Officers | Tourmaline Oil "showFloatingTooltip": true, EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. "scaleFontColor": "rgba(120, 123, 134, 1)", ], For example, the company is not taxed at the corporate level as it's considered a pass-through entity, and unitholders report their share of the company's income and expenses on their personal tax returns (using form K1's). Its shares carry a P/E of 3.49 (below the sector median of 7.59), and an EV/EBITDA of 2.76 (vs. 5.53 sector median), according to data from Seeking Alpha. This article by Simply Wall St is general in nature. What you need to know, David Rosenberg: Which assets have priced in a recession and which ones haven't. I am not receiving compensation for it (other than from Seeking Alpha). 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. The dividend payout ratio is 7.63%. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. Note: The lower trading volume on the U.S. OTC exchange, and the potential for high trading fees on brokerage accounts, is a risk for U.S. investors to consider. 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. ", 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). 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? The company was incorporated in 2008 and is headquartered in Calgary, Canada. Mr. Kirker has been the Chief Legal Officer, External Affairs since March 2022. Mike Rose, Tourmaline Oil Corp: Profile and Biography There are plenty of other companies that have insiders buying up shares. which phrase signals a contrast between ideals about marriage 304-539-8172; one level homes in clemmons, nc casadeglo3@gmail.com Michael Rose Net Worth Michael Rose biography. Distribution: One of the key reasons to invest in its stock is for its distribution. Our daily ratings and market update email newsletter. You have already added five stocks to your watchlist. 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. The information you requested is not available at this time, please check back again soon. We believe the recent pause in the shares represents an opportunity as we move into the fall of 2021. contact@marketbeat.com Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. High institutional ownership can be a signal of strong market trust in this company. It said the increase in net earnings. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. 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. What other stocks do shareholders of Tourmaline Oil own? Subscribe now to read the latest news in your city and across Canada. I wrote this article myself, and it expresses my own opinions. Tourmaline Oil Corp. (TRMLF) CEO Michael Rose on Q4 2021 Results This idea was discussed in more depth with members of my private investing community, The Gold Bull Portfolio. Michael Rose is 62, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil since 2008. Tourmaline Enters Long-Term LNG Export Marketing Arrangement With { Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Prior thereto, he wasVice President, Land and Contractsat Berkley Petroleum Corp. until it was acquired in 2001. . Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). Biography of Michael Rose. I have no business relationship with any company whose stock is mentioned in this article. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. The special dividends have netted Rose almost $45 million this year. Last year, the company, led by Michael Rose, made four acquisitions valued at a total of $795 million. The companys updated fiveyear plan, at current prices, delivers $1.8 billion of free cash flow in 2022 and US$7 billion over the full fiveyear duration of the plan. [Gas in Transition, Volume 2, Issue 5] Read more about cookies here. Please. Mr. Tourmaline Oil pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends. "d": "CDN Light Sweet" Is the stock too good to be true? Tourmaline Oil declared a quarterly dividend on Wednesday, March 1st. Mike Rowe has a net worth of $30 million in 2023. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. 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. 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. Insider buying: Insiders have been buying shares aggressively over the past year. Tourmaline Oil Corp. has a . Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). Tourmaline Oil - Wikipedia Prior to joining Tourmaline, Mr. McKinnon held both engineering and operational roles at Shell Canada Ltd. Mr. McKinnon holds a Bachelor of Science in petroleum engineering from Montana Tech at the University of Montana. "symbolActiveColor": "rgba(30, 200, 700, 0.41)", The dividend payout ratio of Tourmaline Oil is 7.63%. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. If you have an ad-blocker enabled you may be blocked from proceeding. Overnight on Wall Street is morning in Europe. Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. Tourmaline Oil's stock was trading at C$68.32 at the beginning of the year. "dateRange": "12M", list of growing companies that insiders are buying. Tourmaline Oil is Canada's largest natural gas producer, and a leader in employing technology and innovation to produce ever cleaner natural gas. Prior thereto, he served as Vice President, Production of Tourmaline since March 2013. Prior to joining Cinch, Ms. Tait was an audit manager at Ernst & Young Chartered Accountants. Tourmaline Oil insiders may have bought shares in the last year, but they didn't sell any. { Alternatively, email editorial-team (at) simplywallst.com. 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 thereto, he was the Vice President, Land and Contractsof Duvernay Oil Corp. until its acquisition in 2008 for $5.9 billion. If you don't see it, please check your junk folder. 7 brokers have issued twelve-month target prices for Tourmaline Oil's shares. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. "s": "USOIL", Dividend: One potential downside of owning the stock is the fact that it (currently) does not pay a dividend. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his company's outlook on pricing, revenue and cash flow. When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion We encountered an issue signing you up. As the Director of Paramount Resources, the total compensation of Susan Rose at Paramount Resources is CAD$70,000. "belowLineFillColorGrowing": "rgba(41, 98, 255, 0.12)", 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. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. The company was incorporated in 2008 and is headquartered in Calgary, Canada. As a Master Limited Partnership ("MLP"), Energy Transfer also benefits from certain tax advantages. The consensus among Wall Street research analysts is that investors should "buy" TOU shares. Dennis da Silva's Top Picks: April 26, 2023, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, U.S. natural gas slumps as LNG plant shutdown strands supplies, U.S. natural gas prices slump after fire at Texas LNG terminal, Gas exporters see growing support for East Coast plant in Canada. Valuation: Like Tourmaline, Baytex shares look like a bargain here. 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. 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. Insiders have been buying shares at three oil & gas companies lately. 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. Risks to consider: Energy Transfer has stable, consistent cash flow and earnings from its largely fee-based contracts. While there are numerous reasons for insiders to sell company shares, there is typically only one reason they buy.