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Bullboard - Stock Discussion Forum 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... see more

Bullboard (OTCPK:VREYD)

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Comment by MrICEon Dec 08, 2020 10:05pm

RE:RE:RE:RE:RE:RE:My math

Eric is already praising the deal.  math is good. Your forgetting there is now a dividend involved.  I expect I good jump up on opening 
Comment by TimeScapeon Dec 08, 2020 10:02pm

RE:RE:RE:RE:RE:RE:My math

I disagree.  This looks like a strong positive move.  I bet he really likes it.
Comment by deepblueon Dec 08, 2020 9:57pm

RE:RE:RE:RE:RE:My math

Wouldn't be surprised if he aleady sold  into this recent rally because he knew this was coming
Comment by TimeScapeon Dec 08, 2020 9:52pm

RE:RE:RE:RE:My math

I think this should work out very well for shareholders of both companies.  Major synergies will be achieved by larger scale.  Currently hold WCP, have held TOG in the past.  2 good ...more  
Comment by deepblueon Dec 08, 2020 9:48pm

RE:RE:RE:My math

I'm voting no. Wcp sp will slowly drift down which devalues tog. This is a joke of a buyoutt
Comment by aokayon Dec 08, 2020 9:39pm

RE:RE:My math

I'm a long TOG shareholder, I don't see how our stock price doesn't drift down tomorrow based on this announcement which values TOG at 2.48/share based on today's price for WCP.   ...more  
Comment by MrICEon Dec 08, 2020 9:34pm

RE:RE:RE:My math

Only sucks if you don't already own it 
Comment by deepblueon Dec 08, 2020 9:25pm

RE:RE:My math

Well this sucks.
Comment by Cheadle12on Dec 08, 2020 9:05pm

RE:RE:Grant & team at whitecap swooped up Torc

Yeah I'm just jesting.  Torc is a good company & this combined entity will be a mid cap powerhouse.  I don't think Whitecap are done, more deals to come yet in a new world of ...more  
Comment by Cheadle12on Dec 08, 2020 9:04pm

RE:RE:Grant & team at whitecap swooped up Torc

They might be a bit small no?  $100+M debt & only 4000bpd production..  last I heard they were heading for receivership like Bellatrix.
Comment by MrICEon Dec 08, 2020 8:57pm

RE:RE:My math

My chart is saying wcp & tog are within 1% of each other last 10 days. So $2.48 plus soon to be dividend seems fair to me. 
Post by divime1on Dec 08, 2020 8:47pm

Eric Nuttall response on twitter

Eric Nuttall   @ericnuttall · 27m    ...more  
Post by MrICEon Dec 08, 2020 8:35pm

My math

My math puts Torc shares  at $2.48 value if you use today's wcp closing price.  the real number will be close. 
Comment by energeeon Dec 08, 2020 8:33pm

RE:Grant & team at whitecap swooped up Torc

Yep. All about gaining scale.  Suspect more deals to come with the others. Watch (IMO) POU, NVA (both gas weighted). Even the micros like PPR could find a restful new home with an i3 or similar. ...more  
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