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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 retiredcfon Dec 09, 2020 8:58am
380 Views
Post# 32065897

CIBC

CIBCLikes the combination and has raised their target for TOG from $2.25 to $3.42 based on the rationale below. GLTA

Our price target on TOG aligns with our expectations on Whitecap, reflecting 0.57 of our WCP target of $6/share, and our rating also aligns as Outperformer .
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