mike rose tourmaline net worth

Daily puzzles including the New York Times Crossword. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008 for $5.9 billion. Tourmaline Oil has received a consensus rating of Buy. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. The company employs 322 workers across the globe. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. "d": "WTI Crude" What other stocks do shareholders of Tourmaline Oil own? Eine andere -Site. Insiders have been buying shares at three oil & gas companies lately. 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. All Rights Reserved. All rights reserved. Here's why Energy Transfer looks like an attractive investment opportunity. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). Michael Rose is 62, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil since 2008. You probably do not want to miss this free list of growing companies that insiders are buying. 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. Prior to Pembina, Ms. Beck worked in private practice as a securities lawyer at Stikeman Elliott LLP in London, UK and at Blake, Cassels and Graydon LLP in Calgary. Tourmaline is the third oil and gas company Rose has founded and led. which phrase signals a contrast between ideals about marriage 304-539-8172; one level homes in clemmons, nc casadeglo3@gmail.com This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? (844) 978-6257. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. View our TOU earnings forecast. Real-time analyst ratings, insider transactions, earnings data, and more. Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and isa Member of the Canadian Association of Petroleum Landmen. Tourmaline made some exciting announcements last week. "As technology evolves, we're doing things we've never been able to do. Mike Rose, chairman and chief executive officer of Tourmaline Oil Corp., listens during an interview in New York, U.S., on Thursday, March 12, 2015. According to the International Energy Agency's (IEA), Finally, remember that the U.S. has stated it intends to refill the. Most recently, Kendall Douglas Arthur, Senior Officer, bought 10,000 shares at C$5.50 (US$4.08) on March 7. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. We aim to bring you long-term focused analysis driven by fundamental data. "tabs": [ What is the dividend yield for Tourmaline Oil? Read our dividend analysis for TOU. Tourmaline Oil declared a quarterly dividend on Wednesday, March 1st. Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. 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. Should I buy or sell Tourmaline Oil stock right now? 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. When is Tourmaline Oil's next earnings date? China's Services Activity Surges to More Than Two-Year High. It's certainly positive to see the recent insider purchases. Prior thereto, he was the Manager, Corporate Affairs atDuvernay Oil Corp., until its acquisition in 2008 for $5.9 billion. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Mr. Robinson holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant. Mr. Kirker has been the Chief Legal Officer, External Affairs since March 2022. Oil's short-term outlook remains uncertain for these reasons. This advertisement has not loaded yet, but your article continues below. Prior thereto, Mr. Robinson was Vice President, Finance and Chief Financial Officer of Duvernay and prior to that was Vice President, Finance and Chief Financial Officer of Berkley. 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). In many cases, I've found that insiders have (mostly) timed their purchases wisely. 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. }, (Natural) gas demand just keeps building, Rose said. Several members of the leadership team have been with Rose at all three companies. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). Create an account or sign in to continue with your reading experience. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. While he sees less upside for Tourmaline, Bilkoski still has a buy rating on Topaz Energy Corp., an energy royalty and infrastructure spinoff for which all 14 analysts have buy recommendations. "belowLineFillColorGrowing": "rgba(41, 98, 255, 0.12)", Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. { Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Tourmaline Oil. 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). Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, . While he sees less upside for Tourmaline, Bilkoski still has a buy rating on Topaz Energy Corp., an energy royalty and infrastructure spinoff for which all 14 analysts have buy recommendations. Mr. Mike Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. "d": "CDN Light Sweet" { Ms. Beck has been the Corporate Secretary of Tourmaline Oil Corp. since March 2021 and the Associate General Counsel of the Company since 2017. What is Tourmaline Oil's stock price forecast for 2023? contact@marketbeat.com 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. Tourmaline Oil Corp. (TSE:TOU) released its quarterly earnings results on Wednesday, March, 1st. Prior to joining Cinch, Ms. Tait was an audit manager at Ernst & Young Chartered Accountants. Story continues below Mr. Bush holds aBachelors degree in Mining Engineering from Montana College of Mineral Science and Technology, Butte Montana. Is this happening to you frequently? We currently account for open market transactions and private dispositions, but not derivative transactions. 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. It also carries a book value per share of over $40, just shy of its current share price. Mr. Kirker has practiced law for more than 30 years in various capacities. Without further ado, here are three oil & gas stocks that have recently experienced recent insider buying. [Gas in Transition, Volume 2, Issue 5] In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. Michael Rose, CEO of Tourmaline OIl Corp. , which the company says essentially offsets its estimated, Enbridge beats profit estimates as oil volumes rebound, LNG Canada project threatened amid cost dispute over Coastal GasLink pipeline, Cenovus Energy posts 2% rise in quarterly profit, exposure, CIBC Capital Market analysts say, billion of free cash flow in 2022 and US$, are lower commodity prices and rising industry costs, tap here to see other videos from our team. "height": "500", PEG Ratios above 1 indicate that a company could be overvalued. Only 5.47% of the stock of Tourmaline Oil is held by insiders. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. He is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Please be aware of the risks associated with these stocks. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Mr. Bush is the Chief Operating Officer of Tourmaline Oil Corp., a position he has held since April 2014. 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. Mr. Rose was educated at Queens University, graduating with an honours degree in Geology. 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 C$5.9 billion in 2008. } Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. "gridLineColor": "rgba(42, 46, 57, 0)", 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.. My areas of expertise include investing in gold and silver miners, royalty and streaming companies, pure exploration companies, as well as oil and gas producers and MLPs. I am not receiving compensation for it (other than from Seeking Alpha). Please. 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. 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. It also carries a book value per share of $5.56, higher than its current stock price. Prior to joining Tourmaline, Mr. Frostad served as Geologist at Duvernay Oil Corp until its acquisition in 2008. 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. And, it expects to end the year with a cash positive position. ] This payout ratio is at a healthy, sustainable level, below 75%. 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.

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