Bullboard - Stock Discussion Forum 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... see more

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TORC Oil & Gas Ltd. > Buying growth

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Post by MustangMatt on Aug 30, 2019 1:54pm

Buying growth

Articles and rumors that Torq is looking to buy assets abound. I don't mind the idea of using debt to buy discounted assets. Torq's balance sheet makes this a viable solution. My only question is timing. Why not take a more cautious approach? Perhaps until spring of 2020.

I just don't want to see alot of dilution issued at these stock prices.

Cheers Matthew

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Comment by mike49 on Sep 07, 2019 1:43pm

I hear the rumours too ,Matt, and I agree with you. Unless the deal is an absolute steal- just wait a bit. Oilers are trying everything in the book to curry investor favor... from share buybacks to increase the budget to reduce the budget to insider buying to etc. etc. to no avail. What especially seems to fail is asset buy. Eventually math will win. In reference to dilution... Tog should stop the ...more

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TORC Oil & Gas Ltd.