}, 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. There are plenty of other companies that have insiders buying up shares. Corporate Secretary and Associate General Counsel. "showFloatingTooltip": true, The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $2.90 by $2.99. A few of the highlights, Q2. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. The special dividends have netted Rose almost $45 million this year. 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Read our dividend analysis for TOU. { Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009. 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. Most recently, Kendall Douglas Arthur, Senior Officer, bought 10,000 shares at C$5.50 (US$4.08) on March 7. 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. Specifically, they have bought C$588,306.00 in company stock and sold C$0.00 in company stock. 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. He also pointed a steady drumbeat of demand for natural gas is growing across North America and around the world at the same time, which is giving his company a boost. As such, the business plan remains strong from a strategic and tactical perspective.. Tourmaline Location 250-6th Ave SW Ste 2900, Calgary, Alberta, T2P 3H7, Canada Description Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment list of interesting companies, that have HIGH return on equity and low debt. 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. 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. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. Second, expect a big oil deficit in H2 2023. I have no business relationship with any company whose stock is mentioned in this article. "isTransparent": false, Mr. Mike Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Tourmaline is Canada's largest natural gas producer and its fourth-largest gas processing midstream operator. 911 lone star season 1 episode 1 watch online. We start this journey in 1998 with England vs. Argentina, the game that had everything. "width": "100%", Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). 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. Receive TOU Stock News and Ratings via Email. Unlimited online access to articles from across Canada with one account. Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. The dividend payout ratio of Tourmaline Oil is 7.63%. Michael Rose Net Worth Michael Rose biography. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. I believe this is a bullish sign for each stock price, for obvious reasons. Get in touch with us directly. Ms. Beck has been the Corporate Secretary of Tourmaline Oil Corp. since March 2021 and the Associate General Counsel of the Company since 2017. Is this happening to you frequently? Tourmaline Oil Corp. has a . Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Tourmaline Oil Corp. (TSE:TOU) released its quarterly earnings results on Wednesday, March, 1st. Tourmaline has also hiked its regular quarterly dividend by 41 per cent over the last 12 months. The information you requested is not available at this time, please check back again soon. list of growing companies that insiders are buying. TSE:TOU opened at C$56.23 on Wednesday. Access to my personal gold portfolio and build your own winning portfolio. Here's why Energy Transfer looks like an attractive investment opportunity. One share of TOU stock can currently be purchased for approximately C$60.87. Mike Rowe has a net worth of $30 million in 2023. It's common to see an oil company of its size carry billions in debt on the balance sheet in this capital-intensive industry. To help with this, we've discovered 5 warning signs (1 doesn't sit too well with us!) Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, First Republic up in air as regulators juggle bank's fate, Stock market today: Tokyo gains, most Asian markets closed, Regulators seize First Republic Bank, sell to JPMorgan Chase, 'Super Mario Bros. Movie' hits $1B, is No. "s": "TVC:USOIL+NYMEX:ICL1! This suggests a possible upside of 38.7% from the stock's current price. Michael Rose is 62, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil since 2008. 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. }, 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. Insider buying: Four separate insiders have purchased C$283,312 worth of stock over the past 12 months, according to MarketBeat. When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. Watch the video above to hear more of Roses conversation with Andrew McCreath. 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. "d": "Brent Crude (UKOIL)" That's what I like to see! First Republic Talks Extend Into Night After Banks Place Bids, Warren Buffett Will Beat the Market in Recession Times, Investors Say, Jerome Powell Could Face More Opposition as Fed Choices Get Tougher, Munger Warns Banks Stuck with Commercial Property Debt, FT Says, Your Sunday US Briefing: Pressure Mounts on First Republic. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. "showSymbolLogo": true, . 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. Should I buy or sell Tourmaline Oil stock right now? There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. You probably do not want to miss this free list of growing companies that insiders are buying. Prior thereto, he was the Secretary and General Counsel of Tourmaline Oil Corp. since 2008. Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. Several members of the leadership team have been with Rose at all three companies. But the latter half of 2023 seems more promising for a rally in oil & gas prices due to supply concerns, and in the stocks I mention below. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 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 Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Market Data powered by QuoteMedia. Mr. Tumbach has been the Vice President, Land and Contracts of Tourmaline Oil Corp. since 2008. Insiders have purchased 14.86 million shares. I have no business relationship with any company whose stock is mentioned in this article. Since then, TOU shares have decreased by 10.9% and is now trading at C$60.87. Looking for buying opportunities? Michael Rose, president and CEO of Tourmaline Oil, . Ms. Beck holds a Bachelor of Arts (Economics) degree from the University of British Columbia and a Bachelor of Laws degree from Dalhousie University. [Gas in Transition, Volume 2, Issue 5] 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife. there have been sell-offs in oil & gas stocks in the first place. 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. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. 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. Chris Bolin/The Globe and Mail Tourmaline Oil has a P/B Ratio of 1.51. It said the increase in net earnings. Mr. Kirker has been the Chief Legal Officer, External Affairs since March 2022. { First, they announced a partnership on a compressed natural gas (CNG) fueling station network across Western Canada to enable heavy-haul trucks to get off diesel. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Please be aware of the risks associated with these stocks. Eine andere -Site. Michael Rose, CEO of Tourmaline OIl Corp. Photo by Jim Wells/Postmedia. Join thousands of other investors who make better investing decisions with our premium tools. Mathematician and author Hannah Fry investigates patterns in human behavior, AI and the creative ideas behind the organizations and pioneers transforming society. Michael Rose has been working as a Chairman, President & Chief Executive Officer at Tourmaline for 21 years. Biography of Michael Rose. Why Tourmaline Oil Stock Just Fell to 52-week Lows? View our TOU earnings forecast. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. "gridLineColor": "rgba(42, 46, 57, 0)", 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Create an account or sign in to continue with your reading experience. 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. Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. "s": "OANDA:NATGASUSD", 2021 average. "belowLineFillColorGrowing": "rgba(41, 98, 255, 0.12)", We currently account for open market transactions and private dispositions, but not derivative transactions. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. CEO is the third-largest shareholder of Canada gas producer, TD gives stock its only hold rating on stretched valuation. With over a decade of experience in the investment industry, I am a highly skilled private investor with a proven track record of success in the commodities and hard assets sector. This advertisement has not loaded yet, but your article continues below. Tourmaline Oil insiders may have bought shares in the last year, but they didn't sell any. 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.