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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

Bullboard Posts
Post by Art365on Jun 14, 2013 11:47am
256 Views
Post# 21525377

Legacy and TORC

Legacy and TORC

I think it is interesting to compare these stocks, as they both have had very enthusiastic support from the analysts. LEG is and has been a total disaster for many years. Is TOG similar to LEG?

Despite all the analysts support, LEG always had huge negatives: high debt, extremely high short sales and a bad reading on the OBV (On Balance Volume, which takes into account the volume on up days vs the volume on down days). On the contrary, TOG has almost no debt, low short selling activity (according to this site https://markets.ft.com/research/Markets/Tearsheets/Summary?s=TOG:TOR) and very positive OBV.

I believe (hope) that TOG is more like TOU (Tourmaline), which had a huge run from April 2012. At that time, TOU had dropped from 35 to 20, despite a lot of analyst support. If I remember correctly, it had no debt and strong OBV at the time.

Bullboard Posts