RE:RE:RE:An observation today....
Robert41, no I have not called the company to discuss the economics. I was not implying the CEO directly lied but that he was being overly optimistic. Is the market pricing Toro's assets as economic right now at $0.24 per share? I doubt it. The buyout metrics of recent aquisitions in the Viking by Tamerack, Raging River and Whitecap where at a much higher valuation than Toro has been trading at and yet no bids have been made. This implies the managers of those companies don't necessarily agree that Toro is economic with oil in the $45-50 range. I see this thing really moving as oil breaks through $55 dollars if it happens. Someone must have agreed with my comment about the warrants because that large ask at 5.5 cents was almost completely taken out today. Good luck to all longs.