Jill Angevine - Tourmaline Oil Independent Director

TOU Stock  CAD 66.08  0.09  0.14%   

Director

Ms. Jill T. Angevine is a Independent Director of the Company., effective November 4, 2015. Ms. Angevine was a director of Tourmaline since November 4, 2015. Ms. Angevine is a Vice President and Portfolio Manager at Matco Financial Inc. with over 20 years of investment and research experience. Ms. Angevine also serves on the boards of Chinook Energy Inc. and Advantage Oil and Gas Ltd. Prior to joining Matco Financial, Ms. Angevine was Vice President and Director, Institutional Research at FirstEnergy Capital Corp since 2015.
Age 51
Tenure 9 years
Professional MarksCFA
Address 250 ? 6th Avenue S.W., Calgary, AB, Canada, T2P 3H7
Phone403 266 5992
Webhttps://www.tourmalineoil.com
Angevine graduated from the University of Calgary in 1989, having earned a Bachelor of Commerce and has earned the Chartered Accountant, the Chartered Financial Analyst, and the Institute of Corporationrationrationrate Directors designations.

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.
Tourmaline Oil Corp has accumulated 1.13 B in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Tourmaline Oil Corp has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Tourmaline Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Tourmaline Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tourmaline Oil Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tourmaline to invest in growth at high rates of return. When we think about Tourmaline Oil's use of debt, we should always consider it together with cash and equity.

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Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. The company was incorporated in 2008 and is headquartered in Calgary, Canada. TOURMALINE OIL operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 322 people. Tourmaline Oil Corp (TOU) is traded on Toronto Exchange in Canada and employs 389 people. Tourmaline Oil is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

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.

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

  0.79ENB-PFV Enbridge Pref 5PairCorr
  0.64ENB-PFC Enbridge Pref 11PairCorr
  0.65ENB-PFU Enbridge Pref LPairCorr
  0.68ENS E Split CorpPairCorr
  0.7ENS-PA E Split CorpPairCorr

Moving against Tourmaline Stock

  0.51SAGE Sage Potash CorpPairCorr
  0.4SCD Scandium CanadaPairCorr
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.
Pair CorrelationCorrelation Matching

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.