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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. > Canaccord Financial
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Comment by retiredcfon Jun 04, 2017 1:36pm
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Post# 26322082

RE:Canaccord Financial

RE:Canaccord Financial

TORC Oil & Gas (TOG-t): TOG’s production is 87% oil & liquids and the company is only ~11% hedged in 2017 and as such would benefit meaningfully from a rebound in oil prices. With a $10 increase in WTI prices, we forecast TOG’s 2018E CFPS would increase by 36%.

TORC has a best-in class combination of netbacks, decline rates and capital efficiencies. Add to that a strong balance sheet and a conservative management team, and TOG is our top pick amongst oil weighted E&P’s. 


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