} Real-time analyst ratings, insider transactions, earnings data, and more. There was an error, please provide a valid email address. Michael Rose, president and CEO of Tourmaline Oil, . 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. 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.. 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). Should You Be Too? 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 . Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009. 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. In fact, there have been 34 open market buys compared to only 6 sells in that timeframe, according to Nasdaq. 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. . It also carries a book value per share of $5.56, higher than its current stock price. Insiders have purchased 14.86 million shares. While Baytex appears to be highly leveraged with close to $1 billion in debt, investors should note that $410 million of this debt does not mature until 2027. Energy Transfer is currently paying out $1.23 annualized (back to its payout levels before the pandemic hit), after its recent distribution increase. It also carries a book value per share of over $40, just shy of its current share price. While there are numerous reasons for insiders to sell company shares, there is typically only one reason they buy. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his companys outlook on pricing, revenue and cash flow. ", Monitor your investments 24 hours a day, around the clock from around the globe. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. Balance sheet strength: Tourmaline has one of the strongest financial positions of any oil & gas stock I've evaluated. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Michael Rose Email & Phone Number - Tourmaline | ZoomInfo It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. 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. Mr. Robinson has more than 37 years of experience in the oil and gas industry in the disciplines of finance, financial reporting, budgeting, accounting, management, treasury, tax, and business development. "width": "100%", 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. The information you requested is not available at this time, please check back again soon. }, On April 17, Janet Weiss, Director, bought 350 shares at C$45.58. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Mr. Bush is the Chief Operating Officer of Tourmaline Oil Corp., a position he has held since April 2014. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. Visit our Community Guidelines for more information and details on how to adjust your email settings. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Energy Transfer Partners is one North America's largest midstream energy companies, with approximately 120,000 miles of pipelines and energy infrastructure assets located across 41 states. 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 special dividends have netted Rose almost C$45 million this year. }. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. The next issue of FP Investor will soon be in your inbox. Prior to joining Tourmaline, Ms. Aspin was a member of the Marketing team at Duvernay Oil Corp. from 2004 until its acquisition in 2008. mike rose tourmaline net worth - marconasedkin.de We ask you to keep your comments relevant and respectful. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 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. In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. Here's a summary of insider transactions this year: On April 17, Janet Weiss, Director, bought 350 shares at C$45.58. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). Should I buy or sell Tourmaline Oil stock right now? 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. 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. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. 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. And thanks everybody who's on the line. 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. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. In sweetheart deal, Tourmaline buys natural gas play "belowLineFillColorFalling": "rgba(41, 98, 255, 0.12)", News; Video; Tourmaline Oil's stock was trading at C$68.32 at the beginning of the year. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. 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. 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. 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. And, it expects to end the year with a cash positive position. 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. Eine andere -Site. When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. View which stocks are hot on social media with MarketBeat's trending stocks report. Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. In Conversation: Mike Rose, CEO, Tourmaline Oil [Gas In Transition] "gridLineColor": "rgba(42, 46, 57, 0)", Ms. Aspin holds a Bachelor of Commerce degree from the University of Saskatchewan. 2022 was a great year for Baytex, as it says it generated record free cash flow of $622 million ($1.11 per share) on the back of strong production of 83,519 boe/d. "d": "WTI Crude" 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Read our dividend analysis for TOU. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and isa Member of the Canadian Association of Petroleum Landmen. 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.. Tourmaline Oil - Wikipedia Photo by Gavin Young/Postmedia files. American Consumer News, LLC dba MarketBeat 2010-2023. View analysts price targets for TOU or view top-rated stocks among Wall Street analysts. 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. 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.. Upgrade to MarketBeat All Access to add more stocks to your watchlist. We currently account for open market transactions and private dispositions, but not derivative transactions. Mr. This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. There are 7 older and 4 younger executives at Tourmaline Oil. Support local journalists and the next generation of journalists. Michael Rose is 62, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil since 2008. "d": "Brent Crude (UKOIL)" To see all exchange delays and terms of use please see Barchart's disclaimer. Tourmaline Oil's mailing address is 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. It's common to see an oil company of its size carry billions in debt on the balance sheet in this capital-intensive industry. Tourmaline Oil has a P/B Ratio of 1.51. Markets never sleep, and neither does Bloomberg News. Mathematician and author Hannah Fry investigates patterns in human behavior, AI and the creative ideas behind the organizations and pioneers transforming society. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We start this journey in 1998 with England vs. Argentina, the game that had everything. Daily puzzles including the New York Times Crossword. Tourmaline Oil Corp (TRMLF) CEO Mike Rose on Q2 2020 Results - SeekingAlpha Tourmaline Oil has a PEG Ratio of 1.72. The stock is a high-yielder that should continue to pump out consistent distributions every quarter, and its near-10% yield looks sustainable, despite the company's debt load. China's Services Activity Surges to More Than Two-Year High. Mr. And the longer term insider transactions also give us confidence. What is Tourmaline Oil's stock price today? Investors who can stomach the short-term volatility and the possibility of lower oil & gas prices this quarter should benefit greatly later on. He is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. 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. Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. 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). Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Mike Rose, Tourmaline Oil Corp: Profile and Biography Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). That means that an insider was happy to buy shares at around the current price of CA$22.83. Canadian Natural Gas Has Gone Global: An Interview with Mike Rose from Michael Rose has been working as a Chairman, President & Chief Executive Officer at Tourmaline for 21 years. "isTransparent": false, list of interesting companies, that have HIGH return on equity and low debt. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Most recently, Kelcy Warren, Chairman, bought 1.33 million shares at an average price of $12.99 on Feb. 22, according to MarketBeat. Natural gas stations coming soon to Canada | Financial Post It's certainly positive to see the recent insider purchases. Get in touch with us directly. Please. Valuation: Like Tourmaline, Baytex shares look like a bargain here. 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. Vice President, Finance & Chief Financial Officer. The companys updated fiveyear plan, at current prices, delivers $1.8 billion of free cash flow in 2022 and US$7 billion over the full fiveyear duration of the plan. I am here with Mike Rose, Tourmaline's President and Chief Executive Officer; Brian Robinson, Vice President, Finance and Chief Financial Officer; and Jamie Heard, our Manager of Capital. Last updated: 1 April 2023 at 11:00am EST. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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