mike rose tourmaline net worth

In the past three months, Tourmaline Oil insiders have bought more of their company's stock than they have sold. Concerned about the content? Risks to consider: Energy Transfer has stable, consistent cash flow and earnings from its largely fee-based contracts. I am not receiving compensation for it (other than from Seeking Alpha). Oil prices surged to $80/barrel earlier this month following OPEC's unexpected production cuts. Prior thereto, he was the Manager, Corporate Affairs atDuvernay Oil Corp., until its acquisition in 2008 for $5.9 billion. Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). This article by Simply Wall St is general in nature. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. "showFloatingTooltip": true, The combined co. will command a higher market cap ($5 billion), stronger production, more liquidity, and a greater ability to return capital to shareholders. The ex-dividend date of this dividend is Tuesday, March 14th. Mike Rose, chairman and chief executive officer of Tourmaline Oil Corp., listens during an interview in New York, U.S., on Thursday, March 12, 2015. That means they have been optimistic about the company in the past, though they may have changed their mind. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Analysts Disclosure: I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. { CIBC analysts think the primary sector risks are lower commodity prices and rising industry costs. American Consumer News, LLC dba MarketBeat 2010-2023. Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. Tourmaline Oil Corp., Canadas largest natural gas producer, enjoyed a stunning second quarter, with net earnings soaring 1,993 per cent, compared to the same period last year, on a production increase of 47 per cent. Tourmaline Oil does not have a long track record of dividend growth. } "s": "TVC:USOIL+NYMEX:ICL1! Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Overnight on Wall Street is morning in Europe. 7 brokers have issued twelve-month target prices for Tourmaline Oil's shares. The company can be reached via phone at +1-403-7673587. Prior thereto, he wasVice President, Land and Contractsat Berkley Petroleum Corp. until it was acquired in 2001. The oldest executive at Tourmaline Oil Corp. is JohnElick, 77, who is the Independent Director. contact@marketbeat.com 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. According to the International Energy Agency's (IEA), Finally, remember that the U.S. has stated it intends to refill the. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). TSE:TOU opened at C$56.23 on Wednesday. The dividend payout ratio of Tourmaline Oil is 7.63%. "height": "500", I have no business relationship with any company whose stock is mentioned in this article. Insiders have purchased 14.86 million shares. What is Tourmaline Oil's stock price forecast for 2023? Unauthorized distribution, transmission or republication strictly prohibited. In this case we're pleased to report that the insider purchases were made at close to current prices. 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 Stock Would You Invest $5,000 in Right Now? CEO is the third-largest shareholder of Canada gas producer, TD gives stock its only hold rating on stretched valuation. 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. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). VP of Fin., CFO & Non-Independent Director. If you are a Home delivery print subscriber, unlimited online access is. "dateRange": "12M", Only 5.47% of the stock of Tourmaline Oil is held by insiders. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. There are 7 older and 4 younger executives at Tourmaline Oil. Mike Rowe has a net worth of $30 million in 2023. Tourmaline has also hiked its regular quarterly dividend by 41% over the last 12 months. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Tourmaline has also hiked its regular quarterly dividend by 41 per cent over the last 12 months. { To see all exchange delays and terms of use please see Barchart's disclaimer. The company earned $2.18 billion during the quarter. It's certainly positive to see the recent insider purchases. Even after reducing debt by $800 million last year, it has total long-term debt of $48.2 billion. }, Rose also purchased. "As technology evolves, we're doing things we've never been able to do. Odyssey Trust Company1-587-885-0960 (within Canada)1-888-290-1175 (Toll Free). There are 1 executives at Tourmaline Oil getting paid more, . Insider buying: Insiders have been buying shares aggressively over the past year. "showSymbolLogo": true, Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. 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. }, Although it's not the only criteria to consider when evaluating a company, tracking and analyzing insider activity has proven valuable. 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. 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. I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. This idea was discussed in more depth with members of my private investing community, The Gold Bull Portfolio. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. "gridLineColor": "rgba(42, 46, 57, 0)", Tourmaline Location 250-6th Ave SW Ste 2900, Calgary, Alberta, T2P 3H7, Canada Description Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment View TOU analyst ratings or view top-rated stocks. "d": "WCS Heavy" Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. "scaleFontColor": "rgba(120, 123, 134, 1)", Daily puzzles including the New York Times Crossword. We ask you to keep your comments relevant and respectful. The next issue of FP Investor will soon be in your inbox. 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. 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"locale": "en", "plotLineColorFalling": "rgba(41, 98, 255, 1)", And thanks everybody who's on the line. Mr. Kirker has practiced law for more than 30 years in various capacities. Rose also purchased 5,000 shares at C$62.77 on January 25. Mr. Robinson is a director and the Vice President, Finance and Chief Financial Officer of Tourmaline. there have been sell-offs in oil & gas stocks in the first place. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife. "tabs": [ Earlier in the year, they paid CA$18.70 per share in a CA$371k purchase. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. In 2019, Tourmaline spun out its royalty business Topaz Energy Corp., named after another gemstone, which listed on the Toronto Stock Exchange in a $230.5 million offering last year. Tourmaline, named after the semi-precious stone, has also struck a long-term agreement with Cheniere Energy Inc., one of the largest liquefied natural gas producers in the U.S., to supply 140,000 mmbtu per day of natural gas to the companys Corpus Christi liquefaction terminal in Texas for a 15-year term starting 2023.

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