Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

TORO OIL AND GAS LTD V.TOO

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


TSXV:TOO - Post by User

Post by stoneycurtison Oct 21, 2016 1:20pm
216 Views
Post# 25371527

wow!

wow!Quite the pop from these guys over the past couple of days. I guess Mr. Olson's appearance on BNN would be the only catalyst for that. However, when I posted last time and said their Q2 MD&A was laughable, I am still holding to it. I suspect there will be a lot of buyers remorse here. A CEO said exactly what you would have expected him to say in an interview - all positives. However, every single quarter they have released indicates negative cash flow. Add to that the incredible dilution with their last financing and I am not sold on this company. Have they really cut their costs so that they will be cash flow positive? Q3 will be out in about 4 or 5 weeks. I'll believe it when I see it, but to me, Mr. Olson's pitch yesterday was a used car salesmen pitch and not much more......I could be eating crow...but need to see results...Capex of $25 million last year that added not much production....that's not results folks....


<< Previous
Bullboard Posts
Next >>