This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. One share of TOU stock can currently be purchased for approximately C$60.87. Tourmaline's management has guided for 2023 production of 520,000 - 540,000 barrels of oil equivalent per day ("BOE/D"). He is a member of the Association of Professional Engineers and Geoscientists of Alberta and the Canadian Society of Petroleum Geologists. That means that an insider was happy to buy shares at around the current price of CA$22.83. Check out our latest analysis for Tourmaline Oil. 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. The special dividends have netted Rose almost $45 million this year. CIBC Capital Market has a $47.50 price target for the stock with an outperform rating. Tourmaline Oil has only been the subject of 2 research reports in the past 90 days. "showFloatingTooltip": true, With its low-cost structure and diversified marketing exposure, analysts say Tourmaline is well-positioned to generate superior returns. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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). Even after reducing debt by $800 million last year, it has total long-term debt of $48.2 billion. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. Tourmaline CEO Mike Rose in search of assets | Calgary Herald Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). Tourmaline Oil insiders may have bought shares in the last year, but they didn't sell any. A high insider ownership often makes company leadership more mindful of shareholder interests. Mike Rose, Tourmaline Oil Corp | Speaker | Energy Council First, investors should note that the OPEC cuts have not yet taken effect (they begin in May). Rose also purchased 5,000 shares at C$62.77 on January 25. Valuation: Like Tourmaline, Baytex shares look like a bargain here. Real-time analyst ratings, insider transactions, earnings data, and more. Tourmaline Location 250-6th Ave SW Ste 2900, Calgary, Alberta, T2P 3H7, Canada Description Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment Tourmaline Oil plans spinoff to help monetize assets - BNN }, Wallmine is a radically better financial terminal. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. The company currently estimates the move will be 20% accretive to its free cash flow per share, for example. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Since then, TOU shares have decreased by 10.9% and is now trading at C$60.87.

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