Our daily ratings and market update email newsletter. Odyssey Trust Company1-587-885-0960 (within Canada)1-888-290-1175 (Toll Free). We ask you to keep your comments relevant and respectful. High institutional ownership can be a signal of strong market trust in this company. 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. "belowLineFillColorGrowingBottom": "rgba(41, 98, 255, 0)", Identify stocks that meet your criteria using seven unique stock screeners. Export data to Excel for your own analysis. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his companys outlook on pricing, revenue and cash flow. Wallmine is a radically better financial terminal. The next issue of FP Investor will soon be in your inbox. Tourmaline Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TOU.". You have already added five stocks to your watchlist. 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. Its current quarterly dividend of $.25 equals a 1.62% current stock yield. Rose also purchased. "d": "NYMEX Natural Gas" Biography of Michael Rose. According to analysts' consensus price target of C$84.44, Tourmaline Oil has a forecasted upside of 38.7% from its current price of C$60.87. Prior to March 2013, he served as Completions and Operations Engineering Manager of Tourmaline since 2009. In Conversation: Mike Rose, CEO, Tourmaline Oil [Gas In Transition] "colorTheme": "light", I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. In Conversation: Mike Rose, CEO, Tourmaline Oil [Gas In Transition] Prior to joining Cinch, Ms. Tait was an audit manager at Ernst & Young Chartered Accountants. that you ought to be aware of before buying any shares in Tourmaline Oil. "originalTitle": "Commodities" The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. "largeChartUrl": "https://energynow.ca/markets/", Our Posthaste newsletter has all the breaking business news and market signals you need, Our Posthaste newsletter has all the breaking business news you need, My precious: Meet the Canadian natural gas producer that analysts are calling the 'best-in-breed', '50% correction': Why Canada's office real estate sector is heading for a reckoning, How the CRA strike will affect your tax returns, refunds, benefits and more, Quebec faces big electricity shortfall after wooing U.S. to buy cheap hydro power, Why is remote work a major sticking point in PSAC negotiations? 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 hisdeath in 2018. Energy Transfer is definitely a lower-risk bet in the oil & gas sector due to these fee-based contracts, as its earnings are not as affected by commodity price fluctuations. 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. 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. }, Mr. Rose said an $8-million investment in the project has already saved Tourmaline more than $25-million in fuel costs. 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. This advertisement has not loaded yet, but your article continues below. What is Tourmaline Oil's stock price today? Access to my personal gold portfolio and build your own winning portfolio. Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. 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. Receive TOU Stock News and Ratings via Email. President, Chief Executive Officer a Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. CIBC Capital Market has a $47.50 price target for the stock with an outperform rating. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. It said the increase in net earnings. [Gas in Transition, Volume 2, Issue 5] Read our dividend analysis for TOU. Officers | Tourmaline Oil Currently, 5.47% of its stock (18.5 million shares) is owned by insiders, which is the largest insider ownership among senior E&P peers, according to the company. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either. Tourmaline is the third oil and gas company Rose has founded and led. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. Access articles from across Canada with one account. Valuation: Like Tourmaline, Baytex shares look like a bargain here. It owns a diverse portfolio of assets, including pipelines and storage facilities. The official website for the company is www.tourmalineoil.com. 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 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. Analysts Disclosure: I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Please be aware of the risks associated with these stocks. News; Video; There are plenty of other companies that have insiders buying up shares. 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. Last year, the company, led by Michael Rose, made four acquisitions valued at a total of $795 million. Mr. Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Markets never sleep, and neither does Bloomberg News. Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). The special dividends have netted Rose almost $45 million this year. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008. In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. 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. Ms. Tait obtained her Chartered Accountant designation in 2003 and her Bachelor of Commerce in 2001 from the University of Calgary. But Tourmaline ended 2022 with just $494 million in debt. Even after reducing debt by $800 million last year, it has total long-term debt of $48.2 billion. Monitor your investments 24 hours a day, around the clock from around the globe. He is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Watch the video above to hear more of Roses conversation with Andrew McCreath. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. 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Ms. Tait has been the Controller of Tourmaline Oil Corp. since September 2015 and was the Manager of Finance prior thereto. In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. Mr. Kirker has practiced law for more than 30 years in various capacities. articles a month for anyone to read, even non-subscribers! "width": "100%", Prior thereto, he was the Secretary and General Counsel of Tourmaline Oil Corp. since 2008. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Read our dividend analysis for TOU. According to reliable sources, he means about $5 million to $10 million per year from his endorsements and television endeavors. Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.00 per share and currently has a dividend yield of 1.64%. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. According to the International Energy Agency's (IEA), Finally, remember that the U.S. has stated it intends to refill the. Why Tourmaline Oil Stock Just Fell to 52-week Lows? ", The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. In-depth profiles and analysis for 20,000 public companies. "plotLineColorFalling": "rgba(41, 98, 255, 1)", US Property Taxes Rose Twice as Fast Last Year Than in 2021. . Tourmaline Oil Corp (TRMLF) CEO Michael Rose on Q1 2020 Results But over a five-year period, the stock has only edged up 0.15 per cent. Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009. Tourmaline Oil pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends. Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion Story continues below And thanks everybody who's on the line. I have no business relationship with any company whose stock is mentioned in this article. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. "dateRange": "12M", 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. The company was incorporated in 2008 and is headquartered in Calgary, Canada. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. 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.. }, 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. mike rose tourmaline net worth - goldstockcanada.com
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