Topaz Energy is focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders. The company’s unique business model is supported by its conservative capital structure and significant free cash flow which together provide financial flexibility to strategically execute M&A in the current, opportunity rich environment.
Topaz was established through its key counterparty, Tourmaline Oil Corp., from whom Topaz acquired its formative royalty and energy infrastructure assets in November 2019. Topaz has identified value drivers for its royalty and energy infrastructure businesses which it believes to be critical success factors for sustainability and profitability.
The strategic relationship with Tourmaline underpins strong growth prospects due to a proven track record and outlook transparency. Topaz’s infrastructure assets are supported by long-term, fixed fee take-or-pay commitments which provide significant, low-risk dividend coverage. Most of the free cash flow will be used to pay dividends with a long-term payout ratio target of 60 – 90%. Its conservative capital structure provides strategic flexibility to advance its growth trajectory in an opportunity rich environment.
Stock Chart & Metrics
- Ticker: TSE:tpz
- Sector: Energy
- Industry: Oil & Gas Midstream
- Market Cap: 3.60B
- Market Cap Group: Mid Cap
- P/E: 67.16
- Dividend Yield: 5.31%
- Grade: A
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 8/10
- Dividend Income Fit: 7/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| ENB | TSE:ENB | Enbridge | 111.85 | 19.78 | 6.96 | YES | 1 | 5 | 71 |
| TRP | TSE:TRP | TC Energy | 61.51 | 17.91 | 6.48 | YES | 1 | 5 | 71 |
| WMB | NYSE:WMB | Williams Companies, Inc. | 51.43 | 17.81 | 4.50 | NO | 1 | 5 | 71 |
| OKE | NYSE:OKE | ONEOK Inc. | 46.79 | 18.91 | 4.94 | NO | 1 | 5 | 71 |
| KMI | NYSE:KMI | Kinder Morgan Inc | 45.90 | 18.80 | 5.56 | NO | 1 | 5 | 71 |
| PPL | TSE:PPL | Pembina Pipeline | 30.68 | 17.02 | 5.21 | YES | 1 | 5 | 71 |
| KEY | TSE:KEY | Keyera Corp | 8.71 | 24.53 | 5.26 | NO | 1 | 5 | 71 |
| TPZ | TSE:TPZ | Topaz Energy | 3.60 | 67.16 | 5.31 | NO | 1 | 5 | 71 |
| GEI | TSE:GEI | Gibson Energy | 3.46 | 20.10 | 7.70 | NO | 1 | 5 | 71 |
Topaz Energy - FAQ
What is the stock ticker for Topaz Energy?
The stock ticker for Topaz Energy is TSE:tpz.
Is Topaz Energy a good stock to buy?
You need to consider your investment strategy and how TSE:tpz can fit in your portfolio.
The current dividend income score of 7/10 and dividend growth score of 8/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Topaz Energy a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 65 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Topaz Energy?
You can easily buy the TPZ stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.