TORC Oil & Gas Ltd. VREYD

The Nut

[MustangMatt]

To be truthful I would prefer Eric not to be in the stock.  His logic make little sense with reagrd to Torq, he keeps going on about companies buying back stock, at the moment TOG is doing the opposite with the DRIP dilution  

I don't think there is any takeover in the works from the CPP

I do think that CPP's ownership growth is a concern.  If the share price would move back up say over $6, that would really help lower the DRIP dilution. 

I think Torq is going to have to transact over the next year.  The Company needs reserve growth, and right now you can buy barrels cheaper then you can develop them.  I think they should keep on the path they are on, growing in South Sask.  I don't mind if they go big on a buy in 2020 as long as they get a smokin good deal.  I also don't mind if they go with the tuck in acquisition method either.  The determinate being a really good deal.  Cheers Matthew

[emmitt]

Totally agree Matthew, I try and avoid companies that drip/dilute their shares. Really leads to huge share floats and dividends that are maintained artificially. I like the concept of buying back shares from free cash flow when share prices are on sale as they are now. No idea why any company would sell more shares at the current valuations. 

[when2buy]

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[emmitt]

We are in the same boat. I bought CPG once drip program was terminated. TOG should do the same. They are really going to hurt their balance sheet dripping shares at $3.63. Surely management values their company at a higher valuation then current price. Is the balanced sheet so stretched that they need to "save" 5 million today and screw themselves long term? If management started buying

[when2buy]

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[emmitt]

So much on sale, it's hard to pull the trigger.