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Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
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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

OTCPK:VREYD - Post Discussion

TORC Oil & Gas Ltd. > Buyout...
View:
Post by tracker11 on Dec 09, 2020 6:10am

Buyout...

Why would anyone disagree or be against this merger? With the combined synergies of both WCP and TOG, the future upside is far better and achievable than each company going at it alone. Survival in today's oil market means consolidation and low cost production. In my opinion, 0.57 WCP shares for each share of TOG is reasonable (calculated based on the indicated time period) and if WTI reaches the $50 - $60 level, converted TOG shareholders will be rewarded.
Comment by 2020oilgamble on Dec 09, 2020 6:21am
This post has been removed in accordance with Community Policy
Comment by filefish on Dec 09, 2020 6:31am
If Bret Hermann says its time to merge,  then its time. I suspect  Nuttall knew about this some weeks ago when he bumped TOG back up to #1 weighting and stated on BNN that he thought TOG dividends would be restarted soon. It will be interesting to see how he unwinds his position in WCP or TOG before Feb. as 20% is too high for 1 stock. Even though TOG has better torq to a $50+ oil ...more  
Comment by 2020oilgamble on Dec 09, 2020 6:44am
This post has been removed in accordance with Community Policy
Comment by UnderTheRadar on Dec 09, 2020 9:29am
This post has been removed in accordance with Community Policy
TORC Oil & Gas Ltd.