Tourmaline Oil (TSE:TOU) pays an annual dividend of C$1.00 per share and currently has a dividend yield of 1.64%. 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. Several members of the leadership team have been with Rose at all three companies. But the company does carry quite a bit of debt. 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. It owns a diverse portfolio of assets, including pipelines and storage facilities. }, He launched Berkley Petroleum Corp. in 1993 and sold it in early 2001 to Anadarko. View analysts price targets for TOU or view top-rated stocks among Wall Street analysts. In many cases, I've found that insiders have (mostly) timed their purchases wisely. 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. 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. Don't miss this opportunity to take control of your investment strategy and grow your wealth subscribe now! Valuation: Like Tourmaline, Baytex shares look like a bargain here. 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.. Seven years on, he's at it again.. "showFloatingTooltip": true, The company has a fifty day moving average of C$60.92 and a 200 day moving average of C$70.22. American Consumer News, LLC dba MarketBeat 2010-2023. What is Tourmaline Oil's stock price forecast for 2023? 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. Export data to Excel for your own analysis. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Mr. Rose said an $8-million investment in the project has already saved Tourmaline more than $25-million in fuel costs. Mr. Tumbach has been the Vice President, Land and Contracts of Tourmaline Oil Corp. since 2008. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. I detail the insider transactions, provide an overview of each company and its valuation, and offer a bottom line for investors. I believe this is a bullish sign for each stock price, for obvious reasons. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Tourmaline stock was trading 155 per cent higher to $33.53 per share at the end of last week, compared to the same period last year, and nearly 205 per cent higher compared to March 2020 when oil and gas stock prices began to slide. After Bank Turmoil, Says RBA. 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. Mr. Robinson is a director and the Vice President, Finance and Chief Financial Officer of Tourmaline. How many employees does Tourmaline Oil have? Tourmaline has also hiked its regular quarterly dividend by 41% over the last 12 months. "d": "Brent Crude (UKOIL)" We ask you to keep your comments relevant and respectful. { In the past three months, Tourmaline Oil insiders have bought more of their company's stock than they have sold. The information you requested is not available at this time, please check back again soon. 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). 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 billionfrom $662 million since the beginning of this year. Concerned about the content? View which stocks are hot on social media with MarketBeat's trending stocks report. 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. Michael Rose, CEO of Tourmaline OIl Corp. Photo by Jim Wells/Postmedia. 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. Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). Tourmaline and Topaz are the third and fourth oil and gas companies that Rose has built into billion-dollar enterprises. Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. 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. You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan,and submit your feedback using our Accessibility webform. "dateRange": "12M", Tourmaline Oil had a trailing twelve-month return on equity of 35.48% and a net margin of 63.21%. Rose owns a 0.4% stake in Topaz, worth about C$12 million. What other stocks do shareholders of Tourmaline Oil own? Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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. The next issue of FP Investor will soon be in your inbox. 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. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and isa Member of the Canadian Association of Petroleum Landmen. '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . First, they announced a partnership on a compressed natural gas (CNG) fueling station network across Western Canada to enable heavy-haul trucks to get off diesel. CEO is the third-largest shareholder of Canada gas producer, TD gives stock its only hold rating on stretched valuation. We start this journey in 1998 with England vs. Argentina, the game that had everything. Michael Rose has been working as a Chairman, President & Chief Executive Officer at Tourmaline for 21 years. Eine andere -Site. Sign-up to receive the latest news and ratings for Tourmaline Oil and its competitors with MarketBeat's FREE daily newsletter. Distribution: One of the key reasons to invest in its stock is for its distribution. Read more about cookies here. 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. 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. Markets never sleep, and neither does Bloomberg News. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. In fact, there have been 34 open market buys compared to only 6 sells in that timeframe, according to Nasdaq. Unauthorized distribution, transmission or republication strictly prohibited. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Tourmaline Oil has a P/B Ratio of 1.51. Access articles from across Canada with one account. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. view top-rated stocks among Wall Street analysts, 250 6 Ave SW Suite 3700, CALGARY, AB T2P 3H7, Canada. Vice President, Finance & Chief Financial Officer. Prior to joining Cinch, Ms. Tait was an audit manager at Ernst & Young Chartered Accountants. }, Wallmine is a radically better financial terminal. While that sounds like a small percentage, Energy Transfer is a $39 billion company, so it represents a huge investment worth more than $1 billion. Our Posthaste newsletter has all the breaking business news and market signals you need, Our Posthaste newsletter has all the breaking business news you need, My precious: Meet the Canadian natural gas producer that analysts are calling the 'best-in-breed', '50% correction': Why Canada's office real estate sector is heading for a reckoning, How the CRA strike will affect your tax returns, refunds, benefits and more, Quebec faces big electricity shortfall after wooing U.S. to buy cheap hydro power, Why is remote work a major sticking point in PSAC negotiations? Markets never sleep, and neither does Bloomberg News. 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. which phrase signals a contrast between ideals about marriage 304-539-8172; one level homes in clemmons, nc casadeglo3@gmail.com On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. 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. Dennis da Silva's Top Picks: April 26, 2023, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, U.S. natural gas slumps as LNG plant shutdown strands supplies, U.S. natural gas prices slump after fire at Texas LNG terminal, Gas exporters see growing support for East Coast plant in Canada. Prior to joining Tourmaline, Mr. McKinnon held both engineering and operational roles at Shell Canada Ltd. Mr. McKinnon holds a Bachelor of Science in petroleum engineering from Montana Tech at the University of Montana. 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. Mr. Bush is the Chief Operating Officer of Tourmaline Oil Corp., a position he has held since April 2014. So we are pleased to announce a very strong Q2 2020 with significant free cash flow generation. And thanks everybody who's on the line. ], 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. Comments may take up to an hour for moderation before appearing on the site. Prior thereto, he was the Secretary and General Counsel of Tourmaline Oil Corp. since 2008. The company was incorporated in 2008 and is headquartered in Calgary, Canada. "title": "Commodities", 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. "belowLineFillColorFalling": "rgba(41, 98, 255, 0.12)", President, Chief Executive Officer a Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. Tourmaline still own just over a 50 per cent stake in Topaz. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Most recently, Kelcy Warren, Chairman, bought 1.33 million shares at an average price of $12.99 on Feb. 22, according to MarketBeat. "s": "OANDA:NATGASUSD", Mike Rose, chairman and chief executive officer of Tourmaline Oil Corp., listens during an interview in New York, U.S., on Thursday, March 12, 2015. 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. He started Duvernay Oil Corp. shortly thereafter, eventually selling it to Shell for $5.9 billion in 2008. "belowLineFillColorFallingBottom": "rgba(41, 98, 255, 0)", Read our dividend analysis for TOU. Ms. Beck holds a Bachelor of Arts (Economics) degree from the University of British Columbia and a Bachelor of Laws degree from Dalhousie University. Tourmaline, named after the semi-precious stone, has also struck a long-term agreement with Cheniere Energy Inc., one of the largest liquefied natural gas producers in the U.S., to supply 140,000 mmbtu per day of natural gas to the companys Corpus Christi liquefaction terminal in Texas for a 15-year term starting 2023. 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. Mr. Bush holds aBachelors degree in Mining Engineering from Montana College of Mineral Science and Technology, Butte Montana. For example, the company is not taxed at the corporate level as it's considered a pass-through entity, and unitholders report their share of the company's income and expenses on their personal tax returns (using form K1's). 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. 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.. That's what I like to see! Mr. "showSymbolLogo": true, VP of Fin., CFO & Non-Independent Director. This payout ratio is at a healthy, sustainable level, below 75%. Please try again. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. ("Duvernay"), a publicly traded oil and gas company (2004-2008). Its current quarterly dividend of $.25 equals a 1.62% current stock yield. As a Master Limited Partnership ("MLP"), Energy Transfer also benefits from certain tax advantages. Prior thereto, he was Completions Manager at Tourmaline since May 2013. 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. 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. The oldest executive at Tourmaline Oil Corp. is JohnElick, 77, who is the Independent Director. that you ought to be aware of before buying any shares in Tourmaline Oil. 2021 average. 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. Mr. Kirker has practiced law for more than 30 years in various capacities. On average, they expect the company's stock price to reach C$84.44 in the next twelve months. 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). Visit our Community Guidelines for more information and details on how to adjust your email settings. 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 dividend payout ratio is 7.63%. Specifically, they have bought C$588,306.00 in company stock and sold C$0.00 in company stock. At the 2022 Canada Energy Assembly and Dinner, Mike Rose, President and CEO of Tourmaline Oil Corp, was presented with the Lifetime Achievement Award, sponso. 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 was educated at Queen's University, graduating with an honours degree in Geology. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either. Mr. Bush served as Completions and Operations Engineering Manager of Duvernay Oil Corp. until its acquisition in 2008. 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. China's Services Activity Surges to More Than Two-Year High. Only 5.47% of the stock of Tourmaline Oil is held by insiders. 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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. Identify stocks that meet your criteria using seven unique stock screeners. "symbols": [ The consensus among Wall Street research analysts is that investors should "buy" TOU shares. { We believe the recent pause in the shares represents an opportunity as we move into the fall of 2021. Is this happening to you frequently? Insiders have been buying shares at three oil & gas companies lately. 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. 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Ms. Tait obtained her Chartered Accountant designation in 2003 and her Bachelor of Commerce in 2001 from the University of Calgary. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. 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. 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tourmaline Oil in the last twelve months. 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. 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. Soaring natural gas prices have propelled Tourmaline Oil Corp. Chief Executive Officer Mike Rose into the ranks of Canadas billionaires. Rose also purchased 5,000 shares at C$62.77 on January 25. 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. "s": "TVC:USOIL+NYMEX:ICL1! Bottom line: Energy Transfer Partners is a lower-risk stock to own in the oil & gas sector, as its earnings and cash flow are far less dependent on commodity prices. 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(TSE:TOU), Barclays Cuts Tourmaline Oil (TSE:TOU) Price Target to C$75.00, DESJARDINS SECURITIES Maintains Tourmaline Oil (TSX:TOU) Buy Recommendation, SCOTIABANK GBM Maintains Tourmaline Oil (TSX:TOU) Outperform Recommendation, Tourmaline Stock: Down 28% and on Sale Today, Tourmaline Oil Corp. 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(TSE:TOU) Price Target at C$89.30, Tourmaline Oil (TSE:TOU) Price Target Cut to C$78.00 by Analysts at BMO Capital Markets, BMO Capital Markets Trims Tourmaline Oil (TSE:TOU) Target Price to C$78.00, Stifel Firstegy Research Analysts Reduce Earnings Estimates for Tourmaline Oil Corp. (TSE:TOU), Mike Rose Purchases 5,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock, Mike Rose Acquires 5,000 Shares of Tourmaline Oil Corp. (TSE:TOU) Stock.