Topaz Energy (TPZ: TSX) is a Canadian royalty and energy infrastructure company focused on free cash flow generation and sustainable dividend payments to shareholders. Topaz was established in 2019 through a strategic partnership and asset acquisition from Tourmaline Oil. The initial acquisition was comprised of a gross overriding royalty interest (GORR) on approximately 90% of Tourmaline’s developed and undeveloped lands, a non-operating joint interest in 45% of Tourmaline’s natural gas producing facilities (including long term “take-or-pay” commitments), and an interest in third-party processing and handling agreements.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®