It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. 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). 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. Unlimited online access to articles from across Canada with one account. The information you requested is not available at this time, please check back again soon. Get daily stock ideas from top-performing Wall Street analysts. The dividend payout ratio is 7.63%. 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. Tourmaline Oil Corp (TRMLF) CEO Mike Rose on Q2 2020 Results - SeekingAlpha President, Chief Executive Officer a Director of Tourmaline Oil, the total compensation of Michael Rose at Tourmaline Oil is $3,373,190. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Read our dividend analysis for TOU. News; Video; Michael Rose, CEO of Tourmaline OIl Corp. , which the company says essentially offsets its estimated, Enbridge beats profit estimates as oil volumes rebound, LNG Canada project threatened amid cost dispute over Coastal GasLink pipeline, Cenovus Energy posts 2% rise in quarterly profit, exposure, CIBC Capital Market analysts say, billion of free cash flow in 2022 and US$, are lower commodity prices and rising industry costs, tap here to see other videos from our team. The special dividends have netted Rose almost C$45 million this year. There are 1 executives at Tourmaline Oil getting paid more, with Michael L. Rose having the highest compensation of $3,483,282. View TOU analyst ratings or view top-rated stocks. 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. "s": "USOIL", Mr. Tumbach has been the Vice President, Land and Contracts of Tourmaline Oil Corp. since 2008. In the past three months, Tourmaline Oil insiders have bought more of their company's stock than they have sold. Dividend: The company paid a $7.90 per share dividend last year, which equals a trailing yield of 17.56% based on its current stock price of $45. Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). It's common to see an oil company of its size carry billions in debt on the balance sheet in this capital-intensive industry. Tourmaline is Canada's largest natural gas producer and its fourth-largest gas processing midstream operator. Energy Transfer is currently paying out $1.23 annualized (back to its payout levels before the pandemic hit), after its recent distribution increase. TSE:TOU opened at C$56.23 on Wednesday. mike rose tourmaline net worth - marconasedkin.de Prior thereto, he was Chairman, President and Chief Executive Officer of Duvernay Oil Corp. (" Duvernay "), a publicly traded oil and gas company (2004-2008). [Gas in Transition, Volume 2, Issue 5] "d": "Brent Crude (UKOIL)" "s": "TVC:USOIL+NYMEX:ICL1!
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