Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. President, CEO & Director Marty Staples was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 200.8 million. Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 200.8 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: CAD 25.1
Discount Per Security: CAD 1.004
Transaction Features: Rule 144A Announcement • Mar 03
Topaz Energy Corp., Annual General Meeting, May 06, 2025 Topaz Energy Corp., Annual General Meeting, May 06, 2025. Location: alberta, calgary Canada Announcement • Feb 04
Topaz Energy Corp. (TSX:TPZ) acquired 35% working interest in 40 MMcf/d Natural Gas Processing Facility In Alberta Montney for CAD 43 million. Topaz Energy Corp. (TSX:TPZ) acquired 35% working interest in 40 MMcf/d Natural Gas Processing Facility In Alberta Montney for CAD 43 million on January 31, 2025. The purchase price for the Facility Interest will be funded through Topaz's existing credit facility upon the final commissioning of the Facility Interest and the satisfaction of customary closing conditions.
Topaz Energy Corp. (TSX:TPZ) completed the acquisition of 35% working interest in 40 MMcf/d Natural Gas Processing Facility In Alberta Montney on January 31, 2025. Announcement • Feb 03
Topaz Energy Corp. to Report Q4, 2024 Results on Feb 24, 2025 Topaz Energy Corp. announced that they will report Q4, 2024 results on Feb 24, 2025 Announcement • Dec 11
Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 300.24 million. Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 300.24 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 10,800,000
Price\Range: CAD 27.8
Discount Per Security: CAD 1.112
Transaction Features: Rule 144A Announcement • Nov 26
Tourmaline Oil Corp. has filed a Follow-on Equity Offering in the amount of CAD 241.86 million. Tourmaline Oil Corp. has filed a Follow-on Equity Offering in the amount of CAD 241.86 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 8,700,000
Price\Range: CAD 27.8
Transaction Features: Rule 144A Declared Dividend • Nov 11
Third quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (301% earnings payout ratio) nor is it covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 13% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 234% to bring the payout ratio under control. EPS is expected to grow by 3.2% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.074 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.12 (up from CA$0.074 in 3Q 2023). Revenue: CA$73.6m (down 14% from 3Q 2023). Net income: CA$18.0m (up 68% from 3Q 2023). Profit margin: 25% (up from 13% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 336% Cash payout ratio: 181% Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Recent Insider Transactions • Oct 24
Chairman recently bought €1.3m worth of stock On the 22nd of October, Michael Rose bought around 80k shares on-market at roughly €16.76 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 336% Cash payout ratio: 181% Minor Risk Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Announcement • Oct 22
Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 175.35 million. Topaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 175.35 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: CAD 25.05
Discount Per Security: CAD 1.002
Transaction Features: Regulation S; Rule 144A Announcement • Oct 08
Topaz Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 175.35 million. Topaz Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 175.35 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: CAD 25.05
Discount Per Security: CAD 1.002
Transaction Features: Rule 144A Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.33 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Declared Dividend • Aug 05
Second quarter dividend of CA$0.33 announced Shareholders will receive a dividend of CA$0.33. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 5.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (336% earnings payout ratio) nor is it covered by cash flows (171% cash payout ratio). The dividend has increased by an average of 18% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 273% to bring the payout ratio under control. EPS is expected to grow by 133% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.065 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.12 (up from CA$0.065 in 2Q 2023). Revenue: CA$84.0m (up 13% from 2Q 2023). Net income: CA$17.7m (up 89% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.32 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is paying out 82% of its cash flow. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%). Declared Dividend • May 06
First quarter dividend of CA$0.32 announced Shareholders will receive a dividend of CA$0.32. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (390% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has increased by an average of 17% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 334% to bring the payout ratio under control. EPS is expected to grow by 107% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CA$0.04 (vs CA$0.055 in 1Q 2023) First quarter 2024 results: EPS: CA$0.04 (down from CA$0.055 in 1Q 2023). Revenue: CA$70.9m (down 9.3% from 1Q 2023). Net income: CA$6.20m (down 22% from 1Q 2023). Profit margin: 8.7% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: CA$0.33 (vs CA$0.70 in FY 2022) Full year 2023 results: EPS: CA$0.33 (down from CA$0.70 in FY 2022). Revenue: CA$334.7m (down 9.4% from FY 2022). Net income: CA$47.6m (down 52% from FY 2022). Profit margin: 14% (down from 27% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.31 per share at 6.5% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.9%). Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CA$0.07 (vs CA$0.14 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.07 (down from CA$0.14 in 3Q 2022). Revenue: CA$82.1m (flat on 3Q 2022). Net income: CA$10.8m (down 45% from 3Q 2022). Profit margin: 13% (down from 24% in 3Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 2.7% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Topaz Energy Corp. Declares Fourth Quarter Dividend, Payable on December 29, 2023 Topaz Energy Corp.'s Board has declared the fourth quarter 2023 dividend at $0.31 per share which is expected to be paid on December 29, 2023, to shareholders of record on December 15, 2023. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.31 per share at 5.7% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%). Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. President, CEO & Director Marty Staples was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 305% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.35 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.06 (down from CA$0.35 in 2Q 2022). Revenue: CA$80.3m (down 28% from 2Q 2022). Net income: CA$9.37m (down 81% from 2Q 2022). Profit margin: 12% (down from 45% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Announcement • Aug 01
Topaz Energy Corp. (TSX:TPZ) acquired a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility for CAD 39.5 million. Topaz Energy Corp. (TSX:TPZ) entered into definitive agreements to acquire a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility for CAD 39.5 million on July 27, 2023. Topaz agreed to acquire 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility and associated crude oil battery in the Wembley area (the “Facility Interests”) in addition to gross overriding royalty interests in the Clearwater and Charlie Lake operating areas in Alberta which includes 17,000 gross undeveloped acres (the “Royalty Lands”), for total cash consideration of CAD 39.5 million. 100% of the Facility Interests are supported by a 15-year fixed take-or-pay contractual commitment during which Topaz is not responsible for operating or maintenance costs. The acquisition will be funded through Topaz’s existing credit facility and is expected to close on July 31, 2023, subject to the satisfaction of customary closing conditions.
Topaz Energy Corp. (TSX:TPZ) completed the acquisition of 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility on July 31, 2023. Announcement • Jul 28
Topaz Energy Corp. (TSX:TPZ) entered into definitive agreements to acquire a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility for CAD 39.5 million. Topaz Energy Corp. (TSX:TPZ) entered into definitive agreements to acquire a 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility for CAD 39.5 million on July 27, 2023. Topaz agreed to acquire 49.9% working interest in a newly constructed and commissioned sweet natural gas processing facility and associated crude oil battery in the Wembley area (the “Facility Interests”) in addition to gross overriding royalty interests in the Clearwater and Charlie Lake operating areas in Alberta which includes 17,000 gross undeveloped acres (the “Royalty Lands”), for total cash consideration of CAD 39.5 million. 100% of the Facility Interests are supported by a 15-year fixed take-or-pay contractual commitment during which Topaz is not responsible for operating or maintenance costs. The acquisition will be funded through Topaz’s existing credit facility and is expected to close on July 31, 2023, subject to the satisfaction of customary closing conditions. Announcement • Jun 16
Topaz Energy Corp Appoints Jim Davidson as Directors Topaz Energy Corp. announced at the annual meeting of shareholders of the Company held on June 14, 2023 appointed Jim Davidson as directors. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.30 per share at 5.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: CA$0.05 (vs CA$0.082 in 1Q 2022) First quarter 2023 results: EPS: CA$0.05 (down from CA$0.082 in 1Q 2022). Revenue: CA$78.0m (down 4.1% from 1Q 2022). Net income: CA$7.89m (down 31% from 1Q 2022). Profit margin: 10% (down from 14% in 1Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Oil and Gas industry in Germany. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.30 per share at 6.1% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CA$0.70 (vs CA$0.22 in FY 2021) Full year 2022 results: EPS: CA$0.70 (up from CA$0.22 in FY 2021). Revenue: CA$367.9m (up 74% from FY 2021). Net income: CA$99.4m (up 261% from FY 2021). Profit margin: 27% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Recent Insider Transactions • Dec 31
Chairman recently bought €145k worth of stock On the 28th of December, Michael Rose bought around 10k shares on-market at roughly €14.54 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of €316k worth in shares. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.30 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.0%). Buying Opportunity • Dec 03
Now 21% undervalued Over the last 90 days, the stock is up 8.1%. The fair value is estimated to be €20.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 93%. Revenue is forecast to grow by 11% in a year. Earnings is forecast to grow by 22% in the next year. Recent Insider Transactions • Nov 25
VP of Finance & CFO recently sold €61k worth of stock On the 22nd of November, Cheree Stephenson sold around 4k shares on-market at roughly €16.90 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Cheree has been a net buyer over the last 12 months, purchasing a net total of €25k worth of shares. Board Change • Nov 23
High number of new directors President, CEO & Director Marty Staples was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Nov 12
Independent Corporate Director recently bought €145k worth of stock On the 3rd of November, Darlene Harris bought around 8k shares on-market at roughly €17.52 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €603k more in shares than they have sold in the last 12 months. Buying Opportunity • Nov 05
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €21.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 93%. Revenue is forecast to grow by 11% in a year. Earnings is forecast to grow by 23% in the next year. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: CA$0.14 (vs CA$0.039 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.14 (up from CA$0.039 in 3Q 2021). Revenue: CA$81.7m (up 43% from 3Q 2021). Net income: CA$19.4m (up 287% from 3Q 2021). Profit margin: 24% (up from 8.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Buying Opportunity • Aug 06
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €19.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 139% over the last year. Earnings per share has grown by 450%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 48% in the next year. Announcement • Jul 29
Topaz Energy Corp. Declares Third Quarter Dividend Payable on September 30, 2022 Topaz Energy Corp. has declared the Company's third quarter dividend of $0.28 per share which is expected to be paid on September 30, 2022 to shareholders of record on September 15, 2022. The quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. The company announced an 8% increase to the quarterly dividend which represents the Company's fourth dividend increase to date (40% on a cumulative basis since the IPO) and a current dividend yield of 5.5%. Announcement • Jul 27
Topaz Energy Corp. Reaffirms Production Guidance for the Full Year December 31, 2022 Topaz Energy Corp. reaffirmed production guidance for the full year December 31, 2022. The company's 2022 guidance update maintains the Company's previously announced annual average royalty production estimate of 16,500 to 16,700 boe/d. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: CA$0.35 (vs CA$0.008 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.35 (up from CA$0.008 in 2Q 2021). Revenue: CA$117.9m (up 188% from 2Q 2021). Net income: CA$49.5m (up CA$48.6m from 2Q 2021). Profit margin: 42% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 6.8% growth forecast for the industry in Germany. Recent Insider Transactions • Jun 12
VP of Finance & CFO recently bought €111k worth of stock On the 10th of June, Cheree Stephenson bought around 6k shares on-market at roughly €17.51 per share. In the last 3 months, there was an even bigger purchase from another insider worth €170k. Cheree has been a buyer over the last 12 months, purchasing a net total of €306k worth in shares. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.26 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.4%. Within top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%). Recent Insider Transactions • Jun 02
VP of Finance & CFO recently bought €76k worth of stock On the 31st of May, Cheree Stephenson bought around 4k shares on-market at roughly €17.34 per share. In the last 3 months, there was an even bigger purchase from another insider worth €170k. Cheree has been a buyer over the last 12 months, purchasing a net total of €195k worth in shares. Recent Insider Transactions • May 11
Chairman recently bought €170k worth of stock On the 9th of May, Michael Rose bought around 10k shares on-market at roughly €17.04 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: CA$0.08 (vs CA$0.048 in 1Q 2021) First quarter 2022 results: EPS: CA$0.08 (up from CA$0.048 in 1Q 2021). Revenue: CA$65.5m (up 74% from 1Q 2021). Net income: CA$11.4m (up 113% from 1Q 2021). Profit margin: 17% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 42%, compared to a 51% growth forecast for the industry in Germany. Announcement • May 04
Topaz Energy Corp. Declares Dividend for the Second Quarter of 2022, Payable on June 30, 2022 Topaz Energy Corp. declared the company's second quarter dividend of $0.26 per share which is expected to be paid on June 30, 2022 to shareholders of record on June 15, 2022. The quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. Chairman Mike Rose is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 23
Now 21% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €20.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 112% over the last year. Earnings per share has grown by 550%. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to grow by 120% in the next 2 years. Announcement • Apr 09
Topaz Energy Corp., Annual General Meeting, Jun 16, 2022 Topaz Energy Corp., Annual General Meeting, Jun 16, 2022. Announcement • Apr 02
Topaz Energy Corp. to Report Q1, 2022 Results on May 03, 2022 Topaz Energy Corp. announced that they will report Q1, 2022 results After-Market on May 03, 2022 Announcement • Apr 01
Topaz Energy Corp. (TSX:TPZ) entered into a definitive agreement to acquire Keystone Royalty Corp. from Craig Lothian and others for CAD 85.2 million. Topaz Energy Corp. (TSX:TPZ) entered into a definitive agreement to acquire Keystone Royalty Corp. from Craig Lothian and others for CAD 85.2 million on March 31, 2022. The consideration to Keystone Royalty Corp. for the purchase of its outstanding common shares will be CAD 85.0 million, payable through the issuance of 4,187,193 Topaz shares. Topaz expects to generate approximately CAD 17.0 million of annualized royalty revenue in 2022 from the Keystone Royalty Assets, based on current strip pricing. The Keystone Royalty Acquisition provides future option value through increased leasing opportunities; technological advancements in drilling techniques; and potential exposure to future enhanced oil recovery projects and exploitation of other minerals such as potash, helium and lithium, in each case at no additional cost to Topaz. The Keystone Royalty Acquisition is expected to close during the second quarter of 2022, subject to the satisfaction of customary closing conditions. National Bank Financial Inc. acted as the financial advisor to Keystone for the transaction. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.26 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.5%). In line with average of industry peers (4.7%). Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.22 (up from CA$0.034 in FY 2020). Revenue: CA$205.7m (up 106% from FY 2020). Net income: CA$27.6m (up CA$24.5m from FY 2020). Profit margin: 13% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 40%, compared to a 62% growth forecast for the oil industry in Germany. Recent Insider Transactions • Jan 30
Insider recently bought €59k worth of stock On the 24th of January, Andrew MacDonald bought around 5k shares on-market at roughly €11.86 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €504k more in shares than they have sold in the last 12 months. Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. Chairman Mike Rose is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.24 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS CA$0.04 (vs CA$0.078 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$55.8m (up 82% from 3Q 2020). Net income: CA$5.01m (down 40% from 3Q 2020). Profit margin: 9.0% (down from 27% in 3Q 2020). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Oct 28
Lead Independent Director recently bought €119k worth of stock On the 26th of October, Stephen Larke bought around 10k shares on-market at roughly €11.92 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €277k more in shares than they have sold in the last 12 months. 
