255, 0)", I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. But the company does carry quite a bit of debt. Valuation: The stock trades at dirt cheap levels, with a P/E ratio of 4.65, and EV/EBITDA of 4.23, both below the sector median. Energy Transfer is currently paying out $1.23 annualized (back to its payout levels before the pandemic hit), after its recent distribution increase. "title": "Commodities", PEG Ratios above 1 indicate that a company could be overvalued. Tourmaline still own just over a 50 per cent stake in Topaz. Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. Analysts are almost universally bullish on Tourmaline, with 12 buy recommendations and just one hold, from TD Securities analyst Aaron Bilkoski, according to data compiled by Bloomberg. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Tourmaline Oil's stock was trading at C$68.32 at the beginning of the year. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. "s": "TVC:UKOIL", articles a month for anyone to read, even non-subscribers! view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. Daily puzzles including the New York Times Crossword. In this case we're pleased to report that the insider purchases were made at close to current prices. 326 E 8th St #105, Sioux Falls, SD 57103 A high insider ownership often makes company leadership more mindful of shareholder interests. "plotLineColorGrowing": "rgba(15, 164, 207, 1)", The oldest executive at Tourmaline Oil Corp. is JohnElick, 77, who is the Independent Director. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. At the 2022 Canada Energy Assembly and Dinner, Mike Rose, President and CEO of Tourmaline Oil Corp, was presented with the Lifetime Achievement Award, sponso. 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. Earlier in the year, they paid CA$18.70 per share in a CA$371k purchase. What you need to know, David Rosenberg: Which assets have priced in a recession and which ones haven't. It owns a diverse portfolio of assets, including pipelines and storage facilities. The official website for the company is www.tourmalineoil.com. Dividend: The company paid a $7.90 per share dividend last year, which equals a trailing yield of 17.56% based on its current stock price of $45. Tourmaline gained the mineral rights by giving Perpetual Energy about 6.75 million share of Tourmaline stock, worth approximately CAN$256.5 million. Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). ", Heres why, Red Alert Ahead: Report Warns More World Oil and Gas Investment Desperately Needed, Capstone Infrastructure Corporations Wild Rose 2 Wind Farm Signs Landmark Agreement with the City of Edmonton, Capping Russian Oil Prices Is Pure Fantasy, Williston Basin Petroleum Conference 2023, Canada Gas & LNG Exhibition and Conference 2023, The Indigenous Partnerships Success Showcase 2023, Operational Excellence in Energy, Chemicals & Resources (OPEX 2023), 2023 NCC Energy and Natural Resource Summit, 9th Annual Digitalization in Oil and Gas Conference (Digitalization 2023). I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. All rights reserved. Hes married to Perpetual Energy CEO Sue Riddell-Rose, whose late father Clay Riddell founded Paramount Resources and was a co-owner of the National Hockey Leagues Calgary Flames before his death in 2018. In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. 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. 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. (844) 978-6257. Its current quarterly dividend of $.25 equals a 1.62% current stock yield. Most recently, Kelcy Warren, Chairman, bought 1.33 million shares at an average price of $12.99 on Feb. 22, according to MarketBeat. The special dividends have netted Rose almost C$45 million this year. Since then, TOU shares have decreased by 10.9% and is now trading at C$60.87. "plotLineColorFalling": "rgba(41, 98, 255, 1)", And thanks everybody who's on the line. 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. Prior thereto, he was Completions Manager at Tourmaline since May 2013. We apologize, but this video has failed to load. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. UPDATE 1-U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan, U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan, Morgan Stanleys Wilson Says Hawkish Fed Surprise to Roil Stocks, Australian 7-Eleven franchise puts 700-store chain up for sale, UPDATE 1-Sudan conflict shows no sign of easing, Sudanese brace for more violence. It said the increase in net earnings. Balance sheet strength: Tourmaline has one of the strongest financial positions of any oil & gas stock I've evaluated. First, investors should note that the OPEC cuts have not yet taken effect (they begin in May). "symbols": [ This payout ratio is at a healthy, sustainable level, below 75%. Mr. Kirker holds a Bachelor of Arts degree and a Masters of Science in Psychology, both from the University of Calgary, as well as a Bachelor of Laws degree from the University of Alberta. If you want to know exactly who sold, for how much, and when, simply click on the graph below! On April 17, Janet Weiss, Director, bought 350 shares at C$45.58. We continue to see the stock as a go-to name for natural gas exposure through H2/21, according to Jamie Kubik, analyst at CIBC Capital Markets. Story continues below Michael Rose Net Worth Michael Rose biography. American Consumer News, LLC dba MarketBeat 2010-2023. Ms. Beck holds a Bachelor of Arts (Economics) degree from the University of British Columbia and a Bachelor of Laws degree from Dalhousie University. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. Tourmaline has also hiked its regular quarterly dividend by 41 per cent over the last 12 months. CEO is the third-largest shareholder of Canada gas producer, TD gives stock its only hold rating on stretched valuation. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his companys outlook on pricing, revenue and cash flow. }, 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. Mr. McKinnon has served as the Vice President, Operations of Tourmaline Oil Corp. since May 2015. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. That's what I like to see! We currently account for open market transactions and private dispositions, but not derivative transactions. We believe the recent pause in the shares represents an opportunity as we move into the fall of 2021. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. Last year, the company, led by Michael Rose, made four acquisitions valued at a total of $795 million. The information you requested is not available at this time, please check back again soon. Read our dividend analysis for TOU. "d": "NYMEX Natural Gas" And, as a special welcome offer, new subscribers can try out our service risk-free with a free 2-week trial and receive a 10% discount on annual subscriptions. "width": "100%", Second, expect a big oil deficit in H2 2023. Ms. Tait obtained her Chartered Accountant designation in 2003 and her Bachelor of Commerce in 2001 from the University of Calgary.
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mike rose tourmaline net worth