OTCPK:VREYD - Post Discussion
Post by
retiredcf on Sep 19, 2020 7:00am
Nuttall Details
First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2038642
TORC Oil & Gas (TOG TSX)
TORC is a Canadian small-cap oil producer that is being completely ignored by the markets as most investors flock to the perceived safety of the large caps. Led by a management team known for conservatism and with the backing of the CPP (30 per cent owner), Torc is well positioned to take advantage of the coming M&A cycle driven by banks forcing consolidation and private backers wanting liquidity. Trading at 2.9/2.2 times enterprise value to cash flow (EV/CF) at $50/$60 WTI and at a 36/62 per cent free cash flow yield, TORC offers significant torque to a more bullish oil price outlook with a targeted upside of 153/283 per cent at a five times multiple of cashflow at $50/$60 WTI.
TOP PICK
Torc Oil & Gas Ltd (TOG-T)
September 18, 2020
It is well-positioned to benefit from the potential M&A wave. They are backed by CPP. It is a cashflow machine. A name that has meaningful upside once people want to own the sector. (Analysts’ price target is $2.58)
Eric Nuttall
Price
$1.500
Owned
Yes
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