Topaz Energy (TPZ)

Topaz Energy (TPZ)

Topaz Energy (TPZ) 

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Chairman Mike Rose at natural gas tilted Topaz Energy (TPZ) spent just over $250,000 buying shares last week. Topaz uses a royalty model with oil & gas assets from southwestern Manitoba to northeastern BC, which generally include non-operated royalty interests in exploration & production assets as well as stakes in natural gas infrastructure. Topaz's average royalty production in Q1 2022 was 16,122 barrels of oil equivalent a day (78% natural gas) versus 11,743 boe/d (92% natural gas) a year earlier. On a dollar basis, however, liquids represented 50.6% of the $65.7 million in Q1 production revenue. Processing revenue accounted for $13.1 million in Q1, up from $10.5 million a year earlier. Topaz has royalties on about 5.8 million gross acres, over half of which are undeveloped. If the energy bull market continues, Topaz appears to have plenty of open seas ahead.

On May 9th, Topaz Energy (TPZ) Board Chairman Mike Rose bought 10,000 shares at $23.31 in the public market. He no holds 433,470 shares representing 0.3% of all shares outstanding. Mr. Rose also bought 20,000 shares of Tourmaline Oil (TOU) last week where he is CEO. Topaz Energy currently holds a sunny INK Edge outlook on the equally weighted V.I.P. criteria of valuations, insider commitment, and price momentum which places it in the top 10% of all stocks ranked. INK outlook categories are designed to identify groups of stocks that have the potential to out or underperform the market. However, any individual stock could surprise on the up or downside. As such, outlook categories are not meant to be stock-specific recommendations. For background on our INK Edge outlook, please visit our FAQ #3 at inkresearch.com.

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