OTCPK:VREYD - Post by User
Comment by
Ferukon Jul 17, 2013 4:35pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
224 Views
Post# 21613921
RE:RE:New Assets Non-Op
RE:RE:New Assets Non-OpRe-read the press release and see if you can find the working interest in the assets they bought. Unlike most transaction press releases, it's not contained anywhere. Well, the working interest of the assets they bought from Pengrowth is... 48% on average! A third party operates a majority (if not all) of the assets. So when Torc talks about how great the number of unbooked locations is, what does it matter? They are not the ones picking locations or speed of development. The operator will control all that. Torc probably just elects to participate or not. The assets are fine if you just wanna sit back, pay a dividend, and do nothing, but for a growth company (which this used to be) this deal sucks.