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TORC Oil & Gas Ltd. T.TOG


Primary Symbol: VREYD

TORC Oil & Gas Ltd engages in the exploration, development, and production of oil and natural gas reserves in the southeast Saskatchewan area. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets. TORC gains access to its assets through government issued royalties and uses various techniques to identify hydrocarbon reservoirs. The company focuses heavily on light oil resource plays and relies on a three-phased strategy of resource capture, delineation, and production growth.


OTCPK:VREYD - Post by User

Post by retiredcfon May 24, 2017 7:07am
275 Views
Post# 26276033

Analyst Comment

Analyst CommentBear in mind that he doesn't currently own any Canadian energy companies. GLTA

https://www.bnn.ca/video/eric-nuttall-discusses-torc-oil-gas~1130564

2017-05-23 COMMENT Eric Nuttall
 
A great management team. They are able to grow production down to about $45 oil, and continue to pay their dividend. High quality assets and pretty good inventory life, but their growth rate isn’t sexy enough to get investors to stampede back in. He expects to make his money from services in his US R&P, and plow profits back into Canada maybe later this year or early 2018.
 
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Price:
$6.120
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
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