And the longer term insider transactions also give us confidence. Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. 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. Tourmaline Oil CEO says oil patch acquisition environment still There are currently 6 buy ratings and 1 strong buy rating for the stock. First, investors should note that the OPEC cuts have not yet taken effect (they begin in May). TSE:TOU opened at C$56.23 on Wednesday. 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. Tourmaline Oil - Wikipedia Those involved talk us through the great goals, a seminal sending off, penalty heartbreak and Mick Jagger. 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. We encountered an issue signing you up. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. In-depth profiles and analysis for 20,000 public companies. The company earned $2.18 billion during the quarter. "d": "WTI Crude" 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. } Entering text into the input field will update the search result below. The official website for the company is www.tourmalineoil.com. Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US. View TOU analyst ratings or view top-rated stocks. Most recently, Kendall Douglas Arthur, Senior Officer, bought 10,000 shares at C$5.50 (US$4.08) on March 7. 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. Natural gas stations coming soon to Canada | Financial Post Tourmaline made some exciting announcements last week. Real-time analyst ratings, insider transactions, earnings data, and more. But Tourmaline ended 2022 with just $494 million in debt. Check out our latest analysis for Tourmaline Oil. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. Mr. Frostad has served as the Vice President, Exploration of Tourmaline Oil Corp. since November 2019. 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). How were Tourmaline Oil's earnings last quarter? Prior to Pembina, Ms. Beck worked in private practice as a securities lawyer at Stikeman Elliott LLP in London, UK and at Blake, Cassels and Graydon LLP in Calgary. Prior thereto, he was the Vice President, Land and Contractsof Duvernay Oil Corp. until its acquisition in 2008 for $5.9 billion. On average, they expect the company's stock price to reach C$84.44 in the next twelve months. 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. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Mr. Bush is the Chief Operating Officer of Tourmaline Oil Corp., a position he has held since April 2014. Bottom line: Baytex's stock is down 28.59% over the past year, but the worst of it may be behind it. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Please try again. 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. "belowLineFillColorFallingBottom": "rgba(41, 98, 255, 0)", "height": "500", We apologize, but this video has failed to load. 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.. How many employees does Tourmaline Oil have? "belowLineFillColorGrowingBottom": "rgba(41, 98, 255, 0)", US Property Taxes Rose Twice as Fast Last Year Than in 2021. . contact@marketbeat.com 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. 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. Here's why Energy Transfer looks like an attractive investment opportunity. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. Watch the video above to hear more of Roses conversation with Andrew McCreath. 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. 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. The next issue of FP Investor will soon be in your inbox. That includes its regular quarterly dividend and a special dividend. 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. 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. Should You Be Too? Insider buying: Insiders have been buying shares aggressively over the past year. 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. Monitor your investments 24 hours a day, around the clock from around the globe. Tourmaline Oil is Canada's largest natural gas producer, and a leader in employing technology and innovation to produce ever cleaner natural gas. On March 7 and 13, Mike Rose, Senior Officer, bought a combined 10,000 shares at C$55.70 and C$58.77. (Natural) gas demand just keeps building, Rose said. 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. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings. 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. 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). 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? Tourmaline Oil (TSE:TOU) has a market capitalization of C$20.63 billion and generates C$7.10 billion in revenue each year. Alternatively, email editorial-team (at) simplywallst.com. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. As the Director of Paramount Resources, the total compensation of Susan Rose at Paramount Resources is CAD$70,000. "s": "TVC:USOIL+NYMEX:ICL1! 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. Join the exclusive community of smart investors who trustThe Gold Bull for expert analysis on all commodity stocks! Get email updates from your favourite authors. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Results for {phrase} ({results_count} of {results_count_total}), Displaying {results_count} results of {results_count_total}. That means they have been optimistic about the company in the past, though they may have changed their mind. Mr. Robinson is a director and the Vice President, Finance and Chief Financial Officer of Tourmaline.
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