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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OTCPK:VREYD - Post Discussion

TORC Oil & Gas Ltd. > Another WCP Upgrade

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Post by retiredcf on Jan 20, 2021 11:14am

Another WCP Upgrade

* Scotia Capital analyst Jason Bouvier hiked his target for Whitecap Resources Inc. to $6 from $2.50 with a “sector perform” rating after coming off research restrictions. The average is currently $5.43.

“We believe the cumulative $1.1-billion in transactions provide WCP with the critical mass and operational overlap necessary to lower its cost structure. In addition, we believe the increased scale will help attract institutional investor interest,” said Mr. Bouvier.

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