mike rose tourmaline net worth

Read more about cookies here. Ms. Tait has been the Controller of Tourmaline Oil Corp. since September 2015 and was the Manager of Finance prior thereto. list of interesting companies, that have HIGH return on equity and low debt. 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). And, it expects to end the year with a cash positive position. That includes its regular quarterly dividend and a special dividend. However, oil prices have since declined, nearly erasing the gains from OPEC's decision. 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. That's what I like to see! [Gas in Transition, Volume 2, Issue 5] 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. Export data to Excel for your own analysis. Watch: Tourmaline Oil CEO Michael Rose on building CNG stations with Clean Energy Fuels in Western Canada. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $2.90 by $2.99. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either. 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. Photo by Gavin Young/Postmedia files. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. It said the increase in net earnings. As of 2023, Mike Rowe net worth is calculated to be around $30 million. Ms. Aspin joined Tourmaline Oil Corp. in 2009 and was appointed Vice President, Marketing in September 2017. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. mike rose tourmaline net worth. View our TOU earnings forecast. The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. Michael Rose Is The Chairman of the Board of Tourmaline Oil Corp. (TSE Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. 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. Comments may take up to an hour for moderation before appearing on the site. Second, expect a big oil deficit in H2 2023. In sweetheart deal, Tourmaline buys natural gas play Canadian Natural Gas Has Gone Global: An Interview with Mike Rose from Prior thereto, he wasVice President, Land and Contractsat Berkley Petroleum Corp. until it was acquired in 2001. Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. Check out our latest analysis for Tourmaline Oil. Tourmaline Oil plans spinoff to help monetize assets - BNN Wallmine is a radically better financial terminal. Get in touch with us directly. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. Tourmaline is a Canadian senior oil and natural gascompany focused on long-term growth through anaggressive exploration, development, production and acquisition program in the Western CanadianSedimentary Basin. Distribution: One of the key reasons to invest in its stock is for its distribution. I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Is the stock too good to be true? What is Tourmaline Oil's stock price today? Currently, 5.47% of its stock (18.5 million shares) is owned by insiders, which is the largest insider ownership among senior E&P peers, according to the company. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, . Mike Rose, Tourmaline Oil Corp: Profile and Biography Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). With its low-cost structure and diversified marketing exposure, analysts say Tourmaline is well-positioned to generate superior returns. 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. Valuation: Energy Transfer looks like a reasonably priced MLP, with a P/E of 9, an EV/EBITDA of 7, and a price-to-sales of .44. 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 his death in 2018. On January 23 and 25, Jill Angevine, Director, bought 1,120 shares at C$62.63 and C$65.94. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). 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. Rose also purchased 5,000 shares at C$62.77 on January 25. Last updated: 1 April 2023 at 11:00am EST. Please disable your ad-blocker and refresh. There are currently 6 buy ratings and 1 strong buy rating for the stock. This payout ratio is at a healthy, sustainable level, below 75%. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). . Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. Company News. Tourmaline Location 250-6th Ave SW Ste 2900, Calgary, Alberta, T2P 3H7, Canada Description Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment Identify stocks that meet your criteria using seven unique stock screeners. { 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. The company has a fifty day moving average of C$60.92 and a 200 day moving average of C$70.22. "locale": "en", While he sees less upside for Tourmaline, Bilkoski still has a buy rating on Topaz Energy Corp., an energy royalty and infrastructure spinoff for which all 14 analysts have buy recommendations. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Michael L. Rose founded Tourmaline Oil Corp., Duvernay Oil Corp. and Berkley Petroleum Corp. Mr. Rose holds the position of Chairman, President & Chief Executive Officer of Tourmaline Oil Corp. and Chairman at Topaz Energy Corp. (a subsidiary of Tourmaline Oil Corp.). Mike Rose started Tourmaline Oil Corp., now Canada's third-largest natural gas producer, by scooping up land the last time energy companies were in a slump. We ask you to keep your comments relevant and respectful. In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. Michael Rose, CEO of Tourmaline OIl Corp. , which the company says essentially offsets its estimated, Enbridge beats profit estimates as oil volumes rebound, LNG Canada project threatened amid cost dispute over Coastal GasLink pipeline, Cenovus Energy posts 2% rise in quarterly profit, exposure, CIBC Capital Market analysts say, billion of free cash flow in 2022 and US$, are lower commodity prices and rising industry costs, tap here to see other videos from our team. In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Michael Rose bought CA$763k worth of shares at a price of CA$77.43 per share. 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. Mr. Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. The special dividends have netted Rose almost $45 million this year. Michael Rose, president and CEO of Tourmaline Oil, . On average, they expect the company's stock price to reach C$84.44 in the next twelve months. 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. Tourmaline Oil Corp. has a . Michael Rose Net Worth Michael Rose biography. } Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009. 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. All Rights Reserved. "gridLineColor": "rgba(42, 46, 57, 0)", After Bank Turmoil, Says RBA. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. 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Tourmaline Oil's mailing address is 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. 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. We start this journey in 1998 with England vs. Argentina, the game that had everything. '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The special dividends have netted Rose almost C$45 million this year. Tourmaline Oil CEO Michael Rose on his energy company's outlook PEG Ratios above 1 indicate that a company could be overvalued. Join the exclusive community of smart investors who trustThe Gold Bull for expert analysis on all commodity stocks! Tourmaline Oil - Wikipedia 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. Stockholders of record on Wednesday, March 15th will be given a dividend of 0.25 per share on Friday, March 31st. Vice President, Finance & Chief Financial Officer. First, it's worth taking a step back to understand the current oil price action to see why there have been sell-offs in oil & gas stocks in the first place. We continue to see the stock as a go-to name for natural gas exposure through H2/21, according to Jamie Kubik, analyst at CIBC Capital Markets. We start this journey in 1998 with England vs. Argentina, the game that had everything. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. Insider buying: Insiders have been buying shares aggressively over the past year. That means. What other stocks do shareholders of Tourmaline Oil own? In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. 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. Access to my personal gold portfolio and build your own winning portfolio. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Several members of the leadership team have been with Rose at all three companies. Tourmaline has also hiked its regular quarterly dividend by 41 per cent over the last 12 months. mike rose tourmaline net worth - hazrentalcenter.com Overnight on Wall Street is morning in Europe. 2021 average. There are 1 executives at Tourmaline Oil getting paid more, . Tourmaline, led by chief executive officer Mike Rose, is buying Black Swan Ltd. for about $750-million in stock. Michael Rose, CEO of Tourmaline OIl Corp. Photo by Jim Wells/Postmedia.

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