Rose owns a 0.4% stake in Topaz, worth about C$12 million. Here's why: While there are numerous reasons for insiders to sell company shares, there is typically only one reason they buy, and it's a simple one: they believe their company's stock is undervalued, and will rise over time. Last year, the company, led by Michael Rose, made four acquisitions valued at a total of $795 million. "s": "OANDA:NATGASUSD", "belowLineFillColorFalling": "rgba(41, 98, 255, 0.12)", 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 thereto, he was the Secretary and General Counsel of Tourmaline Oil Corp. since 2008. Company News. "originalTitle": "Commodities" There was an error, please provide a valid email address. 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. In-depth profiles and analysis for 20,000 public companies. A high insider ownership often makes company leadership more mindful of shareholder interests. Their TOU share price forecasts range from C$70.00 to C$112.00. The company-specific risks to achieving its price target include infrastructure constraints that may limit Tourmalines ability to tie-in new production and changes to production deliverability assumptions (i.e., initial production rates and production declines) on Tourmalines undeveloped assets.. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. Get in touch with us directly. Last updated: 1 April 2023 at 11:00am EST. At the 2022 Canada Energy Assembly and Dinner, Mike Rose, President and CEO of Tourmaline Oil Corp, was presented with the Lifetime Achievement Award, sponso. I am not receiving compensation for it (other than from Seeking Alpha).
Natural gas stations coming soon to Canada | Financial Post Tourmaline surge propels Mike Rose's stake past $1B Without further ado, here are three oil & gas stocks that have recently experienced recent insider buying. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canada's billionaires.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 from C$662 million since the beginning of this year. News; Video; Under recent strip pricing, we see the stock continuing to screen attractive relative to its peers..
The bottom line: Investors who can stomach the short-term volatility and the possibility of lower oil & gas prices this quarter may be rewarded handsomely in H2 2023 and beyond.
Tourmaline CEO Mike Rose is building an oil company for a post-oil era Mr. Robinson is a director and the Vice President, Finance and Chief Financial Officer of Tourmaline. 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. 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. Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. Please. 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. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. This article by Simply Wall St is general in nature.
Officers | Tourmaline Oil "largeChartUrl": "https://energynow.ca/markets/", Vice President, Finance & Chief Financial Officer. Even after reducing debt by $800 million last year, it has total long-term debt of $48.2 billion. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. There are 7 older and 4 younger executives at Tourmaline Oil. Visit our Community Guidelines for more information and details on how to adjust your email settings. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. 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. Get email updates from your favourite authors. All rights reserved.
mike rose tourmaline net worth - marconasedkin.de Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Acquires 5,000 Mr. Robinson holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant. It owns a diverse portfolio of assets, including pipelines and storage facilities. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (Duvernay), a publicly traded oil and gas company (2004-2008). 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. "locale": "en", Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). CIBC analysts think the primary sector risks are lower commodity prices and rising industry costs.
Tourmaline Oil plans spinoff to help monetize assets - BNN Identify stocks that meet your criteria using seven unique stock screeners. }, Based on aggregate information from My MarketBeat watchlists, some companies that other Tourmaline Oil investors own include Intact Financial (IFC), Constellation Software (CSU), Peyto Exploration & Development (PEY), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Vermilion Energy (VET), Toronto-Dominion Bank (TD), AbbVie (ABBV), Agnico Eagle Mines (AEM) and Enbridge (ENB). 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. He is also Member of Canadian Society of Petroleum . ] "showSymbolLogo": true, 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.. What other stocks do shareholders of Tourmaline Oil own? View the best growth stocks for 2023 here.
mike rose tourmaline net worth - casadeglo.globodyinc.com { So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. We start this journey in 1998 with England vs. Argentina, the game that had everything. Second, expect a big oil deficit in H2 2023. The company employs 322 workers across the globe. Canada's best source for investing news, analysis, and insight on investment strategies, stocks and more. Rose owns a 0.4 per cent stake in Topaz, worth about $12 million. The oldest executive at Tourmaline Oil Corp. is JohnElick, 77, who is the Independent Director. A few of the highlights, Q2. 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. "width": "100%", Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, . Markets never sleep, and neither does Bloomberg News. 2021 average. Tourmaline gained the mineral rights by giving Perpetual Energy about 6.75 million share of Tourmaline stock, worth approximately CAN$256.5 million. Insider buying: Insiders have been buying shares aggressively over the past year. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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? Distribution: One of the key reasons to invest in its stock is for its distribution. Story continues below [Gas in Transition, Volume 2, Issue 5]
Risks to consider: Energy Transfer has stable, consistent cash flow and earnings from its largely fee-based contracts.
Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. Tourmaline Oil does not have a long track record of dividend growth. Biography of Michael Rose. Tourmaline Oil is Canada's largest natural gas producer, and a leader in employing technology and innovation to produce ever cleaner natural gas. What is Tourmaline Oil's stock price forecast for 2023?
Michael Rose Net Worth (2023) | wallmine Tourmaline Oil pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.
In sweetheart deal, Tourmaline buys natural gas play 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. Our daily ratings and market update email newsletter. He is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. }, Oil's short-term outlook remains uncertain for these reasons. Tourmaline Oil Trading Up 1.9 %. Bottom line: Tourmaline is one of the lowest-risk energy stocks I've analyzed. In this case we're pleased to report that the insider purchases were made at close to current prices. 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. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. there have been sell-offs in oil & gas stocks in the first place. The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. And recently, Baytex announced $800 million in unsecured notes, not due until 2030, to fund its merger with Ranger Oil (expected to close in Q2). CIBC Capital Market has a $47.50 price target for the stock with an outperform rating. The company was incorporated in 2008 and is headquartered in Calgary, Canada. Many might not know this, but this man is also a professional voice-over artist. You probably do not want to miss this free list of growing companies that insiders are buying. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. Monitor your investments 24 hours a day, around the clock from around the globe. "d": "WTI Crude" 57.64% of the stock of Tourmaline Oil is held by institutions. 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. Prior to March 2013, he served as Completions and Operations Engineering Manager of Tourmaline since 2009. To help with this, we've discovered 5 warning signs (1 doesn't sit too well with us!) Michael Rose Net Worth Michael Rose biography. "As technology evolves, we're doing things we've never been able to do. CEO is the third-largest shareholder of Canada gas producer, TD gives stock its only hold rating on stretched valuation. There are 14 executives at Paramount Resources getting paid more, with James Riddell having the highest compensation of $1,815,460. The next issue of FP Investor will soon be in your inbox. Receive TOU Stock News and Ratings via Email. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. Several members of the leadership team have been with Rose at all three companies. If you are a Home delivery print subscriber, unlimited online access is. Help us to improve EnergyNow, Give us your feedback, These translations are done via Google Translate, Crude Prices Up Over 2% on Rising U.S. Oil Demand and Lower Output, Canadian Conservatives Want Glencore Takeover of Teck Blocked, Big Power Shortfall Looms After Quebec Wooed US With Cheap Hydro, US Oil and Gas rig Count Steadies in April, Vancouver Conference to Showcase Rising Tide of Indigenous Leadership in Canadas Economy, Big Change Coming For the Lithium Industry ENERGYminute, TC Energy declares force majeure on Columbia Gulf natgas station after fire, Ottawa Welcomes Foreign Oil, Roadblocks Canadian Oil Colin Craig: SecondStreet.org, Improved Transportation Corridors Could Help Boost Canadas Energy Exports, EPA allows gasoline with higher ethanol blend during summer, FOCUS ON SAFETY FREE WEBINAR: How to Reduce Hand Injuries in Oil & Gas Coming May 17 Details & Registration Here, Imperial announces first quarter 2023 financial and operating results, Imperial Oil reports Q1 profit up from year ago, raises quarterly dividend, Canada still needs the Trans Mountain Expansion. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. That's what I like to see! "gridLineColor": "rgba(42, 46, 57, 0)", 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 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. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. "symbols": [ Ms. Aspin holds a Bachelor of Commerce degree from the University of Saskatchewan. It said the increase in net earnings. Photo by Gavin Young/Postmedia files. View TOU analyst ratings or view top-rated stocks.
The special dividends have netted Rose almost C$45 million this year. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). View analysts price targets for TOU or view top-rated stocks among Wall Street analysts. Balance sheet strength: Tourmaline has one of the strongest financial positions of any oil & gas stock I've evaluated. "scaleFontColor": "rgba(120, 123, 134, 1)", Ms. Tait obtained her Chartered Accountant designation in 2003 and her Bachelor of Commerce in 2001 from the University of Calgary.
Tourmaline Oil Corp (TRMLF) CEO Mike Rose on Q2 2020 Results - SeekingAlpha Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). Simply Wall St has no position in any stocks mentioned.Have feedback on this article? And the longer term insider transactions also give us confidence.
In Conversation: Mike Rose, CEO, Tourmaline Oil [Gas In Transition] }, 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. 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.
Tourmaline continues buying spree in Montney with $750-million deal for 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. This suggests a possible upside of 38.7% from the stock's current price. 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 currently 6 buy ratings and 1 strong buy rating for the stock. "showChart": true, "tabs": [ We believe the recent pause in the shares represents an opportunity as we move into the fall of 2021. Comments may take up to an hour for moderation before appearing on the site.
Michael Rose Is The Chairman of the Board of Tourmaline Oil Corp. (TSE The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. { Mr. Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. 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.
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