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. > Someone is dumping

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Comment by Chris007on Oct 31, 2020 9:34pm

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Post# 31819439

RE:RE:RE:RE:RE:RE:RE:RE:Someone is dumping

As at June 30, 2020: Total Net Assets attributable to holders of redeemable units was $90,651,677

Chris007 wrote: You'll have to wait till their next filing to find out I guess. we're always going to get "dated" info, for fund positions. Generally speaking, the fund is pretty concentrated in terms of the positions he takes, like 10-11 holdings

That being said, looking at Ninepoints q2 statements....he does trade around quite a bit, despite positions being sizable. Comparing June 30 to Sept 30 (as shown on the website), it looks like he got rid of/or significantly shrunk positions in CPG, KEL, CVE, BTE and added ARX, TOU, BIR

MrICE wrote:
That price/share seems fair. Remember it got down to 41 cents for a while.
so is $6,447,359 still a 10% holding at end of September or did he have to add to it to get there ?

guess I'm asking how big is the total fund.