mike rose tourmaline net worth

The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. Entering text into the input field will update the search result below. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. list of growing companies that insiders are buying. 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. There are currently 6 buy ratings and 1 strong buy rating for the stock. contact@marketbeat.com The company was incorporated in 2008 and is headquartered in Calgary, Canada. Mr. Rose has more than 38 years of experience in the oil and gas industry and held various exploration and production positions including managing exploration and petroleum engineering research for a large E&P company before founding Berkley Petroleum Corp. ("Berkley") in 1993. Recently, he sat down with Tim Egan, CEO of the Canadian Gas Association, to discuss Tourmaline's past, present and future, Canada's road to net zero, and how to navigate that path. "belowLineFillColorFalling": "rgba(41, 98, 255, 0.12)", View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. "showFloatingTooltip": true, A high insider ownership often makes company leadership more mindful of shareholder interests. The company employs 322 workers across the globe. 'active' : 'js-change-currency' ?> //= plugin_dir_url( __FILE__ ) . Mr. Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. The following June, Tourmaline purchased Mapan Energy for CAN$106 million in stock. Tourmaline is the third oil and gas company Rose has founded and led. TSE:TOU opened at C$56.23 on Wednesday. My comprehensive understanding of these markets and my ability to identify and capitalize on profitable opportunities have enabled me to consistently deliver strong returns for my subscribers. When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. Distribution: One of the key reasons to invest in its stock is for its distribution. View the best growth stocks for 2023 here. With its low-cost structure and diversified marketing exposure, analysts say Tourmaline is well-positioned to generate superior returns. We encountered an issue signing you up. The dividend payout ratio is 7.63%. There are plenty of other companies that have insiders buying up shares. In fact, there have been 34 open market buys compared to only 6 sells in that timeframe, according to Nasdaq. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $2.90 by $2.99. I discuss oil prices and analyze 3 companies with recent insider buying. This idea was discussed in more depth with members of my private investing community, The Gold Bull Portfolio. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Oil's short-term outlook remains uncertain for these reasons. Markets never sleep, and neither does Bloomberg News. Tourmaline Oil insiders may have bought shares in the last year, but they didn't sell any. 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. Mr. Mike Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. Mr. Kirker has practiced law for more than 30 years in various capacities. Create an account or sign in to continue with your reading experience. That gives the company enormous financial flexibility - it can ramp up its shareholder returns via increased dividends and buybacks, or use its firepower to complete accretive deals, should it desire to, for example. "plotLineColorFalling": "rgba(41, 98, 255, 1)", Photo by Gavin Young/Postmedia files. On January 23 and 25, Jill Angevine, Director, bought 1,120 shares at C$62.63 and C$65.94. }, One share of TOU stock can currently be purchased for approximately C$60.87. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Please disable your ad-blocker and refresh. 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. Tourmaline Oil declared a quarterly dividend on Wednesday, March 1st. "d": "WCS Heavy" { However, oil prices have since declined, nearly erasing the gains from OPEC's decision. In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. ", But the company does carry quite a bit of debt. Mathematician and author Hannah Fry investigates patterns in human behavior, AI and the creative ideas behind the organizations and pioneers transforming society. 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. Get in touch with us directly. 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. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. 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. All rights reserved. It's certainly positive to see the recent insider purchases. We currently account for open market transactions and private dispositions, but not derivative transactions. As the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. The special dividends have netted Rose almost C$45 million this year. 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. 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. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. 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. It used its cash flow to focus on reducing its net debt (30% reduction last year, to $987 million) and reward shareholders with an aggressive share buyback (24.3 million shares, of 4.3% of shares outstanding, were repurchased in 2022). "locale": "en", Read our dividend analysis for TOU. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. 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. We start this journey in 1998 with England vs. Argentina, the game that had everything. } The dividend payout ratio of Tourmaline Oil is 7.63%. 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. In many cases, I've found that insiders have (mostly) timed their purchases wisely. { June 14, 2022; utpal parrikar education . Eine andere -Site. CEO is the third-largest shareholder of Canada gas producer, TD gives stock its only hold rating on stretched valuation. "belowLineFillColorGrowing": "rgba(41, 98, 255, 0.12)", Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Market Data powered by QuoteMedia. Mr. Kirker has been the Chief Legal Officer, External Affairs since March 2022. The consensus among Wall Street research analysts is that investors should "buy" TOU shares. Mike Rose Thanks Jamie. We start this journey in 1998 with England vs. Argentina, the game that had everything. The official website for the company is www.tourmalineoil.com. Ms. Tait has been the Controller of Tourmaline Oil Corp. since September 2015 and was the Manager of Finance prior thereto. 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. Subscribe now to read the latest news in your city and across Canada. What is Tourmaline Oil's stock price today? Tourmaline Oil Corp. has a . And the longer term insider transactions also give us confidence. Markets never sleep, and neither does Bloomberg News. 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. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. "s": "USOIL", We apologize, but this video has failed to load. "dateRange": "12M", Most recently, Kelcy Warren, Chairman, bought 1.33 million shares at an average price of $12.99 on Feb. 22, according to MarketBeat. I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. On April 17, Janet Weiss, Director, bought 350 shares at C$45.58. Tourmaline is Canada's largest natural gas producer and its fourth-largest gas processing midstream operator.

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