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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 tracker11on Dec 09, 2020 6:10am
305 Views
Post# 32065346

Buyout...

Buyout...
Why would anyone disagree or be against this merger? With the combined synergies of both WCP and TOG, the future upside is far better and achievable than each company going at it alone. Survival in today's oil market means consolidation and low cost production. In my opinion, 0.57 WCP shares for each share of TOG is reasonable (calculated based on the indicated time period) and if WTI reaches the $50 - $60 level, converted TOG shareholders will be rewarded.
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