It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. ] Tourmaline Oil Corp. has a . There are currently 6 buy ratings and 1 strong buy rating for the stock. To see all exchange delays and terms of use please see Barchart's disclaimer. With over a decade of experience in the investment industry, I am a highly skilled private investor with a proven track record of success in the commodities and hard assets sector. With its low-cost structure and diversified marketing exposure, analysts say Tourmaline is well-positioned to generate superior returns. 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. The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. That's what I like to see! Since then, TOU shares have decreased by 10.9% and is now trading at C$60.87. Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). That gives the company enormous financial flexibility - it can ramp up its shareholder returns via increased dividends and buybacks, or use its firepower to complete accretive deals, should it desire to, for example. "symbolActiveColor": "rgba(30, 200, 700, 0.41)", Valuation: The stock trades at dirt cheap levels, with a P/E ratio of 4.65, and EV/EBITDA of 4.23, both below the sector median. Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. "originalTitle": "Commodities" 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. Story continues below Access articles from across Canada with one account. Last updated: 1 April 2023 at 11:00am EST. A few of the highlights, Q2. "gridLineColor": "rgba(42, 46, 57, 0)", 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. The following June, Tourmaline purchased Mapan Energy for CAN$106 million in stock. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008. The company was incorporated in 2008 and is headquartered in Calgary, Canada. What other stocks do shareholders of Tourmaline Oil own? Tourmaline Oil executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. Distribution: One of the key reasons to invest in its stock is for its distribution. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. This payout ratio is at a healthy, sustainable level, below 75%. Please log in to your account or sign up in order to add this asset to your watchlist. 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. As a Master Limited Partnership ("MLP"), Energy Transfer also benefits from certain tax advantages. Mr. Robinson has more than 37 years of experience in the oil and gas industry in the disciplines of finance, financial reporting, budgeting, accounting, management, treasury, tax, and business development. How were Tourmaline Oil's earnings last quarter? Please try again. 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. Mr. The next issue of FP Investor will soon be in your inbox. Join the exclusive community of smart investors who trustThe Gold Bull for expert analysis on all commodity stocks! We start this journey in 1998 with England vs. Argentina, the game that had everything. Real-time analyst ratings, insider transactions, earnings data, and more. Tourmaline Oil declared a quarterly dividend on Wednesday, March 1st. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). 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. You probably do not want to miss this free list of growing companies that insiders are buying. "colorTheme": "light", Although it's not the only criteria to consider when evaluating a company, tracking and analyzing insider activity has proven valuable. 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. Rose, a geologist by training who started four successful oil and gas companies in Calgary, has watched his 4.9 per cent stake in Tourmaline balloon to $1.04 billion from $662 million since the beginning of this year. 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. 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). Michael Rose has been working as a Chairman, President & Chief Executive Officer at Tourmaline for 21 years. Insiders from multiple oil & gas companies have been using the recent market downturn as a buying opportunity, acquiring shares of their own companies. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. This suggests a possible upside of 38.7% from the stock's current price. But, I will also point out that the stock is only worth considering if you fully understand the tax implications and potential drawbacks of owning an MLP. It also carries a book value per share of over $40, just shy of its current share price. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Tourmaline Oil. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). Watch: Tourmaline Oil CEO Michael Rose on building CNG stations with Clean Energy Fuels in Western Canada. Markets never sleep, and neither does Bloomberg News. "s": "TVC:USOIL+NYMEX:ICL1! Markets never sleep, and neither does Bloomberg News. Its current quarterly dividend of $.25 equals a 1.62% current stock yield. 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. According to reliable sources, he means about $5 million to $10 million per year from his endorsements and television endeavors. 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. 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 is the third oil and gas company Rose has founded and led. { list of interesting companies, that have HIGH return on equity and low debt. He is a member of the Association of Professional Engineers and Geoscientists of Alberta, Engineers and Geoscientists British Columbia and the Canadian Society of Petroleum Geologists. Energy Transfer Partners is one North America's largest midstream energy companies, with approximately 120,000 miles of pipelines and energy infrastructure assets located across 41 states. 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. 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. '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . Our 2020 Tourmaline aggregate dividend of $130 million and our net Topaz aggregate dividend of $17 million will be paid from our estimated 2020 free cash flow of $173 million. "s": "TVC:USOIL+NYMEX:WCW1! Prior to joining Tourmaline, Ms. Aspin was a member of the Marketing team at Duvernay Oil Corp. from 2004 until its acquisition in 2008. 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. Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. Identify stocks that meet your criteria using seven unique stock screeners. Wallmine is a radically better financial terminal. 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. Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). I am not receiving compensation for it (other than from Seeking Alpha). It's common to see an oil company of its size carry billions in debt on the balance sheet in this capital-intensive industry. 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 Trading Up 1.9 %. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. 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. I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. ], This article by Simply Wall St is general in nature. I wrote this article myself, and it expresses my own opinions. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. articles a month for anyone to read, even non-subscribers! { Several members of the leadership team have been with Rose at all three companies. I am here with Mike Rose, Tourmaline's President and Chief Executive Officer; Brian Robinson, Vice President of Finance and Chief Financial Officer; and Jamie Heard, Tourmaline's Senior. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Canada's best source for investing news, analysis, and insight on investment strategies, stocks and more. Monitor your investments 24 hours a day, around the clock from around the globe. The company has a fifty day moving average of C$60.92 and a 200 day moving average of C$70.22. What Stock Would You Invest $5,000 in Right Now? Prior to March 2013, he served as Completions and Operations Engineering Manager of Tourmaline since 2009. 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. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. "d": "WTI Crude" If you don't see it, please check your junk folder. Visit our Community Guidelines for more information and details on how to adjust your email settings. When is Tourmaline Oil's next earnings date? However, oil prices have since declined, nearly erasing the gains from OPEC's decision. In the past three months, Tourmaline Oil insiders have bought more of their company's stock than they have sold. Most recently, Kelcy Warren, Chairman, bought 1.33 million shares at an average price of $12.99 on Feb. 22, according to MarketBeat. View analysts price targets for TOU or view top-rated stocks among Wall Street analysts. Tourmaline Oil has a PEG Ratio of 1.72. To help with this, we've discovered 5 warning signs (1 doesn't sit too well with us!) TSE:TOU opened at C$56.23 on Wednesday. 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. See what's happening in the market right now with MarketBeat's real-time news feed. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Read our dividend analysis for TOU. Should You Be Too? 911 lone star season 1 episode 1 watch online. This advertisement has not loaded yet, but your article continues below. The dividend payout ratio of Tourmaline Oil is 7.63%. Mr. Tumbach has been the Vice President, Land and Contracts of Tourmaline Oil Corp. since 2008. Please be aware of the risks associated with these stocks. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. 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. Michael Rose Net Worth Michael Rose biography. Without further ado, here are three oil & gas stocks that have recently experienced recent insider buying. Dennis da Silva's Top Picks: April 26, 2023, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, Record 4,800-kilometre voyage for Canadian gas offers relief for Asia, Big Oil is paying out years of dividends in one day. 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. 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.. The dividend payout ratio is 7.63%. Looking for buying opportunities? Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his companys outlook on pricing, revenue and cash flow. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. [Gas in Transition, Volume 2, Issue 5] Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). Why Tourmaline Oil Stock Just Fell to 52-week Lows? Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. "belowLineFillColorGrowing": "rgba(41, 98, 255, 0.12)", Risks to consider: Energy Transfer has stable, consistent cash flow and earnings from its largely fee-based contracts. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Under recent strip pricing, we see the stock continuing to screen attractive relative to its peers.. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). 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. "showChart": true, "locale": "en", "s": "TVC:UKOIL", The official website for the company is www.tourmalineoil.com. Daily puzzles including the New York Times Crossword. "d": "Brent Crude (UKOIL)" President, Chief Executive Officer a Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either. Join thousands of other investors who make better investing decisions with our premium tools. Tourmaline Oil has a P/B Ratio of 1.51. }, Tourmaline Oil is Canada's largest natural gas producer, and a leader in employing technology and innovation to produce ever cleaner natural gas. It's a proven operator with strong, diversified production in North America, low cash costs, and one of the strongest balance sheets in the oil & gas sector. Help us to improve EnergyNow, Give us your feedback, These translations are done via Google Translate, Crude Prices Up Over 2% on Rising U.S. Oil Demand and Lower Output, Canadian Conservatives Want Glencore Takeover of Teck Blocked, Big Power Shortfall Looms After Quebec Wooed US With Cheap Hydro, US Oil and Gas rig Count Steadies in April, Vancouver Conference to Showcase Rising Tide of Indigenous Leadership in Canadas Economy, Big Change Coming For the Lithium Industry ENERGYminute, TC Energy declares force majeure on Columbia Gulf natgas station after fire, Ottawa Welcomes Foreign Oil, Roadblocks Canadian Oil Colin Craig: SecondStreet.org, Improved Transportation Corridors Could Help Boost Canadas Energy Exports, EPA allows gasoline with higher ethanol blend during summer, FOCUS ON SAFETY FREE WEBINAR: How to Reduce Hand Injuries in Oil & Gas Coming May 17 Details & Registration Here, Imperial announces first quarter 2023 financial and operating results, Imperial Oil reports Q1 profit up from year ago, raises quarterly dividend, Canada still needs the Trans Mountain Expansion. Mr. Rose said an $8-million investment in the project has already saved Tourmaline more than $25-million in fuel costs. Specifically, they have bought C$588,306.00 in company stock and sold C$0.00 in company stock. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. Currently, 80% of the company's production comes from natural gas, and it also claims to have the lowest capital costs in the Alberta Deep Basin. Unauthorized distribution, transmission or republication strictly prohibited. Its earnings are supported by its "fee-based" contracts it has signed with its clients. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (Duvernay), a publicly traded oil and gas company (2004-2008). Please. Prior thereto, he was Completions Manager at Tourmaline since May 2013. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. And, it expects to end the year with a cash positive position. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Create an account or sign in to continue with your reading experience. Tourmaline gained the mineral rights by giving Perpetual Energy about 6.75 million share of Tourmaline stock, worth approximately CAN$256.5 million. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. Prior to joining Cinch, Ms. Tait was an audit manager at Ernst & Young Chartered Accountants. Tourmaline is part of the Electricity, Oil & Gas industry, and located in Canada. 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. "s": "OANDA:NATGASUSD", First, investors should note that the OPEC cuts have not yet taken effect (they begin in May). We start this journey in 1998 with England vs. Argentina, the game that had everything. }, Energy Transfer is currently paying out $1.23 annualized (back to its payout levels before the pandemic hit), after its recent distribution increase. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. ", Our daily ratings and market update email newsletter. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Prior thereto, he wasVice President, Land and Contractsat Berkley Petroleum Corp. until it was acquired in 2001. Analysts Disclosure: I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. 1 for 4 weeks, Alibaba's Jack Ma turns up in Japan as college professor, On May Day, workers rally for better labor conditions, 'Waste of time': Community college transfers derail students. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. In-depth profiles and analysis for 20,000 public companies. Oil's short-term outlook remains uncertain for these reasons. Tourmaline has also hiked its regular quarterly dividend by 41% over the last 12 months. All Rights Reserved. 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. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and isa Member of the Canadian Association of Petroleum Landmen. On April 17, Janet Weiss, Director, bought 350 shares at C$45.58. that you ought to be aware of before buying any shares in Tourmaline Oil. Tourmaline stands out to me as a super-attractive oil & gas stock for several reasons: Insider buying: Three insiders at Tourmaline Oil Corp. have bought C$6 million (US$4.45 million) worth of shares over the past year, according to MarketBeat. Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009.
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