Latest news for Topaz Resources (OTC:TOPZ) Stock

Topaz Resources Inc is an independent oil and gas company. It focuses on production, acquisitions and developmental drilling opportunities within producing areas of north, central and west Texas. The company operates in the United States.

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Topaz Resources, Inc. (OTC: TOPZ) has exposure to the growth of Tourmaline Oil (OTC: TRMLF) and a rise in natural gas prices, according to BMO Capital Markets.

BMO initiates Topaz Resources With Bullish Rating

TOPAZ RESOURCES INC by Topaz Resources, Inc.

Topaz Resources Inc

Topaz Resources

Topaz Resources, Inc. (OTC:<a class="ticker" href="/stock/TOPZ#OTC">TOPZ</a>) has exposure to the growth of Tourmaline Oil (OTC:<a class="ticker" href="/stock/TRMLF#OTC">TRMLF</a>) and a rise in natural gas prices, according to BMO Capital Markets.

The Topaz&nbsp;Analyst: Ray Kwan initiated coverage of Topaz Resources with an Outperform rating, with a price target of $17.

The Topaz&nbsp;Thesis: Topaz Resources is a &ldquo;low-risk, high distribution energy company,&rdquo; Kwan said.

&ldquo;With the company flush with &gt;$140 million in cash, we believe Topaz will continue to be active on the acquisition front, further accelerating cash flow per share growth, and differentiating itself from its peers, which generally have struggled to show positive growth during this downturn,&rdquo; the analyst wrote in the note.

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Latest news for Topaz Resources (OTC:TOPZ) Stock

Friday, November 13, 2020

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