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


To: Goose94 who wrote (87383)8/6/2020 2:32:27 PM
From: Goose94Read Replies (1) | Respond to of 202428
 
TORC Oil & Gas (TOG-T) revisited 4.0 top pick from on BNN.ca Market Call Thirst-day Aug 6th @ 1200ET

Torc is a well-run small cap oil producer with a focus on conventional SE Saskatchewan oil and the Alberta Cardium play. With the backing of CPP (~30 per cent ownership) Torc is a likely consolidator in the quarters to come. Trading at 3.6 times / 2.6 times at $50 / $60WTI and a free cash flow yield of 22 / 45 per cent we see meaningful upside in the name over the coming year as a 5 times multiple = 74 / 188 per cent upside in a $50 / $60 WTI oil price environment.