Stockchase Opinions

Eric Nuttall Torc Oil & Gas Ltd TOG-T PAST TOP PICK Sep 24, 2021

(A Top Pick Sep 18/20, Up 107%) Was taken over. Liked it for the team, asset and valuation. Was sad to see it go. There were motivated sellers. Sold to Whitecap.
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Stock price when the opinion was issued

oil gas
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(A Top Pick Oct 01/19, Down 56%) He thinks the stock could double from the current price.
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Profoundly undervalued. At current oil price, it is trading at 19% free cashflow yield. They should reinstate their dividend which they cut. At $50-$60 oil, it trades at 2.1-2.9x and at 38%-63% free cashflow yield. CPP owns roughly 30% of the company. (Analysts’ price target is $2.48)
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(A Top Pick Nov 15/19, Down 58%) A very well run company that is undervalued.
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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)
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(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.
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(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.

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(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.

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(A Top Pick Oct 16/20, Up 102%) This was acquired by Whitecap. Hopes to see his team again.
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(A Top Pick Nov 20/21, Up 69%) Liked it for assets. Ultimately sold to Whitecap.