TSX:TPZOil and Gas
Topaz Energy (TSX:TPZ) Stock Richly Priced Despite Strong Royalty Cash Flow
Topaz Energy stock closed at CA$31.55 on July 28, roughly flat over the past three months, yet the latest quarter gives long term holders more to think about than the daily quote suggests. The headline is simple: Q2 produced CA$111.2m of total revenue and CA$0.34 in basic earnings per share, alongside strong cash generation and a higher royalty production outlook.
In the very near term the market is weighing a premium 33.7x P/E and a 4.31% yield that lacks full earnings and free cash flow...