Top Pick (Topaz)Last stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/dennis-da-silva-s-top-picks~2235987
Topaz Energy (TPZ TSX) (June 2021,$16): IPO from Tourmaline completed in late 2020. Unique partnership with Tourmaline owning 50 per cent of this hybrid royalty/infrastructure company that has done most of its recent deals as a way to fund E&P acquisitions such as with Tourmaline and Tamarack Valley. Unique asset base (80 per cent gas) which is underscored by a stable income stream, pristine balance sheet, and exposure to a top tier asset portfolio in North America. This supports a combination of growth and low volatility income that is rare to find in energy today. Ideal M&A environment with rising prices. Revenue tied to some of the most active areas in the basin by companies with strong operational track records.
TOP PICK
Topaz Energy
(TPZ-T)
July 6, 2021
It's a unique royalty infrastructure company. It's heavily tied to some of the most aggressive top-tier plays through Tourmaline or Tamarack among others. A top play for steady growth and income in the energy space (Analysts’ price target is $19.71)
Dennis da Silva
Price
$17.510
Owned
Yes