Tourmaline Oil Management
Management criteria checks 4/4
Tourmaline Oil's CEO is Mike Rose, appointed in Aug 2008, has a tenure of 16.25 years. total yearly compensation is CA$5.68M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 4.23% of the company’s shares, worth CA$984.86M. The average tenure of the management team and the board of directors is 6.1 years and 11.3 years respectively.
Key information
Mike Rose
Chief executive officer
CA$5.7m
Total compensation
| CEO salary percentage | 10.6% |
| CEO tenure | 16.3yrs |
| CEO ownership | 4.2% |
| Management average tenure | 6.1yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues
Nov 13
Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Sep 23Tourmaline Oil (TSE:TOU) Has Announced A Dividend Of CA$0.33
Sep 02Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.33
Aug 13Tourmaline Oil's (TSE:TOU) Dividend Will Be CA$0.32
Jun 12Tourmaline Oil (TSE:TOU) Is Due To Pay A Dividend Of CA$0.32
May 29Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
May 02Estimating The Intrinsic Value Of Tourmaline Oil Corp. (TSE:TOU)
Feb 25Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Jan 16Tourmaline Oil Corp.'s (TSE:TOU) Share Price Matching Investor Opinion
Dec 26An Intrinsic Calculation For Tourmaline Oil Corp. (TSE:TOU) Suggests It's 44% Undervalued
Nov 14Tourmaline Oil (TSE:TOU) Seems To Use Debt Quite Sensibly
Oct 06A Look At The Fair Value Of Tourmaline Oil Corp. (TSE:TOU)
Aug 09Tourmaline Oil Corp. (TSE:TOU) Analysts Just Slashed This Year's Estimates
May 05If EPS Growth Is Important To You, Tourmaline Oil (TSE:TOU) Presents An Opportunity
Apr 24Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Mar 26Tourmaline Oil Corp.'s (TSE:TOU) Intrinsic Value Is Potentially 42% Above Its Share Price
Jan 30With EPS Growth And More, Tourmaline Oil (TSE:TOU) Makes An Interesting Case
Jan 16Is Tourmaline Oil (TSE:TOU) Using Too Much Debt?
Dec 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$2b |
| Jun 30 2024 | n/a | n/a | CA$1b |
| Mar 31 2024 | n/a | n/a | CA$2b |
| Dec 31 2023 | CA$6m | CA$600k | CA$2b |
| Sep 30 2023 | n/a | n/a | CA$1b |
| Jun 30 2023 | n/a | n/a | CA$3b |
| Mar 31 2023 | n/a | n/a | CA$4b |
| Dec 31 2022 | CA$5m | CA$600k | CA$4b |
| Sep 30 2022 | n/a | n/a | CA$6b |
| Jun 30 2022 | n/a | n/a | CA$4b |
| Mar 31 2022 | n/a | n/a | CA$2b |
| Dec 31 2021 | CA$6m | CA$600k | CA$2b |
| Sep 30 2021 | n/a | n/a | CA$2b |
| Jun 30 2021 | n/a | n/a | CA$1b |
| Mar 31 2021 | n/a | n/a | CA$902m |
| Dec 31 2020 | CA$5m | CA$600k | CA$618m |
| Sep 30 2020 | n/a | n/a | CA$50m |
| Jun 30 2020 | n/a | n/a | CA$61m |
| Mar 31 2020 | n/a | n/a | CA$196m |
| Dec 31 2019 | CA$3m | CA$600k | CA$320m |
| Sep 30 2019 | n/a | n/a | CA$449m |
| Jun 30 2019 | n/a | n/a | CA$489m |
| Mar 31 2019 | n/a | n/a | CA$360m |
| Dec 31 2018 | CA$3m | CA$600k | CA$401m |
| Sep 30 2018 | n/a | n/a | CA$299m |
| Jun 30 2018 | n/a | n/a | CA$294m |
| Mar 31 2018 | n/a | n/a | CA$377m |
| Dec 31 2017 | CA$3m | CA$450k | CA$347m |
Compensation vs Market: Mike's total compensation ($USD4.07M) is below average for companies of similar size in the Canadian market ($USD7.94M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 16.3yrs | CA$5.68m | 4.23% CA$ 984.9m | |
| CFO & Non-Independent Director | 16.3yrs | CA$3.26m | 0.34% CA$ 79.1m | |
| Chief Operating Officer | less than a year | CA$2.86m | 0.027% CA$ 6.4m | |
| Vice President of Marketing | 7.2yrs | CA$2.66m | 0.015% CA$ 3.5m | |
| Vice President of Exploration | 5yrs | CA$2.12m | 0.011% CA$ 2.7m | |
| Chief Legal Officer & External Affairs | 16.3yrs | no data | no data | |
| Vice President of Capital Markets | less than a year | no data | no data | |
| General Counsel & Corporate Secretary | 3.7yrs | no data | no data |
6.1yrs
Average Tenure
Experienced Management: TOU's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 16.3yrs | CA$5.68m | 4.23% CA$ 984.9m | |
| CFO & Non-Independent Director | 16.3yrs | CA$3.26m | 0.34% CA$ 79.1m | |
| Independent Director | 13.7yrs | CA$190.67k | 0.0033% CA$ 777.4k | |
| Independent Director | 9yrs | CA$190.67k | 0.016% CA$ 3.8m | |
| Independent Director | 16.1yrs | CA$190.67k | 0.12% CA$ 26.9m | |
| Independent Director | less than a year | CA$112.34k | 0.0021% CA$ 481.8k | |
| Lead Independent Director | 13.7yrs | CA$190.67k | 0.024% CA$ 5.6m | |
| Independent Director | 4.4yrs | CA$190.67k | 0.0032% CA$ 737.8k | |
| Independent Director | 7.4yrs | CA$190.67k | 0.0041% CA$ 947.3k | |
| Director | no data | no data | 0.00043% CA$ 100.1k |
11.3yrs
Average Tenure
64yo
Average Age
Experienced Board: TOU's board of directors are seasoned and experienced ( 11.3 years average tenure).