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TORC Oil & Gas Ltd. T.TOG


Primary Symbol: 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

Comment by Windyhillon Feb 08, 2021 1:45pm
219 Views
Post# 32502607

RE:Torc s/p

RE:Torc s/pNothing more than POOR TOG Management with no fortitude. Sell out to WCP hurting TOG shareholders. In at a lot higher SP than this sellout deal.
Why is TOG so Range bound at 58+ oil price?

What a untrustworthy bunch of management promises.......

Under the terms of the Agreement, shareholders of TORC ("TORC Shareholders") will receive 0.57 Whitecap common shares (the "Whitecap Shares") in exchange for each TORC common share held (the "TORC Shares"). The at market exchange ratio was determined using ten-day volume weighted average share prices of the Whitecap Shares and the TORC Shares on the Toronto Stock Exchange ("TSX") prior to the signing of the Agreement.

Managements reputation here is nothing but dishonest. Hope none of the executicves here NEVER EVER find work in the Canadian oil industry. 

What a sellout !








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