mike rose tourmaline net worth

With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? "d": "Brent Crude (UKOIL)" 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. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (Duvernay), a publicly traded oil and gas company (2004-2008). Insider buying: Insiders have been buying shares aggressively over the past year. The companys earnings in the first quarter were lifted on non-cash gains of $321 million, topping analyst expectations, and modestly raised its capex to $1.27 billion this year. Prior thereto, he was the Vice President, Land and Contractsof Duvernay Oil Corp. until its acquisition in 2008 for $5.9 billion. Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife. 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? 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. What other stocks do shareholders of Tourmaline Oil own? } Only 5.47% of the stock of Tourmaline Oil is held by insiders. There are 14 executives at Paramount Resources getting paid more, with James Riddell having the highest compensation of $1,815,460. "showChart": true, 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. (Natural) gas demand just keeps building, Rose said. View our TOU earnings forecast. Read our dividend analysis for TOU. "belowLineFillColorGrowing": "rgba(41, 98, 255, 0.12)", 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. It also carries a book value per share of $5.56, higher than its current stock price. China's Services Activity Surges to More Than Two-Year High. articles a month for anyone to read, even non-subscribers! Tourmaline continues buying spree in Montney with $750-million deal for The information you requested is not available at this time, please check back again soon. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. 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. While there are numerous reasons for insiders to sell company shares, there is typically only one reason they buy. When is Tourmaline Oil's next earnings date? 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. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. After Bank Turmoil, Says RBA. In Conversation: Mike Rose, CEO, Tourmaline Oil [Gas In Transition] Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Without further ado, here are three oil & gas stocks that have recently experienced recent insider buying. Mike Rose, Tourmaline Oil Corp | Speaker | Energy Council Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion Access articles from across Canada with one account. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. The ex-dividend date of this dividend is Tuesday, March 14th. There are plenty of other companies that have insiders buying up shares. I have no business relationship with any company whose stock is mentioned in this article. Tourmaline Oil insiders may have bought shares in the last year, but they didn't sell any. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. Mr. Rose said an $8-million investment in the project has already saved Tourmaline more than $25-million in fuel costs. { 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.. 911 lone star season 1 episode 1 watch online. Should I buy or sell Tourmaline Oil stock right now? Tourmaline Oil has only been the subject of 2 research reports in the past 90 days. So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. Mr. "belowLineFillColorFallingBottom": "rgba(41, 98, 255, 0)", The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. 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.). Rose owns a 0.4 per cent stake in Topaz, worth about $12 million. Tourmaline has also hiked its regular quarterly dividend by 41% over the last 12 months. This article by Simply Wall St is general in nature. PEG Ratios above 1 indicate that a company could be overvalued. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? With its low-cost structure and diversified marketing exposure, analysts say Tourmaline is well-positioned to generate superior returns. Tourmaline has also hiked its regular quarterly dividend by 41 per cent over the last 12 months. "largeChartUrl": "https://energynow.ca/markets/", Mr. Bush holds aBachelors degree in Mining Engineering from Montana College of Mineral Science and Technology, Butte Montana. "locale": "en", "showFloatingTooltip": true, I believe this is a bullish sign for each stock price, for obvious reasons. Tourmaline Oil declared a quarterly dividend on Wednesday, March 1st. 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. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. Valuation: Like Tourmaline, Baytex shares look like a bargain here. While he sees less upside for Tourmaline, Bilkoski still has a buy rating on Topaz Energy Corp., an energy royalty and infrastructure spinoff for which all 14 analysts have buy recommendations. Why Tourmaline Oil Stock Just Fell to 52-week Lows? 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). Markets never sleep, and neither does Bloomberg News. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his companys outlook on pricing, revenue and cash flow. Here's a summary of insider transactions this year: On April 17, Janet Weiss, Director, bought 350 shares at C$45.58. Get daily stock ideas from top-performing Wall Street analysts. Rose also purchased. The company was incorporated in 2008 and is headquartered in Calgary, Canada. That means. Tourmaline Oil Trading Up 1.9 %. Receive TOU Stock News and Ratings via Email. Canada Energy Assembly and Dinner 2022 Lifetime Achievement Award: Mike Join thousands of other investors who make better investing decisions with our premium tools. "As technology evolves, we're doing things we've never been able to do. there have been sell-offs in oil & gas stocks in the first place. 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. You probably do not want to miss this free list of growing companies that insiders are buying. As of 2023, Mike Rowe net worth is calculated to be around $30 million. Tourmaline Oil Corp., Canada's 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. "d": "WTI Crude" "symbols": [ Mr. Frostad holds a Master of Science (Geology) and Bachelor of Science (Geology) from the University of Calgary. "isTransparent": false, Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Here's why Energy Transfer looks like an attractive investment opportunity. First, investors should note that the OPEC cuts have not yet taken effect (they begin in May). Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. What is Tourmaline Oil's stock price today? Heres why, Red Alert Ahead: Report Warns More World Oil and Gas Investment Desperately Needed, Capstone Infrastructure Corporations Wild Rose 2 Wind Farm Signs Landmark Agreement with the City of Edmonton, Capping Russian Oil Prices Is Pure Fantasy, Williston Basin Petroleum Conference 2023, Canada Gas & LNG Exhibition and Conference 2023, The Indigenous Partnerships Success Showcase 2023, Operational Excellence in Energy, Chemicals & Resources (OPEX 2023), 2023 NCC Energy and Natural Resource Summit, 9th Annual Digitalization in Oil and Gas Conference (Digitalization 2023). Get short term trading ideas from the MarketBeat Idea Engine. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. [Gas in Transition, Volume 2, Issue 5] This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. View the best growth stocks for 2023 here. Wallmine is a radically better financial terminal. Tourmaline still own just over a 50 per cent stake in Topaz. Michael Rose Net Worth (2023) | wallmine Officers | Tourmaline Oil Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. Analysts Disclosure: I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Mike Rowe has a net worth of $30 million in 2023. Here's why: While there are numerous reasons for insiders to sell company shares, there is typically only one reason they buy, and it's a simple one: they believe their company's stock is undervalued, and will rise over time. 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. 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. "s": "TVC:USOIL+NYMEX:ICL1! Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, . In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). Analysts are almost universally bullish on Tourmaline, with 12 buy recommendations and just one hold, from TD Securities analyst Aaron Bilkoski, according to data compiled by Bloomberg. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. 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. Oil prices surged to $80/barrel earlier this month following OPEC's unexpected production cuts. My precious: Meet the Canadian natural gas producer that analysts are And recently, Baytex announced $800 million in unsecured notes, not due until 2030, to fund its merger with Ranger Oil (expected to close in Q2). Get email updates from your favourite authors. Real-time analyst ratings, insider transactions, earnings data, and more. Prior thereto, he was the Secretary and General Counsel of Tourmaline Oil Corp. since 2008. 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. Tourmaline Oil Corp. (TSE:TOU) Senior Officer Mike Rose Acquires 5,000 Michael Rose is 62, he's been the Chairman of the Board, President, Chief Executive Officer, and Director of Tourmaline Oil since 2008. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Insider buying: Four separate insiders have purchased C$283,312 worth of stock over the past 12 months, according to MarketBeat. 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. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Tourmaline Oil. In this case we're pleased to report that the insider purchases were made at close to current prices. When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. View TOU analyst ratings or view top-rated stocks. Its shares now yield 9.78%, as of writing. }, Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. 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. Subscribe now to read the latest news in your city and across Canada. Overnight on Wall Street is morning in Europe. "plotLineColorFalling": "rgba(41, 98, 255, 1)", 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. Export data to Excel for your own analysis. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. 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. Directors | Tourmaline Oil

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