Bullboard - Stock Discussion Forum 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... see more

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TSX:TPZ - Post Discussion

Topaz Energy Corp > Dividend

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Post by Betteryear2 on Jul 29, 2024 6:34pm

Dividend

Topaz's Board approved an increase to the Company's quarterly dividend and declared the third quarter 2024 dividend at $0.33 per share which is expected to be paid on September 27, 2024, to shareholders of record on September 13, 2024. The quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Topaz's 2024 estimated dividend is sustainable down to extremely low commodity prices ($0.01 per mcf natural gas and US$50.00 per bbl crude oil(3)(15)) due to the Company's high-margin, stable infrastructure income and hedging strategy. Based on Topaz's 2024 midpoint royalty production estimate, 18% of natural gas is hedged at a weighted average fixed price of C$3.17 per mcf and approximately 40% of oil and total liquids is protected to a weighted average floor price of C$102.54 per bbl using collar structures to maintain upside price participation(15).