Andrew MacDonald - Tourmaline Oil Lead Independent Director
| TOU Stock | CAD 66.08 0.09 0.14% |
Director
Mr. Andrew B. MacDonald is an Independent Director of Tourmaline Oil Corporationration Mr. MacDonald was an independent businessman since January 2009. Prior thereto, he was the CoHead of Canadian Equities and Portfolio Manager with Phillips, Hager North Investment Management, where he was responsible for client investments in the energy sector. He began his career as a well site geologist and has worked in the investment business for over 30 years. He worked for 23 years as an investmentportfolio manager and has extensive experience in financial statement analysis, corporate governance, and compensation. He has served on the boards of various charitable organizations including the John Howard Society of Toronto since 2019.
| Age | 59 |
| Tenure | 5 years |
| Address | 250 ? 6th Avenue S.W., Calgary, AB, Canada, T2P 3H7 |
| Phone | 403 266 5992 |
| Web | https://www.tourmalineoil.com |
Tourmaline Oil Management Efficiency
The company has return on total asset (ROA) of 0.0625 % which means that it generated a profit of $0.0625 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1146 %, meaning that it generated $0.1146 on every $100 dollars invested by stockholders. Tourmaline Oil's management efficiency ratios could be used to measure how well Tourmaline Oil manages its routine affairs as well as how well it operates its assets and liabilities. As of the 30th of November 2024, Return On Tangible Assets is likely to grow to 0.09. Also, Return On Capital Employed is likely to grow to 0.13. At this time, Tourmaline Oil's Total Assets are very stable compared to the past year. As of the 30th of November 2024, Other Current Assets is likely to grow to about 592.6 M, while Non Current Assets Total are likely to drop about 9.5 B.Similar Executives
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Management Performance
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0625 |
Tourmaline Oil Corp Leadership Team
Elected by the shareholders, the Tourmaline Oil's board of directors comprises two types of representatives: Tourmaline Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tourmaline. The board's role is to monitor Tourmaline Oil's management team and ensure that shareholders' interests are well served. Tourmaline Oil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tourmaline Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lee Baker, Independent Director | ||
| Phillip Lamoreaux, Independent Director | ||
| Michael Rose, Chairman of the Board, President, Chief Executive Officer, Director | ||
| Ronald Hill, Vice President - Exploration | ||
| Colin Frostad, Vice President Exploration | ||
| Michael PGeol, President Board | ||
| Drew Tumbach, Vice President - Land and Contracts | ||
| Earl McKinnon, Vice President - Drilling and Completions Operations | ||
| Lucy Miller, Independent Director | ||
| W Kirker, General Counsel, Secretary | ||
| Allan Bush, Chief Operating Officer, Vice President - Operations | ||
| James Heard, Vice Markets | ||
| Sherra Aspin, Vice President of Marketing | ||
| Sarah Tait, Controller | ||
| Brian Robinson, Chief Financial Officer, Vice President - Finance, Director | ||
| Jill Angevine, Independent Director | ||
| Katie Beck, General Secretary | ||
| William Kirker, Chief Affairs | ||
| Ronald Wigham, Independent Director | ||
| William Armstrong, Independent Director | ||
| Andrew MacDonald, Lead Independent Director | ||
| John Elick, Independent Director |
Tourmaline Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Tourmaline Oil a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0625 | ||||
| Profit Margin | 0.35 % | ||||
| Operating Margin | 0.53 % | ||||
| Current Valuation | 24.92 B | ||||
| Shares Outstanding | 371.51 M | ||||
| Shares Owned By Insiders | 5.13 % | ||||
| Shares Owned By Institutions | 47.70 % | ||||
| Number Of Shares Shorted | 6.03 M | ||||
| Price To Earning | 35.45 X |
Pair Trading with Tourmaline Oil
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tourmaline Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Tourmaline Stock
| 0.79 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.64 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.65 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.68 | ENS | E Split Corp | PairCorr |
| 0.7 | ENS-PA | E Split Corp | PairCorr |
Moving against Tourmaline Stock
The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tourmaline Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tourmaline Oil Corp to buy it.
The correlation of Tourmaline Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tourmaline Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tourmaline Stock
Tourmaline Oil financial ratios help investors to determine whether Tourmaline Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tourmaline with respect to the benefits of owning Tourmaline Oil security.