Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. 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. 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. Read our dividend analysis for TOU. }, The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. In-depth profiles and analysis for 20,000 public companies. 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. 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%. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Michael L. Rose serves as Chairman of the Board, President, Chief Executive Officer, Director of the Company. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Balance sheet strength: Tourmaline has one of the strongest financial positions of any oil & gas stock I've evaluated. Tourmaline surge propels Mike Rose's stake past $1B Bullish insiders bet CA$9.2m on Tourmaline Oil Corp. (TSE:TOU) According to analysts' consensus price target of C$84.44, Tourmaline Oil has a forecasted upside of 38.7% from its current price of C$60.87. Tourmaline Oil CEO says oil patch acquisition environment still Prior to March 2013, he served as Completions and Operations Engineering Manager of Tourmaline since 2009. "s": "TVC:USOIL+NYMEX:WCW1! Prior thereto, he was Exploration Manager of the Companys NEBC and PRH operating areas, and Senior Geologist at Tourmaline, since February 2009. Tourmaline, led by chief executive officer Mike Rose, is buying Black Swan Ltd. for about $750-million in stock. This payout ratio is at a healthy, sustainable level, below 75%. This advertisement has not loaded yet, but your article continues below. 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. Risks to consider: Energy Transfer has stable, consistent cash flow and earnings from its largely fee-based contracts. Analysts Disclosure: I/we have a beneficial long position in the shares of TRMLF either through stock ownership, options, or other derivatives. Create an account or sign in to continue with your reading experience. Share your thoughts and join the conversation in the comments. The company-specific risks to achieving its price target include infrastructure constraints that may limit Tourmalines ability to tie-in new production and changes to production deliverability assumptions (i.e., initial production rates and production declines) on Tourmalines undeveloped assets.. Michael Rose, president and CEO of Tourmaline Oil, spoke with Weekly host Andrew McCreath about his companys outlook on pricing, revenue and cash flow. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Directors | Tourmaline Oil 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). When you subscribe today, you'll gain immediate access to my top picks, personal portfolio insights, and in-depth analysis of over 140 stocks. Mr. Rose was educated at Queens University, graduating with an honours degree in Geology. 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. What other stocks do shareholders of Tourmaline Oil own? ] I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. That means that an insider was happy to buy shares at around the current price of CA$22.83. See what's happening in the market right now with MarketBeat's real-time news feed. Concerned about the content? This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. We encountered an issue signing you up. And, it expects to end the year with a cash positive position. After Bank Turmoil, Says RBA. Mr. McKinnon has served as the Vice President, Operations of Tourmaline Oil Corp. since May 2015. As such, the business plan remains strong from a strategic and tactical perspective.. 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. "belowLineFillColorFallingBottom": "rgba(41, 98, 255, 0)", Earlier in the year, they paid CA$18.70 per share in a CA$371k purchase. 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. Alternatively, email editorial-team (at) simplywallst.com. In fact, there have been 34 open market buys compared to only 6 sells in that timeframe, according to Nasdaq. Tourmaline Oil Insider Buying: 3 Oil And Gas Stocks To Consider Now EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. "symbolActiveColor": "rgba(30, 200, 700, 0.41)", 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 company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. "tabs": [ ], [Gas in Transition, Volume 2, Issue 5] Please be aware of the risks associated with these stocks. 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. 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Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. Rose owns a 0.4 per cent stake in Topaz, worth about $12 million. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (Duvernay), a publicly traded oil and gas company (2004-2008). A welcome email is on its way. Markets never sleep, and neither does Bloomberg News. There are plenty of other companies that have insiders buying up shares. Tourmaline Oil's stock was trading at C$68.32 at the beginning of the year. Only 5.47% of the stock of Tourmaline Oil is held by insiders. 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. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Tourmaline CEO Mike Rose is building an oil company for a post-oil era 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. Vice President, Finance & Chief Financial Officer. Mr. Rose was educated at Queen's University, graduating with an honours degree in Geology. This should lead to annual operating cash flow just shy of $4 billion and free cash flow of $2 billion, according to company estimates published at its corporate presentation. The information you requested is not available at this time, please check back again soon. } Canadian Natural Gas Has Gone Global: An Interview with Mike Rose from Tourmaline made some exciting announcements last week. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and isa Member of the Canadian Association of Petroleum Landmen. { Mathematician and author Hannah Fry investigates patterns in human behavior, AI and the creative ideas behind the organizations and pioneers transforming society. 'active' : 'js-change-currency' ?> //= plugin_dir_url( __FILE__ ) . Mr. Bush is the Chief Operating Officer of Tourmaline Oil Corp., a position he has held since April 2014. It also carries a book value per share of $5.56, higher than its current stock price. What is Tourmaline Oil's stock price forecast for 2023? Tourmaline Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TOU.". Mr. Frostad holds a Master of Science (Geology) and Bachelor of Science (Geology) from the University of Calgary. 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. China's Services Activity Surges to More Than Two-Year High. Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.00 per share and currently has a dividend yield of 1.64%. News; Video; Please. The companys updated fiveyear plan, at current prices, delivers $1.8 billion of free cash flow in 2022 and US$7 billion over the full fiveyear duration of the plan. Prior thereto, Mr. Robinson was Vice President, Finance and Chief Financial Officer of Duvernay and prior to that was Vice President, Finance and Chief Financial Officer of Berkley. Seven years on, he's at it again.. { Oil's short-term outlook remains uncertain for these reasons. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canada's billionaires.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 from C$662 million since the beginning of this year. Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. Among other awards, Mr. Rose is the recipient of the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (2009). There was an error, please provide a valid email address. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. The company essentially transports various commodities across the country, namely, crude oil (17% of its adjusted EBITDA), natural gas and refined products (23%), and midstream (nat gas, crude oil, and nat gas liquids (25%). The company earned $2.18 billion during the quarter. That means they have been optimistic about the company in the past, though they may have changed their mind. Shares of TOU stock and other Canadian stocks can be purchased through an online brokerage account.
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