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TORC Oil & Gas Ltd. VREYD

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

Post by Cheadle12on Sep 07, 2020 1:02am
398 Views
Post# 31517420

I guess I was right?

I guess I was right?Torc dropped like a rock.

They had a terrible quarter & they have a lot of debt.  Nuttall seems to think they're an accumulator, but how?  They already have a huge debt burden and their shares are unfortunatley diluted.

This is probably a target for Whitecap vs. an accumulator.

Make note that Nuttall recommend Bagtext at $4, and ATH around a buck.   His track record is second only to Josef Shockerter in terms of bagholder rankings.
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