TORC Oil & Gas Ltd. VREYD

Tempted to dump some of my other names

[Cheadle12]

and buy some of this Edmonton Oiler.

But the problem is the trend.  Like the Canadian economy, it's been trending south.

Thoughts here?  Why buy Torc when it's an oil name in a world that hates oil?

[tracker11]

No no no no.. ..bleeding heart leftist Inconsequential tree huggers hate oil. The world runs on the commodity and world leaders, bankers and the investment world knows it and will be the case fir decades yet to come. Imagine a world with no oil at present time. We'd go back to living in caves. Fear not, oil is not going away and will make a comeback. Maybe not $100 per barrel but it will.

[Chris007]

Whether something is essential and whether its a good investment are two totally different things entirely. Plenty of examples out there of companies that produce "essential" goods that are poor investments. Look at the performance of steel makers or fertilizer producers, just to name two sectors that are very much "essential" to economic growth, but have performed pretty

[Cheadle12]

Exactly.  After seeing the news that Surge is likely heading the way of Bonavista, Bellatrix, Pengrowth etc etc etc etc etc etc pretty sure Torcs fate will be the same. CPPIB will pull the rug out and this will be left as a penny stock like Surge I think.  No buyers to claim those shares.

[ratsnake220]

cheadle....my thoughts are yours....you need a base building....and your in a crooked industry with a Government who wants to play politics....to many seats in South West BC....that Skippy Trudeau has to pretend he is a environmentalist......He cant bail out oil.....they already are subsizied by 3.3 billion dollars.....so its a tough sector....and in 6 weeks you start to see tax loss selling