Tourmaline Oil Corp.

TSX:TOU Stock Report

Market Cap: CA$22.7b

Tourmaline Oil Management

Management criteria checks 4/4

Tourmaline Oil's CEO is Mike Rose, appointed in Aug 2008, has a tenure of 16.33 years. total yearly compensation is CA$5.68M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 4.21% of the company’s shares, worth CA$954.91M. The average tenure of the management team and the board of directors is 6.2 years and 11.4 years respectively.

Key information

Mike Rose

Chief executive officer

CA$5.7m

Total compensation

CEO salary percentage10.6%
CEO tenure16.3yrs
CEO ownership4.2%
Management average tenure6.2yrs
Board average tenure11.4yrs

Recent management updates

Recent updates

Market Participants Recognise Tourmaline Oil Corp.'s (TSE:TOU) Earnings

Dec 19
Market Participants Recognise Tourmaline Oil Corp.'s (TSE:TOU) Earnings

Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues

Nov 13
Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues

Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly

Sep 23
Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly

Tourmaline Oil (TSE:TOU) Has Announced A Dividend Of CA$0.33

Sep 02
Tourmaline Oil (TSE:TOU) Has Announced A Dividend Of CA$0.33

Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.33

Aug 13
Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.33

Tourmaline Oil's (TSE:TOU) Dividend Will Be CA$0.32

Jun 12
Tourmaline Oil's (TSE:TOU) Dividend Will Be CA$0.32

Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.32

May 29
Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.32

Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?

May 02
Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?

Estimating The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)

Feb 25
Estimating The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)

Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?

Jan 16
Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?

Tourmaline Oil Corp.'s (TSE:TOU) Share Price Matching Investor Opinion

Dec 26
Tourmaline Oil Corp.'s (TSE:TOU) Share Price Matching Investor Opinion

CEO Compensation Analysis

How has Mike Rose's remuneration changed compared to Tourmaline Oil's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$2b

Jun 30 2024n/an/a

CA$1b

Mar 31 2024n/an/a

CA$2b

Dec 31 2023CA$6mCA$600k

CA$2b

Sep 30 2023n/an/a

CA$1b

Jun 30 2023n/an/a

CA$3b

Mar 31 2023n/an/a

CA$4b

Dec 31 2022CA$5mCA$600k

CA$4b

Sep 30 2022n/an/a

CA$6b

Jun 30 2022n/an/a

CA$4b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$6mCA$600k

CA$2b

Sep 30 2021n/an/a

CA$2b

Jun 30 2021n/an/a

CA$1b

Mar 31 2021n/an/a

CA$902m

Dec 31 2020CA$5mCA$600k

CA$618m

Sep 30 2020n/an/a

CA$50m

Jun 30 2020n/an/a

CA$61m

Mar 31 2020n/an/a

CA$196m

Dec 31 2019CA$3mCA$600k

CA$320m

Sep 30 2019n/an/a

CA$449m

Jun 30 2019n/an/a

CA$489m

Mar 31 2019n/an/a

CA$360m

Dec 31 2018CA$3mCA$600k

CA$401m

Sep 30 2018n/an/a

CA$299m

Jun 30 2018n/an/a

CA$294m

Mar 31 2018n/an/a

CA$377m

Dec 31 2017CA$3mCA$450k

CA$347m

Compensation vs Market: Mike's total compensation ($USD3.96M) is below average for companies of similar size in the Canadian market ($USD7.76M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Rose (66 yo)

16.3yrs

Tenure

CA$5,684,223

Compensation

Mr. Michael L. Rose, also known as Mike, P.Geol., founded Tourmaline Oil Corp. in August 2008 and has been its Chief Executive Officer and President since then. Mr. Rose served as Chief Executive Officer a...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Rose
Chairman of the Board16.3yrsCA$5.68m4.21%
CA$ 954.9m
Brian Robinson
CFO & Non-Independent Director16.3yrsCA$3.26m0.34%
CA$ 76.8m
Earl McKinnon
Chief Operating Officerless than a yearCA$2.86m0.028%
CA$ 6.3m
Sherra Aspin
Vice President of Marketing7.3yrsCA$2.66m0.015%
CA$ 3.5m
Colin Frostad
Vice President of Exploration5.1yrsCA$2.12m0.012%
CA$ 2.7m
William Kirker
Chief Legal Officer & External Affairs16.3yrsno datano data
James Heard
Vice President of Capital Marketsless than a yearno datano data
Katie Beck
VP of Legal3.8yrsno datano data

6.2yrs

Average Tenure

Experienced Management: TOU's management team is seasoned and experienced (6.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Rose
Chairman of the Board16.3yrsCA$5.68m4.21%
CA$ 954.9m
Brian Robinson
CFO & Non-Independent Director16.3yrsCA$3.26m0.34%
CA$ 76.8m
Lee Allan Baker
Independent Director13.8yrsCA$190.67k0.0033%
CA$ 755.0k
Jill Angevine
Independent Director9.1yrsCA$190.67k0.016%
CA$ 3.6m
William Armstrong
Independent Director16.2yrsCA$190.67k0.12%
CA$ 26.1m
Christopher Lee
Independent Director1.1yrsCA$112.34k0.0021%
CA$ 467.0k
Andrew MacDonald
Lead Independent Director13.8yrsCA$190.67k0.024%
CA$ 5.5m
Janet Weiss
Independent Director4.5yrsCA$190.67k0.0032%
CA$ 716.4k
Lucy Miller
Independent Director7.5yrsCA$190.67k0.0040%
CA$ 918.2k
Travis Toews
Directorless than a yearno data0.00043%
CA$ 97.5k

11.4yrs

Average Tenure

64yo

Average Age

Experienced Board: TOU's board of directors are seasoned and experienced ( 11.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tourmaline Oil Corp. is covered by 27 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Capital Markets
Anthony LintonBarclays