2021 average. which phrase signals a contrast between ideals about marriage 304-539-8172; one level homes in clemmons, nc casadeglo3@gmail.com Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). News; Video; In many cases, I've found that insiders have (mostly) timed their purchases wisely. 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. 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. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. There are plenty of other companies that have insiders buying up shares. Tourmaline Oil Corp. (TSE:TOU) released its quarterly earnings results on Wednesday, March, 1st. When is Tourmaline Oil's next earnings date? A few of the highlights, Q2. contact@marketbeat.com Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. What other stocks do shareholders of Tourmaline Oil own? Several members of the leadership team have been with Rose at all three companies. Markets never sleep, and neither does Bloomberg News. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Specifically, they have bought C$588,306.00 in company stock and sold C$0.00 in company stock. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. Insider buying: Four separate insiders have purchased C$283,312 worth of stock over the past 12 months, according to MarketBeat. Tourmaline Oil has a P/B Ratio of 1.51. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Commodity prices tanking in a worse-than-expected recession, for example, could put pressure on its earnings, and make it harder to service that debt, or at least maintain its distribution payout. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. Don't miss this opportunity to take control of your investment strategy and grow your wealth subscribe now! "showFloatingTooltip": true, Acquisition activity is looking prescient, least of which is a +22 per cent increase in the 2022e NYMEX natural gas futures strip since its prior print, though we suspect this will be aided by the application of the Tourmaline execution machine on acquired assets and overall exceptional cost structure synergies, said Robert Fitzmartyn. The dividend payout ratio of Tourmaline Oil is 7.63%. But over a five-year period, the stock has only edged up 0.15 per cent. Mike Rose, Tourmaline's president and CEO, said: "Our long-term supply agreement with Cheniere is the next important step in [the company's] evolving market diversification . Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife. Why Tourmaline Oil Stock Just Fell to 52-week Lows? And the longer term insider transactions also give us confidence. Support local journalists and the next generation of journalists. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Overnight on Wall Street is morning in Europe. ], "symbolActiveColor": "rgba(30, 200, 700, 0.41)", ", There are 7 older and 4 younger executives at Tourmaline Oil. Ms. Tait obtained her Chartered Accountant designation in 2003 and her Bachelor of Commerce in 2001 from the University of Calgary. The company essentially transports various commodities across the country, namely, crude oil (17% of its adjusted EBITDA), natural gas and refined products (23%), and midstream (nat gas, crude oil, and nat gas liquids (25%). 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Baytex's vision is to grow into a top-tier North American oil producer focused on per share value creation, according to the company. Most recently, Kendall Douglas Arthur, Senior Officer, bought 10,000 shares at C$5.50 (US$4.08) on March 7. The company employs 322 workers across the globe. "title": "Commodities", 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). 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. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Tourmaline Oil executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Michael Rose Net Worth Michael Rose biography. 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. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). Prior to joining Tourmaline, Mr. McKinnon held both engineering and operational roles at Shell Canada Ltd. Mr. McKinnon holds a Bachelor of Science in petroleum engineering from Montana Tech at the University of Montana. Eine andere -Site. Company News. There are currently 6 buy ratings and 1 strong buy rating for the stock. Michael Rose, president and CEO of Tourmaline Oil, . Seeking Alpha's Disclosure: Past performance is no guarantee of future results. "s": "TVC:USOIL+NYMEX:WCW1! FourFourTwo Films is celebrating the last 20 years of World Cup history through a game, a player, a moment, a team and a goal all that makes the World Cup great. As the Director of Paramount Resources, the total compensation of Susan Rose at Paramount Resources is CAD$70,000. 911 lone star season 1 episode 1 watch online. "originalTitle": "Commodities" Tourmaline, Canadas second-largest natural gas producer, has jumped 56% over that period thanks to a combination of rising natural gas prices on tight supplies and a series of dividend hikes and special dividend payouts. The official website for the company is www.tourmalineoil.com. It's a proven operator with strong, diversified production in North America, low cash costs, and one of the strongest balance sheets in the oil & gas sector. Michael Rose, CEO of Tourmaline OIl Corp. , which the company says essentially offsets its estimated, Enbridge beats profit estimates as oil volumes rebound, LNG Canada project threatened amid cost dispute over Coastal GasLink pipeline, Cenovus Energy posts 2% rise in quarterly profit, exposure, CIBC Capital Market analysts say, billion of free cash flow in 2022 and US$, are lower commodity prices and rising industry costs, tap here to see other videos from our team. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008. Tourmaline still own just over a 50 per cent stake in Topaz. 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. 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.). Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. Valuation: Energy Transfer looks like a reasonably priced MLP, with a P/E of 9, an EV/EBITDA of 7, and a price-to-sales of .44. A high insider ownership often makes company leadership more mindful of shareholder interests. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (Duvernay), a publicly traded oil and gas company (2004-2008). It owns a diverse portfolio of assets, including pipelines and storage facilities. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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. "d": "WTI Crude" Watch the video above to hear more of Roses conversation with Andrew McCreath. 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. "largeChartUrl": "https://energynow.ca/markets/", And, it expects to end the year with a cash positive position. Biography of Michael Rose. View analysts price targets for TOU or view top-rated stocks among Wall Street analysts. Tourmaline Oil has a PEG Ratio of 1.72. I wrote this article myself, and it expresses my own opinions. 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