Opinions
Bill Bonner
Torc Oil & Gas Ltd
TOG-T
HOLD
Oct 23, 2013
$9.540
Stock price when the opinion was issued
oil
gas
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
TOP PICK
A huge laggard this year. It is trailing other names at 20-30%. They have not yet reinstated dividends. They should reinstate it early next year. At current levels, the stock trades at 14% free cashflow yield. At $50-$60 oil, it trades at 30%-60% free cashflow yield for dividends and buy-backs. (Analysts’ price target is $2.46)
oil
gas
PAST TOP PICK
(A Top Pick May 15/20, Up 189%) Was taken out by Whitecap. Whitecap is now a net-negative emitter. They inject CO2 into the ground. From an ESG perspective, it is a great candidate. They are scaling up to increase market cap. Bigger you are, more radar screens you hit. Whitecap could trade at 6x which is $8.40.
oil
gas
PAST TOP PICK
(A Top Pick Jun 19/20, Up 82%) Was bought by Whitecap two months ago. Was bought at an attractive valuation. Would continue to own Whitecap.
oil
gas
PAST TOP PICK
(A Top Pick Aug 06/20, Up 78%) Was purchased by Whitecap. Was offering very meaningful upside. Still likes the management team and would support them in the future.
oil
gas
This is one of the recent conversions to the dividend model and they had the sponsorship of some big investors, which did them well. Made a huge acquisition that just added to their great inventory of plays. Management has a great record of exploitation, which he thinks will continue. You’ll have to be patient with this and just enjoy the yield while you have it.