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Topaz Energy Corp T.TPZ

Alternate Symbol(s):  TPZEF

Energy Oil & Gas E&P
Topaz Energy Corp. is a royalty and infrastructure energy company. The Company is focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada's natural gas producer, Tourmaline Oil Corp. Its asset portfolio is made up of royalty interests across approximately six million gross acres in the Western Canadian Sedimentary Basin (WCSB). Its assets are strategically located throughout Canada's resource plays, including NEBC Montney, Alberta Clearwater, Deep Basin, Peace River (Charlie Lake), Central Alberta, Southeast Saskatchewan and Manitoba. Its segments include royalty production and infrastructure. Its facilities provide services to customers on a fee-for-service basis, including natural gas processing and water usage, storage and disposal. The Company also invests in environmentally responsible oil assets. It also has working interest in the Musreau Facility.


TSX:TPZ - Post by User

Topaz Energy Corp
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Post by JohnSPon May 01, 2023 8:07pm
160 Views
Post# 35424027

May 1 2023: Q1 Results

May 1 2023: Q1 ResultsResults PR is here: https://topazwebsite.cdn.prismic.io/topazwebsite/5fbdd26e-9c2a-4b42-82e7-17f32e7207a2_Topaz+Q1+2023+news+release+-+May+1_+2023+vF.pdf

Results updated May 2023 Presentation is here: https://topazwebsite.cdn.prismic.io/topazwebsite/675129ae-0f1c-4d22-acd3-a5061283754d_Topaz+Q1+2023+Corporate+Update+vFinal.pdf

No dividend raise, still CAD0.30 per quarter, but "Topaz’s estimated 2023 dividend payout ratio(1) of approximately 60%(3) remains at the low end of the Company’s targeted long-term payout ratio of 60-90% in order to retain Excess FCF(1) for self-funded M&A growth and further dividend increases."

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