mike rose tourmaline net worth

Tourmaline Oil Trading Up 1.9 %. Market Data powered by QuoteMedia. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. "isTransparent": false, Receive TOU Stock News and Ratings via Email. ], Tourmaline Oil insiders may have bought shares in the last year, but they didn't sell any. We encountered an issue signing you up. ", Dividend: The company paid a $7.90 per share dividend last year, which equals a trailing yield of 17.56% based on its current stock price of $45. "dateRange": "12M", In this case we're pleased to report that the insider purchases were made at close to current prices. { 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.. Mike Rose Thanks Jamie. Its earnings are supported by its "fee-based" contracts it has signed with its clients. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife. Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. "width": "100%", In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. 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. In fact, there have been 34 open market buys compared to only 6 sells in that timeframe, according to Nasdaq. There was an error, please provide a valid email address. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. "s": "OANDA:NATGASUSD", Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). Seven years on, he's at it again.. Mr. Kirker has practiced law for more than 30 years in various capacities. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008. This suggests a possible upside of 38.7% from the stock's current price. The company was incorporated in 2008 and is headquartered in Calgary, Canada. Ms. Beck holds a Bachelor of Arts (Economics) degree from the University of British Columbia and a Bachelor of Laws degree from Dalhousie University. }, 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. Mr. Bush holds aBachelors degree in Mining Engineering from Montana College of Mineral Science and Technology, Butte Montana. Mr. Robinson is a director and the Vice President, Finance and Chief Financial Officer of Tourmaline. Please disable your ad-blocker and refresh. View our TOU earnings forecast. Biography of Michael Rose. While that sounds like a small percentage, Energy Transfer is a $39 billion company, so it represents a huge investment worth more than $1 billion. 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 . there have been sell-offs in oil & gas stocks in the first place. 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. This payout ratio is at a healthy, sustainable level, below 75%. Tourmaline Oil has received a consensus rating of Buy. A few of the highlights, Q2. Michael Rose, CEO of Tourmaline OIl Corp. Photo by Jim Wells/Postmedia. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. Markets never sleep, and neither does Bloomberg News. Markets never sleep, and neither does Bloomberg News. Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. Access to my personal gold portfolio and build your own winning portfolio. Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009. A welcome email is on its way. Tourmaline Oil's mailing address is 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. "s": "TVC:USOIL+NYMEX:WCW1! The special dividends have netted Rose almost $45 million this year. Michael Rose is 62, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil since 2008. The dividend payout ratio of Tourmaline Oil is 7.63%. Insiders have purchased 14.86 million shares. I wrote this article myself, and it expresses my own opinions. The company earned $2.18 billion during the quarter. Mathematician and author Hannah Fry investigates patterns in human behavior, AI and the creative ideas behind the organizations and pioneers transforming society. We believe the recent pause in the shares represents an opportunity as we move into the fall of 2021. It also carries a book value per share of $5.56, higher than its current stock price. Investors who can stomach the short-term volatility and the possibility of lower oil & gas prices this quarter should benefit greatly later on. 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. Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). Tourmaline made some exciting announcements last week. 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. This advertisement has not loaded yet, but your article continues below. { "s": "USOIL", Should You Be Too? "colorTheme": "light", Michael L. Rose founded Tourmaline Oil Corp., Duvernay Oil Corp. and Berkley Petroleum Corp. Mr. Rose holds the position of Chairman, President & Chief Executive Officer of Tourmaline Oil Corp. and Chairman at Topaz Energy Corp. (a subsidiary of Tourmaline Oil Corp.). Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Monitor your investments 24 hours a day, around the clock from around the globe. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. If you don't see it, please check your junk folder. 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. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. Mr. Rose was educated at Queens University, graduating with an honours degree in Geology. 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. Get daily stock ideas from top-performing Wall Street analysts. Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. }. The next issue of FP Investor will soon be in your inbox. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Watch the video above to hear more of Roses conversation with Andrew McCreath. 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. 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. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. Tourmaline Oil has a P/B Ratio of 1.51. Dividend: One potential downside of owning the stock is the fact that it (currently) does not pay a dividend. Tourmaline had net income in the last three months of 2020 of $629 million, more than 10 times the $61.3 million it reported in the same period of 2019. Out of 13 analysts who track the stock, 1 has a strong buy, 11 with a buy and only one hold, according to Yahoo Finance, with an average analyst price target of $42.08 per share. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Monitor your investments 24 hours a day, around the clock from around the globe. 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. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Tourmaline Oil. There are currently 6 buy ratings and 1 strong buy rating for the stock. And, it expects to end the year with a cash positive position. That means they have been optimistic about the company in the past, though they may have changed their mind. //= $_COOKIE['currency'] == 'USD' ? The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $2.90 by $2.99. Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. What is the dividend yield for Tourmaline Oil? "belowLineFillColorFalling": "rgba(41, 98, 255, 0.12)", High institutional ownership can be a signal of strong market trust in this company. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. 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. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and isa Member of the Canadian Association of Petroleum Landmen. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. . 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).