Bullboard - Stock Discussion Forum TORC Oil & Gas Ltd. VREYD

Energy Oil & Gas E&P

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... see more

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TORC Oil & Gas Ltd. > Analyst Comment

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Post by retiredcf on Dec 16, 2020 6:54am

Analyst Comment

https://www.bnnbloomberg.ca/video/bill-harris-discusses-whitecap-resources~2101398

COMMENT

Whitecap Resources

(WCP-T)

December 15, 2020

WCP buying TORC Oil Like with Suncor, we've had a relief rally in oil and cyclicals. Instead of vibrant competition in this industry, all this pressure on oil will reduce this space to a handful of names. He's looking for the highest free-cash flow producers at their lows. WCP gets stronger with this merger and should see a valuation bump. He'dd love to see WCP easily go 50-100% higher, but this will happen only if money outside the sector drives it. This is why he won't buy WCP now. CNQ is a safer play, more certain that CNQ will make money in the next 12 months. That said, if the price of oil rises, WCP will certainly surge.

Bill Harris, CFA

Price

$5.070

Owned

297