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.

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TORC Oil & Gas Ltd. > Grant & team at whitecap swooped up Torc

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Comment by Cheadle12on Dec 08, 2020 9:04pm

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Post# 32064405

RE:RE:Grant & team at whitecap swooped up Torc

They might be a bit small no? $100+M debt & only 4000bpd production.. last I heard they were heading for receivership like Bellatrix.

energee wrote: Yep. All about gaining scale. Suspect more deals to come with the others. Watch (IMO) POU, NVA (both gas weighted).

Even the micros like PPR full disclosure that I've been bagholding this name for a few years now could find a restful new home with an i3 or similar. If there is a will there is a way to swiffer up the CDN juniors and re-coup lots of my losses on some of these microcap names that I've piled up in my heavy bag of portfolio dogs.