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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. > The Nut
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Comment by emmitton Nov 19, 2019 1:04pm
132 Views
Post# 30370093

RE:RE:RE:The Nut

RE:RE:RE:The NutWe are in the same boat. I bought CPG once drip program was terminated. TOG should do the same. They are really going to hurt their balance sheet dripping shares at $3.63. Surely management values their company at a higher valuation then current price. Is the balanced sheet so stretched that they need to "save" 5 million today and screw themselves long term?
If management started buying their own shares, instead of diluting, I would have a lot more confidents going forward. 

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