TSE:TPZ

Topaz Energy (TPZ.TO)

32.49
+0.33 (1.03%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 1, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

Topaz Energy (TPZ-T) is highlighted by multiple analysts as a unique hybrid company that combines a royalty structure with long-term energy infrastructure assets, primarily focused on gas. The management team is praised for its strong connections and capital allocation skills, contributing to its stable growth and income generation. Reviews indicate that the company is well-positioned within the Clearwater basin and benefits from infrastructure spending in Canada, which creates a supportive business environment. The reviews reflect a consensus on the company's health, with expected total shareholder returns around 13-14% thanks to dividends and excess free cash flow. Overall, Topaz Energy is viewed as a conservative investment in a fluctuating market, with a steady yield around 5%.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TRP
BUY
Company does not have to worry about inflation of service costs (royalty business). Royalty business benefiting from rise in energy prices. Very strong business with excellent prospects and strong management.
BUY
Believes dividend is safe. Quality company with good management team. Lots of positive news (strong finances). Would continue to own shares. Outlook for energy is strong.
BUY
Well managed company. Recent acquisition of Clearwater royalty a plus. Preference is for Freehold (higher yield) and USA exposure. Second pick would be Topaz after Freehold.
PAST TOP PICK
(A Top Pick Oct 18/21, Up 17%) It is an energy infrastructure and energy royalty company and therefore a lower risk play. It did a good acquisition and raised its dividend today. The stock can grow 10 to 15% per year if commodity prices remain strong so he continues to buy.
WEAK BUY
Royalty structure. Good exposure to natural gas production in western Canada. Benefits from phenomenal TOU management. Just buy TOU instead for long-term growth for the next couple of years, unless you want the dividend that TPZ provides. Both should do well. He owns CNQ and WCP instead.
PAST TOP PICK
(A Top Pick Jul 06/21, Up 16%) Unique hybrid of royalties and infrastructure. Good exposure to some of the best plays in Canada. Wants to increase infrastructure for balance. Core holding. Yield is just over 5%, sees continuing growth in the dividend.
BUY
Spun out of Tourmaline, a top nat gas company. They're consolidating a big land mass in western Canada with some of the best nat gas fields in the world. Topaz is the vehicle that allows TOU to offload production into a cash-flow vehicle to free capital and drill more wells. The energy patch is undervalued. Nat gas has very strong pricing now. This looks good for the next 6-12 months.
TOP PICK
Infrastructure spun out from Tourmaline, a favourite oil company. They also derive royalties from Tourmaline's lands. It's a hybrid royalty-infrastructure company which removes a lot of the risk of an energy company. It yields 4.5% and they raise it yearly. M&A are coming, says management, perhaps infrastructure or royalties assets. He expects 10% growth + the divvy. (Analysts’ price target is $28.86)
TOP PICK
It is prudent to have an oil and gas pick with commodity prices where they are currently. He is constructive on this sector for the next 12 months. It is a royalty company. Their partners are strong names. (Analysts’ price target is $21.75)
PARTIAL BUY

Tourmaline still owns some TPZ which he expects for them to continue to divest. 5% dividend. Good steady performer. If you want more torque, you might want to look elsewhere.

TOP PICK

It's a unique royalty infrastructure company. It's heavily tied to some of the most aggressive top-tier plays through Tourmaline or Tamarack among others. A top play for steady growth and income in the energy space (Analysts’ price target is $19.71)

BUY

A royalty play, and a spinoff of TOU, which it still has a stake in. Look at TPZ if you want a more defensive exposure to energy for growth, dividends, and exposure to the commodity price.

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