Torc Oil & Gas Ltd

TOG-T

Analysis and Opinions about TOG-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
May 31, 2016

Very well-run company. A conservative management team that likes to under promise so that they can surprise you with a beat. Have done a great job of weathering the storm, making sure the balance sheet is clean, spending cash flow to maintain production. Good oil torque. About an 18,000-19,000 barrel producer, so it is right in the sweet spot of not being too big and continuing to add growth as oil prices recover. Dividend yield of 2.90%.

Show full opinionHide full opinion

Very well-run company. A conservative management team that likes to under promise so that they can surprise you with a beat. Have done a great job of weathering the storm, making sure the balance sheet is clean, spending cash flow to maintain production. Good oil torque. About an 18,000-19,000 barrel producer, so it is right in the sweet spot of not being too big and continuing to add growth as oil prices recover. Dividend yield of 2.90%.

COMMENT
COMMENT
May 27, 2016

(Market Call Minute.) Torc Oil & Gas (TOG-T) or Whitecap Resources (WCP-T)? He likes both companies and maybe Whitecap today due to valuation.

Show full opinionHide full opinion

(Market Call Minute.) Torc Oil & Gas (TOG-T) or Whitecap Resources (WCP-T)? He likes both companies and maybe Whitecap today due to valuation.

WATCH
WATCH
April 25, 2016

We are not out of the worst in oil and gas, but the bottom is probably in. There should be some support around the breakout area at the beginning of this month. See if the breakout holds. Don’t add here. Wait for a pullback as he thinks there is pullback in oil prices to come.

Show full opinionHide full opinion

We are not out of the worst in oil and gas, but the bottom is probably in. There should be some support around the breakout area at the beginning of this month. See if the breakout holds. Don’t add here. Wait for a pullback as he thinks there is pullback in oil prices to come.

WATCH
WATCH
April 14, 2016

Wait for $8, a negative transit. If you sell it at EBV, it would be a perfect trade.

Show full opinionHide full opinion

Wait for $8, a negative transit. If you sell it at EBV, it would be a perfect trade.

HOLD
HOLD
April 7, 2016

It is expensive, trading at a bit of a premium. You are buying a good inventory that is managed by good management. It is a street favourite.

Show full opinionHide full opinion

It is expensive, trading at a bit of a premium. You are buying a good inventory that is managed by good management. It is a street favourite.

PAST TOP PICK
PAST TOP PICK
March 21, 2016

(Top Pick Feb 05’15, Down 40.76%) Hold it because they are well hedged. He thinks pries will be higher in 18 months. They have good management and good drill results. Be a patient investor. They are living within their means.

Show full opinionHide full opinion

(Top Pick Feb 05’15, Down 40.76%) Hold it because they are well hedged. He thinks pries will be higher in 18 months. They have good management and good drill results. Be a patient investor. They are living within their means.

COMMENT
COMMENT
March 17, 2016

One of his favourite companies. Feels it is a pretty sustainable model. The decline rate is only about 23%-24%, so it is in a kind of sweet spot to be able to pay a dividend. There is a lot of optionality in their Alberta Bakken and the 3 Forks play in Saskatchewan. That could be worth a tremendous amount more than what is reflected in the current share price. They also have the strong sponsorship of CPP, which he feels is probably underappreciated by the investment community. He is looking for them to continue to do smart acquisitions and emerge from the downturn stronger.

Show full opinionHide full opinion

One of his favourite companies. Feels it is a pretty sustainable model. The decline rate is only about 23%-24%, so it is in a kind of sweet spot to be able to pay a dividend. There is a lot of optionality in their Alberta Bakken and the 3 Forks play in Saskatchewan. That could be worth a tremendous amount more than what is reflected in the current share price. They also have the strong sponsorship of CPP, which he feels is probably underappreciated by the investment community. He is looking for them to continue to do smart acquisitions and emerge from the downturn stronger.

BUY
BUY
February 23, 2016

Likes this quite a bit. One of the highest NETBACKS of any company in Canada. Have been able to moderate their declines, which makes the company more sustainable. Cut their dividend last week and the stock shot up 14%. CPP is a major cornerstone investor in the company, owning just over 20%.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
February 23, 2016

Likes this quite a bit. One of the highest NETBACKS of any company in Canada. Have been able to moderate their declines, which makes the company more sustainable. Cut their dividend last week and the stock shot up 14%. CPP is a major cornerstone investor in the company, owning just over 20%.

COMMENT
COMMENT
February 10, 2016

A great company with one of the best management teams in Calgary. Has the oil upside which is where you really want to be right now, because the commodity is bottoming. Given where commodity prices are now, there are a lot of dividend cuts, and Torc hasn’t had its turn yet, but she feels management is considering it. The payout ratio is higher than comparable companies. Dividend yield of about 11%.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
February 10, 2016

A great company with one of the best management teams in Calgary. Has the oil upside which is where you really want to be right now, because the commodity is bottoming. Given where commodity prices are now, there are a lot of dividend cuts, and Torc hasn’t had its turn yet, but she feels management is considering it. The payout ratio is higher than comparable companies. Dividend yield of about 11%.

COMMENT
COMMENT
December 31, 2015

Has been adding to his holdings recently at $5, which is very good value. Came out with their 2016 budget and are using $50 oil (?), which he thinks will prove to be correct. Management is very conservative and owns a lot of stock.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
December 31, 2015

Has been adding to his holdings recently at $5, which is very good value. Came out with their 2016 budget and are using $50 oil (?), which he thinks will prove to be correct. Management is very conservative and owns a lot of stock.

PARTIAL BUY
PARTIAL BUY
December 2, 2015

Makes a lot of sense at these prices, especially relative to its peers. An excellent, quality company. Good management, who have shown that they can add value for shareholders over time. Stock took a hit because of speculation they might have to reduce the dividend, but feels that was overblown. Given where oil prices are and her view on higher oil prices in the next year or so, this is one of the companies you want to be exposed to. At a good price now, but there is a lot of volatility because of an OPEC meeting on Friday. She would move into this one gradually. Dividend yield of 8%+.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
December 2, 2015

Makes a lot of sense at these prices, especially relative to its peers. An excellent, quality company. Good management, who have shown that they can add value for shareholders over time. Stock took a hit because of speculation they might have to reduce the dividend, but feels that was overblown. Given where oil prices are and her view on higher oil prices in the next year or so, this is one of the companies you want to be exposed to. At a good price now, but there is a lot of volatility because of an OPEC meeting on Friday. She would move into this one gradually. Dividend yield of 8%+.

TOP PICK
TOP PICK
December 2, 2015

This is in oil. Strong management team which she thinks will be prudent with their balance sheet.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
December 2, 2015

This is in oil. Strong management team which she thinks will be prudent with their balance sheet.

PAST TOP PICK
PAST TOP PICK
November 20, 2015

(A Top Pick Oct 17/14. Down 40.49%.) It is approaching his Buy entry of $6. They did not cut the dividend, which speaks to the quality of the properties and management. If we are still up $40 for the next 3 months, he wouldn’t be surprised if they cut their dividend.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
November 20, 2015

(A Top Pick Oct 17/14. Down 40.49%.) It is approaching his Buy entry of $6. They did not cut the dividend, which speaks to the quality of the properties and management. If we are still up $40 for the next 3 months, he wouldn’t be surprised if they cut their dividend.

COMMENT
COMMENT
November 11, 2015

Just reported their quarterly report and it was great reading, allowing them to increase expectations and what they are going to produce, and reduce their CapX to do it. Their capital efficiency is remarkable. Drilling in south east Saskatchewan, which is all light oil. They have been doing this for a long, long time. Good management. Likes the company a lot. Dividend yield of 8.5%.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
November 11, 2015

Just reported their quarterly report and it was great reading, allowing them to increase expectations and what they are going to produce, and reduce their CapX to do it. Their capital efficiency is remarkable. Drilling in south east Saskatchewan, which is all light oil. They have been doing this for a long, long time. Good management. Likes the company a lot. Dividend yield of 8.5%.

HOLD
HOLD
October 22, 2015

Has tremendous respect for management. Truly one of the more conservative teams. Depending on the oil price and strip price, they potentially may look to realign their dividend. On his math, they are sustainable in the low $50 oil. The stock has been weak on this and it could be an actual buying catalyst. Some people have been Shorting the name on the anticipation of retail selling on the dividend cut. He almost bought this back today. Dividend yield of over 8%.

Show full opinionHide full opinion
Torc Oil & Gas Ltd (TOG-T)
October 22, 2015

Has tremendous respect for management. Truly one of the more conservative teams. Depending on the oil price and strip price, they potentially may look to realign their dividend. On his math, they are sustainable in the low $50 oil. The stock has been weak on this and it could be an actual buying catalyst. Some people have been Shorting the name on the anticipation of retail selling on the dividend cut. He almost bought this back today. Dividend yield of over 8%.

Showing 46 to 60 of 129 entries