Post by
Cheadle12 on Sep 16, 2020 11:06pm
CPPIB
say that they're going to provide support for their holdings to go out and make deals that are accretiv to their subsidiaries / holdings.
So I wonder if that applies to Torc. Would make sense, being a 23kpbd producer is in a 'an outdated model'.. so if they can acquire and double production cheaply, that's a good thing.
Eric Nutall_there claims Torc along with Whitecrap will be accumulators and consolidate names...
Thoughts here welcome, intelligent discussion only (no trolling from TOG baghodlers please and thank-you).
Comment by
2020oilgamble on Sep 17, 2020 8:24am
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Comment by
MrICE on Sep 17, 2020 8:53am
I'm sure if Torc were to bring them something that makes great sense CPPIB would support them. would also make sense to whoever they acquire. To have that future backing would be a positive to the new shareholders.
Comment by
Cheadle12 on Sep 17, 2020 12:16pm
My view is that they will (and they need to) make an acquistion. The market and investors have been telling the market that the ~20-35kpbd producer is too small to be relevant. Torc have the ability to make a very accretive merger to grow inorganically, hence attracing net new investors to push equity up.
Comment by
2dream4U on Sep 17, 2020 9:23am
The only issue I see with CPPIB making any additional moves with TOG is the optics of the oil and gas business in Canada. So many Canadians are anti oil & gas it's mind boggling. If there was ever a time to lean on oil & gas in Canada, it's now. If we don't, we'll be completetly broke. Hopefully the CPPIB overlooks this and makes some worthwhile moves.