Torc Oil & Gas Ltd

TOG-T

Analysis and Opinions about TOG-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
November 21, 2019
The company is one with a decent balance sheet. Debt is 20%, book value is $6.78 in value. They had an increase in volume so they can grow because they have no debt. This stock might be hit by tax loss selling.
Torc Oil & Gas Ltd (TOG-T)
November 21, 2019
The company is one with a decent balance sheet. Debt is 20%, book value is $6.78 in value. They had an increase in volume so they can grow because they have no debt. This stock might be hit by tax loss selling.
Josef Schachter
President, Schachter Asset Management
Price
$3.650
Owned
Unknown
HOLD
HOLD
November 18, 2019
It is a well run company but it has not been immune the price action we have seen on others. It is harder for them to get capital.
Torc Oil & Gas Ltd (TOG-T)
November 18, 2019
It is a well run company but it has not been immune the price action we have seen on others. It is harder for them to get capital.
Ryan Bushell
President, Newhaven Asset Management
Price
$3.750
Owned
No
TOP PICK
TOP PICK
November 15, 2019
A very boring company that pays a high yield that is sustainable down to $40 oil. He has known management a long time. It likes being paid to wait for valuations to return. Their balance sheet is strong. Yield 8.29% (Analysts’ price target is $5.86)
Torc Oil & Gas Ltd (TOG-T)
November 15, 2019
A very boring company that pays a high yield that is sustainable down to $40 oil. He has known management a long time. It likes being paid to wait for valuations to return. Their balance sheet is strong. Yield 8.29% (Analysts’ price target is $5.86)
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.630
Owned
Yes
DON'T BUY
DON'T BUY
October 15, 2019
Like the other Canadian oil stocks, they payout too much and have weak earnings. They need some write-offs. His model price is $2.82. Tax loss selling will exacerbate losses. Avoid.
Torc Oil & Gas Ltd (TOG-T)
October 15, 2019
Like the other Canadian oil stocks, they payout too much and have weak earnings. They need some write-offs. His model price is $2.82. Tax loss selling will exacerbate losses. Avoid.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$3.530
Owned
No
BUY
BUY
October 11, 2019

Good energy dividend payers? For a five year time period, there are a few 9% dividend payers which are safe, he thinks. He would suggest ARX-T (11% yield), WCP-T, and TOG-T (each yielding around 9%). He thinks the dividends are safe to $50 WTI. These stocks are just so undervalued and have enormous upside if investment comes back.

Torc Oil & Gas Ltd (TOG-T)
October 11, 2019

Good energy dividend payers? For a five year time period, there are a few 9% dividend payers which are safe, he thinks. He would suggest ARX-T (11% yield), WCP-T, and TOG-T (each yielding around 9%). He thinks the dividends are safe to $50 WTI. These stocks are just so undervalued and have enormous upside if investment comes back.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.540
Owned
_N/A
TOP PICK
TOP PICK
October 11, 2019
A strong sustainable dividend down to $50 WTI oil prices. Debt-to-cash flow of only 1 times. Backed by CPP, who owns 29% of the shares. Yield 8.57% (Analysts’ price target is $6.52)
Torc Oil & Gas Ltd (TOG-T)
October 11, 2019
A strong sustainable dividend down to $50 WTI oil prices. Debt-to-cash flow of only 1 times. Backed by CPP, who owns 29% of the shares. Yield 8.57% (Analysts’ price target is $6.52)
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.540
Owned
Yes
HOLD
HOLD
July 17, 2019
An intermediate, oil focused company. Conservative management that under-promises and over delivers. Yield is over 8%. A nice growth profile that is sustainable when WTI is over $50. Their market cap, being only around $1 billion, does limit broader investor interest. A core holding for him.
An intermediate, oil focused company. Conservative management that under-promises and over delivers. Yield is over 8%. A nice growth profile that is sustainable when WTI is over $50. Their market cap, being only around $1 billion, does limit broader investor interest. A core holding for him.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$4.010
Owned
Yes
COMMENT
COMMENT
April 26, 2019
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.890
Owned
_N/A
WEAK BUY
WEAK BUY
January 30, 2019
Is the dividend safe? He just dipped their toe in. He is not 100% confident about the dividend being safe. Most analysts, however, are saying it is. He thinks it is well managed, but is waiting to see the industry stabilize as a whole. (Analysts’ price target is $7.40)
Torc Oil & Gas Ltd (TOG-T)
January 30, 2019
Is the dividend safe? He just dipped their toe in. He is not 100% confident about the dividend being safe. Most analysts, however, are saying it is. He thinks it is well managed, but is waiting to see the industry stabilize as a whole. (Analysts’ price target is $7.40)
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$4.760
Owned
Yes
COMMENT
COMMENT
January 25, 2019
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
Torc Oil & Gas Ltd (TOG-T)
January 25, 2019
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.520
Owned
_N/A
DON'T BUY
DON'T BUY
January 25, 2019
They have SE Sask production. He likes the management team and there are good assets. The dividend is sustainable. He does not own it because he prefers US light oil producers. The growth rates are double in the Permian and inventory depth is twice that of Canada. He is only paying a one point premium to buy in the US. He likes Canadian heavy oil instead.
Torc Oil & Gas Ltd (TOG-T)
January 25, 2019
They have SE Sask production. He likes the management team and there are good assets. The dividend is sustainable. He does not own it because he prefers US light oil producers. The growth rates are double in the Permian and inventory depth is twice that of Canada. He is only paying a one point premium to buy in the US. He likes Canadian heavy oil instead.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.520
Owned
No
HOLD
HOLD
January 9, 2019
The shares paid to CPP as a dividend is dilutive in a traditional sense, but it does preserve cash for other shareholders. It has light oil and is working on asset preservation. He has no issue with the share being paid. He will continue to hold.
The shares paid to CPP as a dividend is dilutive in a traditional sense, but it does preserve cash for other shareholders. It has light oil and is working on asset preservation. He has no issue with the share being paid. He will continue to hold.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$4.730
Owned
Yes
BUY
BUY
December 14, 2018
Management just released their guidance and indicated they are generating positive cash flows and indicating over 85% of their production is not impacted by wide differentials. Management has always delivered. The stock trades at 4.5 times cash flow, where it historically traded at 8 times. He thinks you could make 40-50% on this. Yield 6%.
Torc Oil & Gas Ltd (TOG-T)
December 14, 2018
Management just released their guidance and indicated they are generating positive cash flows and indicating over 85% of their production is not impacted by wide differentials. Management has always delivered. The stock trades at 4.5 times cash flow, where it historically traded at 8 times. He thinks you could make 40-50% on this. Yield 6%.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.380
Owned
Unknown
COMMENT
COMMENT
November 16, 2018
He holds management in high esteem. They are selling their oil at a hub that is not experiencing the same degree of differentials as other hubs because it is more direct to the US market. They are yielding about 4%. So total dividend and growth, probably looking at about 10% return. He is bullish on heavy oil Canadian names. He sees better opportunities in condensate or heavy oil names.
Torc Oil & Gas Ltd (TOG-T)
November 16, 2018
He holds management in high esteem. They are selling their oil at a hub that is not experiencing the same degree of differentials as other hubs because it is more direct to the US market. They are yielding about 4%. So total dividend and growth, probably looking at about 10% return. He is bullish on heavy oil Canadian names. He sees better opportunities in condensate or heavy oil names.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.150
Owned
No
HOLD
HOLD
October 19, 2018

He thinks there is an opportunity with this one as the light oil differentials will compress again soon. The company sells into the Cromer market, where differentials are much tighter. This translates to high-quality valuations at a good discount. He expects steady eddy growth.

Torc Oil & Gas Ltd (TOG-T)
October 19, 2018

He thinks there is an opportunity with this one as the light oil differentials will compress again soon. The company sells into the Cromer market, where differentials are much tighter. This translates to high-quality valuations at a good discount. He expects steady eddy growth.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.970
Owned
Yes
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