mike rose tourmaline net worth

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. What you need to know, David Rosenberg: Which assets have priced in a recession and which ones haven't. So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. Tourmaline has also hiked its regular quarterly dividend by 41% over the last 12 months. 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 Oils/Energy sector average P/E ratio of about 56.11. In the interview, Rose said that he sees his Canadian energy company as resilient on all fronts. 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This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. "width": "100%", There are currently 6 buy ratings and 1 strong buy rating for the stock. We currently account for open market transactions and private dispositions, but not derivative transactions. EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. I discuss oil prices and analyze 3 companies with recent insider buying. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. Prior to joining Tourmaline, Ms. Aspin was a member of the Marketing team at Duvernay Oil Corp. from 2004 until its acquisition in 2008. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. 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. "title": "Commodities", 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. He also pointed a steady drumbeat of demand for natural gas is growing across North America and around the world at the same time, which is giving his company a boost. Directors | Tourmaline Oil You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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. But the company does carry quite a bit of debt. We ask you to keep your comments relevant and respectful. Tourmaline continues buying spree in Montney with $750-million deal for That's what I like to see! Tourmaline Oil Corp (TRMLF) CEO Michael Rose on Q1 2020 Results The information you requested is not available at this time, please check back again soon. 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. That means. There are plenty of other companies that have insiders buying up shares. }, The bottom line: Investors who can stomach the short-term volatility and the possibility of lower oil & gas prices this quarter may be rewarded handsomely in H2 2023 and beyond. Rose owns a 0.4% stake in Topaz, worth about C$12 million. 911 lone star season 1 episode 1 watch online. 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. The Midas Touch - BIC }, There are 14 executives at Paramount Resources getting paid more, with James Riddell having the highest compensation of $1,815,460. 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. Michael Rose, president and CEO of Tourmaline Oil, . All rights reserved. "gridLineColor": "rgba(42, 46, 57, 0)", 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. Results for {phrase} ({results_count} of {results_count_total}), Displaying {results_count} results of {results_count_total}. There are 1 executives at Tourmaline Oil getting paid more, . What Stock Would You Invest $5,000 in Right Now? Subscribe now to read the latest news in your city and across Canada. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. But the latter half of 2023 seems more promising for a rally in oil & gas prices due to supply concerns, and in the stocks I mention below. Mr. Frostad holds a Master of Science (Geology) and Bachelor of Science (Geology) from the University of Calgary. On January 23 and 25, Jill Angevine, Director, bought 1,120 shares at C$62.63 and C$65.94. Tourmaline Surge Propels Mike Rose's Stake Past C$1 Billion Tourmaline Enters Long-Term LNG Export Marketing Arrangement With Get email updates from your favourite authors. Under recent strip pricing, we see the stock continuing to screen attractive relative to its peers.. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. } 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. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). "largeChartUrl": "https://energynow.ca/markets/", 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 $5.9 billion in 2008. "d": "WCS Heavy" A few of the highlights, Q2. It also carries a book value per share of $5.56, higher than its current stock price. It used its cash flow to focus on reducing its net debt (30% reduction last year, to $987 million) and reward shareholders with an aggressive share buyback (24.3 million shares, of 4.3% of shares outstanding, were repurchased in 2022). In-depth profiles and analysis for 20,000 public companies. "colorTheme": "light", Mike Rose, Tourmaline's president and CEO, said: "Our long-term supply agreement with Cheniere is the next important step in [the company's] evolving market diversification .

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