mike rose tourmaline net worth

And, it expects to end the year with a cash positive position. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). }, Please log in to your account or sign up in order to add this asset to your watchlist. Most recently, Kendall Douglas Arthur, Senior Officer, bought 10,000 shares at C$5.50 (US$4.08) on March 7. Beginning in January 2023, Tourmaline will supply 140,000 mmBtu per day (approximately 140 mmcf/d) to the Corpus Christi liquefaction terminal for a 15-year term. In fact, there have been 34 open market buys compared to only 6 sells in that timeframe, according to Nasdaq. It also carries a book value per share of over $40, just shy of its current share price. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Valuation: Like Tourmaline, Baytex shares look like a bargain here. Receive TOU Stock News and Ratings via Email. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. 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. there have been sell-offs in oil & gas stocks in the first place. Bullish insiders bet CA$9.2m on Tourmaline Oil Corp. (TSE:TOU) Tourmaline Oil's stock was trading at C$68.32 at the beginning of the year. Subscribe now to read the latest news in your city and across Canada. Insider buying: Four separate insiders have purchased C$283,312 worth of stock over the past 12 months, according to MarketBeat. This advertisement has not loaded yet, but your article continues below. As a Master Limited Partnership ("MLP"), Energy Transfer also benefits from certain tax advantages. ] Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Michael Rose has been working as a Chairman, President & Chief Executive Officer at Tourmaline for 21 years. Michael Rose Is The Chairman of the Board of Tourmaline Oil Corp. (TSE It owns a diverse portfolio of assets, including pipelines and storage facilities. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. "s": "TVC:UKOIL", The company essentially transports various commodities across the country, namely, crude oil (17% of its adjusted EBITDA), natural gas and refined products (23%), and midstream (nat gas, crude oil, and nat gas liquids (25%). What is Tourmaline Oil's stock price today? Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. Mr. Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. 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. Please try again. 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. 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. Get short term trading ideas from the MarketBeat Idea Engine. 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. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. As such, the business plan remains strong from a strategic and tactical perspective.. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. Should I buy or sell Tourmaline Oil stock right now? My precious: Meet the Canadian natural gas producer that analysts are When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. After Bank Turmoil, Says RBA. Prior thereto, he was the Manager, Corporate Affairs atDuvernay Oil Corp., until its acquisition in 2008 for $5.9 billion. "belowLineFillColorFalling": "rgba(41, 98, 255, 0.12)", View which stocks are hot on social media with MarketBeat's trending stocks report. Vice President, Finance & Chief Financial Officer. contact@marketbeat.com Mr. Robinson holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant. Commodity prices tanking in a worse-than-expected recession, for example, could put pressure on its earnings, and make it harder to service that debt, or at least maintain its distribution payout. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Chris Bolin/The Globe and Mail Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. 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Mike Rose, Tourmaline Oil Corp: Profile and Biography Rose also purchased 5,000 shares at C$62.77 on January 25. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). Export data to Excel for your own analysis. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. A welcome email is on its way. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. We apologize, but this video has failed to load. "d": "Brent Crude (UKOIL)" 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Prior to joining Tourmaline, Mr. Frostad served as Geologist at Duvernay Oil Corp until its acquisition in 2008. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? 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 market average P/E ratio of about 126.86. mike rose tourmaline net worth - casadeglo.globodyinc.com Watch: Tourmaline Oil CEO Michael Rose on building CNG stations with Clean Energy Fuels in Western Canada. The following insiders have purchased ET shares in the last two years, according to MarketBeat (with dollar value): Approximately 3.28% of its stock is owned by insiders. American Consumer News, LLC dba MarketBeat 2010-2023. "s": "OANDA:NATGASUSD", Tourmaline Oil - Wikipedia 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. 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). Tourmaline, Canadas second-largest natural gas producer, has jumped 56% over that period thanks to a combination of rising natural gas prices on tight supplies and a series of dividend hikes and special dividend payouts. Comments may take up to an hour for moderation before appearing on the site. Insiders have purchased 14.86 million shares. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Mr. Kirker holds a Bachelor of Arts degree and a Masters of Science in Psychology, both from the University of Calgary, as well as a Bachelor of Laws degree from the University of Alberta. How were Tourmaline Oil's earnings last quarter? Balance sheet strength: Tourmaline has one of the strongest financial positions of any oil & gas stock I've evaluated. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Prior thereto, he was the Vice President, Land and Contractsof Duvernay Oil Corp. until its acquisition in 2008 for $5.9 billion. Tourmaline, Canadas second-largest natural gas producer, has jumped 56 per cent over that period thanks to a combination of rising natural gas prices on tight supplies and a series of dividend hikes and special dividend payouts. Tourmaline Oil CEO says oil patch acquisition environment still Please. Its current quarterly dividend of $.25 equals a 1.62% current stock yield. "d": "WTI Crude" Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. "height": "500", Only 5.47% of the stock of Tourmaline Oil is held by insiders. This should lead to annual operating cash flow just shy of $4 billion and free cash flow of $2 billion, according to company estimates published at its corporate presentation. 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. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. 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