Post by
Westcoastenergy on Apr 16, 2024 12:32pm
Canaccord also like TPZ
$28.50 target
Additionally, we also reiterate our two recent top picks (see our April 8, 2024 top picks refresh here) in the energy sector with WCP and TPZ. As we’ve previously highlighted, WCP provides investors with, in our view, a sustainable ~7.0% dividend while growing its production base by ~5% per year (CAGR) through 2028 and has the depth of inventory to facilitate this (~19 years of drilling inventory). Despite our continued hesitance towards natural gas in general, TPZ offers an opportunity to maintain exposure to the commodity (and the recovery in prices) while providing comfort in the defensive nature of the royalty model.