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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (84893)	6/19/2020 2:42:41 PM
From: Goose94	Read Replies (1) \| Respond to of 202424

TORC Oil & Gas (TOG-T) revisited 3.0 top pick from Eric Nuttall on BNN.ca Market Call Friday June 19th @ 1200ET Torc remains down 62 per cent year-to-date despite having staying power ($27 WTI break-even and a 29 per cent ownership by CPP) and a management team that consistently beats expectations. It’s trading at 2.6/2 times 2021 enterprise value to cash flow (EV/CF) and a free cash flow yield of 17/36 per cent at $50/$60 WTI. As stocks being to rerate, we think Torc could trade to a five-time multiple on 2021 cash flow, which would represent a$4.20 to $5.75 share price versus $1.80 today.