OTCPK:VREYD - Post by User
Post by
MustangMatton Nov 18, 2019 1:33pm
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Post# 30365548
The Nut
The NutTo be truthful I would prefer Eric not to be in the stock. His logic make little sense with reagrd to Torq, he keeps going on about companies buying back stock, at the moment TOG is doing the opposite with the DRIP dilution
I don't think there is any takeover in the works from the CPP
I do think that CPP's ownership growth is a concern. If the share price would move back up say over $6, that would really help lower the DRIP dilution.
I think Torq is going to have to transact over the next year. The Company needs reserve growth, and right now you can buy barrels cheaper then you can develop them. I think they should keep on the path they are on, growing in South Sask. I don't mind if they go big on a buy in 2020 as long as they get a smokin good deal. I also don't mind if they go with the tuck in acquisition method either. The determinate being a really good deal. Cheers Matthew