TORC Oil & Gas Ltd. T.TOG

RE:Buying growth

[mike49]

I hear the rumours too ,Matt, and I agree with you.
Unless the deal is an absolute steal- just wait a bit.
Oilers are trying everything in the book to curry investor favor... from share buybacks to increase the budget to reduce the budget to insider buying to etc. etc. to no avail. What especially seems to fail is asset buy.
Eventually math will win.
In reference to dilution... Tog should stop the drip or announce a dedicated buy back ( I say that even tho I am  enrolled) . Consider that the pension board alone went from 285 k shares div in Jan to last month 450k shares.
That exponential math stuff is a killer! (For those with the time,track nbz back in the day for a primer on how it can go wrong,or right,depending on ones agenda).
Imo, tog should track wcp right now and that's why it doesn't. 
Simplistic I know but the money folks always look for justification.
Btw, the biggest rumour I hear is with pension backed privatco.
maybe that would make sense but depends which way it went.
btw #2, I suspect lots of early anticipation for tax loss  buying so explains some sentiment.
Stay safe and collect div.