TORC Oil & Gas Ltd. T.TOG

Primary Symbol: VREYD

Energy Oil & Gas E&P

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

TORC Oil & Gas Ltd. > Oil's swan song?

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Post by tracker11on Oct 28, 2020 8:21am

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Post# 31794314

Oil's swan song?

As much of an optimist as I've been about oil and it's future, I must admit that I'm becoming concerned. With oil once again taking it in the chin at under $38 and OPEC's inability to reach a unified consensus regarding output, American rig count increasing, COVID-19'S increasing cases worldwide, the threat of a Biden victory to further jeopardize oil, record o&g bankruptcies in the US with record debt and mergers aimed at efficiencies and break even points have made me decide to leave the sector with a modest loss in TOG and wait it out till next year and see what happens. Good luck to all long investors.

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