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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (79875)	5/15/2020 3:31:41 PM
From: Goose94	Read Replies (1) of 202424

TORC Oil & Gas (TOG-T) revisited 2.0 top pick from Eric Nuttall on BNN.ca Market Call Friday May 15th @ 1200ET With the stock down 77 per cent year-to-date and at 1.8 times enterprise value to 2021 cash flow at $50 WTI (15 per cent free cash flow yield), we see meaningful upside for TORC. With the CPP as a major shareholder (29 per cent) and an experienced management team, TORC is positioned to be a natural consolidator in a market in which scale and size now increasingly matter to be relevant to investors. If we are correct that oil can rally to above $50 WTI in 2021, TORC could be a $4.50 to $6.25 stock using a five-times multiple and $50 to $60 WTI oil price: a 330 to 500 per cent upside (the stock began 2020 at $4.50 when oil was at $60).

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