Topaz Energy Corp TPZEF

Primary Symbol: T.TPZ

Energy Oil & Gas E&P

Topaz Energy Corp. is a Canada-based royalty and infrastructure energy company. The Company is primarily focused on developing its business by acquiring and developing relationship with natural gas producers, such as Tourmaline Oil Corp. It owns gross overriding royalty (GORR) interests on approximately 5.3 million acres of land located throughout the prolific natural gas plays in the Western Canadian Sedimentary Basin (WCSB). The Company has royalty interests in the Clearwater and Charlie Lake operating areas of Alberta, as well as working interest in a sweet natural gas processing facility and associated crude oil battery in the Wembley area. It has GORR interests on over 380 thousand acres of land located in the Clearwater area in Alberta. Its assets are located throughout Canada's resource plays, such as the NEBC Montney, Alberta Deep Basin, Central Alberta, Peace River High area of British Columbia/Alberta, Alberta Clearwater, Saskatchewan Weyburn and Manitoba.

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Topaz Energy Corp

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Post by savyinvestor333on Jun 09, 2021 8:15am

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Post# 33353821

From the G&M this morning 4 Upgrades

After the closing of a $175-million bought deal equity offering and a 16-per-cent increase to 2021 EBITDA guidance, RBC Dominion Securities analyst Luke Davis upgraded Topaz Energy Corp. (

TPZ-T

+2.89%

to “outperform” from “sector perform” with a $19 target, up from $17.50. The average is $18.65.

Elsewhere, iA Capital Markets analyst Elias Foscolos raised his target by $1 to $20 with a “buy” rating, pointing to “numerous tailwinds, including low debt, high margins, and strategic positioning ingrowth production areas.”

Others making changes include:

* Scotia Capital’s Cameron Bean to $21 from $20 with a “sector outperform” rating.

* BMO Nesbitt Burns’ Ray Kwan to $18 from $17 with an “outperform” rating.