Jefferies’ Sam Burwell Reiterates Buy on Topaz Energy After Strong Q1 Beat and Dividend Hike, Citing Royalty and Infrastructure Strength
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Jefferies' Sam Burwell has reiterated a Buy rating on Topaz Energy Corp, setting a price target of C$35.00. This decision follows a strong Q1 performance, with cash flow and production exceeding expectations. Burwell noted a 3% dividend increase and highlighted the company's royalty and infrastructure strengths, as well as its potential for growth through acquisitions. BMO Capital also maintains a Buy rating with a slightly higher price target of C$35.50.
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