TORO OIL AND GAS LTD V.TOO

An observation today....

[stoneycurtis]

Tamarack Valley bought Spur today at $65K per flowing barrel. Tamarack Valley could have bought Toro for $28K per flowing barrel based on 650 boepd. That was the sign I was looking for. Viking assets continue to sell for nice metrics and nobody wants Toro's Viking assets for cheap. A terrible sign. My money will go elsewhere. Good luck to all.

[profittaker1]

You know you are probably right. No one responded to your post because with $45 dollar oil there was nothing to say. Toro's land is clearly not economic at current prices despite what the CEO implied on BNN a while back. However, if oil goes to $55 or $60 per barrel after the non-opec production cut gets signed off on Nov 10, will that still be the case? My personal experience has taught me

[robert41]

So you say Barry lied then you say he is smart. I have heard he is not only smart but well respected and honest. Have you called the company to understand the economics? 

[profittaker1]

Robert41, no I have not called the company to discuss the economics. I was not implying the CEO directly lied but that he was being overly optimistic. Is the market pricing Toro's assets as economic right now at $0.24 per share? I doubt it. The buyout metrics of recent aquisitions in the Viking by Tamerack, Raging River and Whitecap where at a much higher valuation than Toro has been trading

[stoneycurtis]

If I may..... Let's say they (per BOE) get similar field results in Q4 to Q3. price = 34.19 royalties =  (7.18) opcosts = (20.30) Netback = 6.71 Now, even with all their cuts in G&A, in Q3 it was $8.11/boe, but remember, it was based on 748 boepd. In Q4, it will be based on 650 boepd or so. So if G&A is now in that $558K/quarter range go forward, that's now $9.33 per boe

[profittaker1]

WTI is at $54 and climbing. With the Saudi Arabia Oil Minister now saying they will now cut over their quota in January and Non-Opec agreeing to cut almost 600k to further balance the oil market, some analysts are now calling oil in the $60's by Q1 2017. We will see how high prices need to go for Hamilton Lake wells to be economic indeed. https://www.barrons.com/articles/BL-AFUNDSB-7980 https:

[Stockmoves1]

survive or not survive the question is what will the company be scooped up at?? If oil holds in here I suspect its the old story of maniplation.. drive the shre price down and then buy it up on the cheap contrary to all the naysayers.... should oil go to 60$ and we get chasers watch the sparks fly.. first they short then they cover accumulate and run it.... a likely 5bagger..

[Albanian]

its only matter of time till this starts flying. cant keep it down forever.

[rockoil29]

You are correct . They have to expand ie: drill expand that volume! Its my understanding that that is what they intend to do.