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 Westcoastenergyon Nov 06, 2024 9:59am

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Post# 36298653

RBC increases target from $30 to $32

From today's online Globe and Mail:
" RBC’s Michael Harvey increased his target for Topaz Energy Corp. (

TPZ-T

+0.87%

) to $32 from $30 with an “outperform” rating. The average is $31.46.

“Topaz delivered a solid quarter which featured in-line CFPS and royalty production, with the impact of lower gas prices offset by robust liquids pricing and increasing infrastructure contribution. Our bullish stance toward TPZ shares reflects tailwinds within the company’s core plays (Montney/Clearwater) and the potential for continued multiple expansion. Topaz resides on RBC’s Global Energy Best Ideas List,” said Mr. Harvey."

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