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 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

TORC Oil & Gas Ltd.

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Comment by grucon Nov 10, 2015 8:00am

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Post# 24276095

RE:Dividend cut?

3rd quarter report say the dividend is to be paid for upcoming month ($0.045/share) but the report also shows a $59 million write-down due to Monarch...everything else seems okay, so maybe Monarch's write-down is the tipping point for a dividend cut at the end of November?

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