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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 CravenRaven101on Jan 14, 2016 1:44pm
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Post# 24458760

RE:Thoughts

RE:ThoughtsProduction declines if a company stops drilling...ergo a company in receivership will see it's value decrease because there is NO money to drill new wells, or to work-over existing wells. A company's value then becomes the 2 p reserve estimate + their BOE/d which will steadily decline. The double edged sword for these companies is their reported 2 P reserve estimates... Companies borrow based on these estimates... but these estimates also shrink based on what a Barrel sells for... so... the LOWER for longer scenario will see credit lines reduced... once those credit lines are revised even relatively strong companies will see their physical values reduced... and once that happens the capital will dry up... and *poof* bankruptcy...
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