TORO OIL AND GAS LTD V.TOO

Energy Oil & Gas E&P

"Toro Oil & Gas Ltd is engaged in the acquisition, exploration, exploitation, development and production & transportation of oil & natural gas reserves."

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TORO OIL AND GAS LTD > Viking wells......TOO and RRX

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Comment by Albanianon Mar 09, 2016 8:52pm

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Post# 24641630

RE:Viking wells......TOO and RRX

invest99 wrote: Hopefully, TOO will be acquired by RRX but primarily, TOO must reduce its costs (i.e. production expenses) and improve the economics of its Viking wells. TOO announced recently that it will defer its Viking program in 2016 until oil prices improve.

Truth is though that picking potential takeover targets from the energy patch helps investors hit outsized returns. And I think that YO (Yoho Resources) is much closer to a deal than TOO. TOO has still a lot of work to do to lure the suitors, while YO is debt-free with cash thanks to the recent Duvernay deal.

Hasn't Yoho been selling assets ? Toro has been taking this time to acquire more land in this downturn. Their reserves are growing and soon as market turns this is gonna turn into a little monster of a company. Their debt is minimal and I highly doubt Managment would even consider selling.