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TORC Oil & Gas Ltd. 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 OstrichINVon Dec 11, 2020 2:57pm
364 Views
Post# 32090097

Whitecap TORC Merger

Whitecap TORC MergerI put together a few thoughts on the merger in the video link below.  Agree with some of the other comments - TORC will be part of a stronger pro forma entity.  For Whitecap,  one of the big benefits is improving leverage ratios (NAL + TORC) takes their debt/EBITDA multiple below 2x.  

https://www.youtube.com/watch?v=9N7bv_YiUsA&t=336s

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