For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. A few of the highlights, Q2. 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. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. That'll likely change following closure of the Ranger Oil transaction, but it's something to consider when evaluating your current investment options. Risks to consider: Energy Transfer has stable, consistent cash flow and earnings from its largely fee-based contracts. There are currently 6 buy ratings and 1 strong buy rating for the stock. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Most recently, Kendall Douglas Arthur, Senior Officer, bought 10,000 shares at C$5.50 (US$4.08) on March 7. Under recent strip pricing, we see the stock continuing to screen attractive relative to its peers.. Seven years on, he's at it again.. } President, Chief Executive Officer a Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. 326 E 8th St #105, Sioux Falls, SD 57103 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. Tourmalines Topaz equity ownership was valued at $939.7 million in mid-July, which the company says essentially offsets its estimated 2021 yearend net debt. contact@marketbeat.com Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. I believe this is a bullish sign for each stock price, for obvious reasons. The company has been on an acquisition spree, having completed the purchase of Black Swan Energy Ltd., and Paramount Resources Ltd.s land assets in North Montney. 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. 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. Ms. Tait has been the Controller of Tourmaline Oil Corp. since September 2015 and was the Manager of Finance prior thereto. 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. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. 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. If you are a Home delivery print subscriber, unlimited online access is. 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. I have no business relationship with any company whose stock is mentioned in this article. After the sale of Berkley in 2001, Mr. Rose founded Duvernay, which was sold in August 2008. Rose owns a 0.4 per cent stake in Topaz, worth about $12 million. 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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). Please be aware of the risks associated with these stocks. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (Duvernay), a publicly traded oil and gas company (2004-2008). Join thousands of other investors who make better investing decisions with our premium tools. Prior thereto, he wasVice President, Land and Contractsat Berkley Petroleum Corp. until it was acquired in 2001. High institutional ownership can be a signal of strong market trust in this company. 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. 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. Company News. He founded Berkley Petroleum Corp. in 1993 and sold it to Anadarko Petroleum in 2001 before starting Duvernay Oil Corp., which he sold to Shell Canada Ltd. for C$5.9 billion in 2008. Prior thereto, he was Completions Manager at Tourmaline since May 2013. }, "showSymbolLogo": true, Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). In fact, the recent purchase by Chairman of the Board Michael Rose was not their only acquisition of Tourmaline Oil shares this year. The oldest executive at Tourmaline Oil Corp. is JohnElick, 77, who is the Independent Director. 911 lone star season 1 episode 1 watch online. On January 23 and 25, Jill Angevine, Director, bought 1,120 shares at C$62.63 and C$65.94. But over a five-year period, the stock has only edged up 0.15 per cent. "largeChartUrl": "https://energynow.ca/markets/", Monitor your investments 24 hours a day, around the clock from around the globe. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. 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. Results for {phrase} ({results_count} of {results_count_total}), Displaying {results_count} results of {results_count_total}. 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. 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). The next issue of FP Investor will soon be in your inbox. China's Services Activity Surges to More Than Two-Year High. 2021 average. This distribution looks very sustainable here given that Energy Transfer is producing close to $2 billion in distributable cash flow on a quarterly basis, and is paying out ~$950 million in distributions per quarter to maintain its yield (see its Q4 2022 financial results for more details). Its earnings are supported by its "fee-based" contracts it has signed with its clients. Mr. Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. Story continues below "d": "CDN Light Sweet" Most recently, Kelcy Warren, Chairman, bought 1.33 million shares at an average price of $12.99 on Feb. 22, according to MarketBeat. Mr. Robinson is a director and the Vice President, Finance and Chief Financial Officer of Tourmaline. 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. Its shares now yield 9.78%, as of writing. Get in touch with us directly. I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Monitor your investments 24 hours a day, around the clock from around the globe. Tourmaline Oil insiders own about CA$497m worth of shares (which is 7.0% of the company). Michael Rose Net Worth Michael Rose biography. 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. Baytex's vision is to grow into a top-tier North American oil producer focused on per share value creation, according to the company. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. 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. When is Tourmaline Oil's next earnings date? It's common to see an oil company of its size carry billions in debt on the balance sheet in this capital-intensive industry. 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. 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. How often does Tourmaline Oil pay dividends? "s": "TVC:USOIL+NYMEX:ICL1! The information you requested is not available at this time, please check back again soon. The dividend payout ratio is 7.63%. 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. Prior to joining Tourmaline in 2011, Ms. Tait was the Chief Financial Officer of Cinch Energy Corp., a publically traded junior oil and gas company, which was acquired by Tourmaline. Analysts Disclosure: I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. "originalTitle": "Commodities" The special dividends have netted Rose almost C$45 million this year. 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. { The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $2.90 by $2.99. Tourmaline Oil has a PEG Ratio of 1.72. Tourmaline still own just over a 50 per cent stake in Topaz. Tourmaline Oil is Canada's largest natural gas producer, and a leader in employing technology and innovation to produce ever cleaner natural gas. PEG Ratios above 1 indicate that a company could be overvalued. We apologize, but this video has failed to load. View which stocks are hot on social media with MarketBeat's trending stocks report. Prior to March 2013, he served as Completions and Operations Engineering Manager of Tourmaline since 2009. 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. 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. Balance sheet strength: Tourmaline has one of the strongest financial positions of any oil & gas stock I've evaluated. Prior thereto, he was the Vice President, Land and Contractsof Duvernay Oil Corp. until its acquisition in 2008 for $5.9 billion. that you ought to be aware of before buying any shares in Tourmaline Oil. "gridLineColor": "rgba(42, 46, 57, 0)", Without further ado, here are three oil & gas stocks that have recently experienced recent insider buying. Mr. Mike Rose has been the Chairman, President and Chief Executive Officer of Tourmaline since he founded the Company in August 2008. View our TOU earnings forecast. Read our dividend analysis for TOU. 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. I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. "plotLineColorGrowing": "rgba(15, 164, 207, 1)", Michael Rose, CEO of Tourmaline OIl Corp. Photo by Jim Wells/Postmedia. VP of Fin., CFO & Non-Independent Director. If you want to know exactly who sold, for how much, and when, simply click on the graph below! It also carries a book value per share of over $40, just shy of its current share price. Markets never sleep, and neither does Bloomberg News. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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. American Consumer News, LLC dba MarketBeat 2010-2023. 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.). { (844) 978-6257. Mr. McKinnon has served as the Vice President, Operations of Tourmaline Oil Corp. since May 2015. Guests watch a video detailing the announcement of a $70 million joint development agreement between Tourmaline Oil Corp. and Clean Energy Fuels Corp. to build CNG stations in Western Canada. The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. Even after reducing debt by $800 million last year, it has total long-term debt of $48.2 billion. 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. there have been sell-offs in oil & gas stocks in the first place. The company was incorporated in 2008 and is headquartered in Calgary, Canada. 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. Ms. Aspin holds a Bachelor of Commerce degree from the University of Saskatchewan. That includes its regular quarterly dividend and a special dividend. Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.00 per share and currently has a dividend yield of 1.64%. Tourmaline Oil does not have a long track record of dividend growth. 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.. 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. As the Director of Paramount Resources, the total compensation of Susan Rose at Paramount Resources is CAD$70,000. Why Tourmaline Oil Stock Just Fell to 52-week Lows? How were Tourmaline Oil's earnings last quarter? Should You Be Too? Tourmaline Oil Corp. (TSE:TOU) released its quarterly earnings results on Wednesday, March, 1st. Canada's best source for investing news, analysis, and insight on investment strategies, stocks and more. Support local journalists and the next generation of journalists. 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. My comprehensive understanding of these markets and my ability to identify and capitalize on profitable opportunities have enabled me to consistently deliver strong returns for my subscribers. There are 7 older and 4 younger executives at Tourmaline Oil. News; Video; Alternatively, email editorial-team (at) simplywallst.com. He launched Berkley Petroleum Corp. in 1993 and sold it in early 2001 to Anadarko. Looking for buying opportunities? 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. 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. 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. Rose owns a 0.4% stake in Topaz, worth about C$12 million. 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Insider buying: Insiders have been buying shares aggressively over the past year. Tourmaline Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TOU.". Receive TOU Stock News and Ratings via Email. 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. 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. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Prior to joining Tourmaline, Ms. Aspin was a member of the Marketing team at Duvernay Oil Corp. from 2004 until its acquisition in 2008. The stock is a high-yielder that should continue to pump out consistent distributions every quarter, and its near-10% yield looks sustainable, despite the company's debt load. 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Perpetual Energy's chief executive officer was Susan Riddell Rose, Michael Rose's wife. National Bank analyst Dan Payne calls the company stock best in breed, noting that the company has structurally gapped away from the peers, which should continue to yield outsized returns and value.. All rights reserved. After Bank Turmoil, Says RBA. The information you requested is not available at this time, please check back again soon. Tourmaline is Canada's largest natural gas producer and its fourth-largest gas processing midstream operator. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts.