Torc Oil & Gas Ltd

TOG-T

Analysis and Opinions about TOG-T

Signal
Opinion
Expert
COMMENT
COMMENT
October 16, 2015

This is a really good asset and a really good play. His company has a $12 target on it. Thinks we are in an area where it is worth while starting to build your portfolio. This has prudent capital allocation, good management and a strong balance sheet.

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Torc Oil & Gas Ltd (TOG-T)
October 16, 2015

This is a really good asset and a really good play. His company has a $12 target on it. Thinks we are in an area where it is worth while starting to build your portfolio. This has prudent capital allocation, good management and a strong balance sheet.

WATCH
WATCH
October 8, 2015

He has CPG-T instead. They (TOG-T) have not cut their dividend yet. They may be able to skate through.

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He has CPG-T instead. They (TOG-T) have not cut their dividend yet. They may be able to skate through.

BUY
BUY
October 7, 2015

An 8% yield is exceptional. He likes what they are doing in Saskatchewan. Their plays require very little maintenance capital to hold production flat. The Canada Pension Plan is a very strong share holder.

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An 8% yield is exceptional. He likes what they are doing in Saskatchewan. Their plays require very little maintenance capital to hold production flat. The Canada Pension Plan is a very strong share holder.

TOP PICK
TOP PICK
September 25, 2015

This is one that has started to fall into the category of people thinking they are going to have to cut their dividend. He doesn’t think that is an issue for the next 6-9 months. Feels the payout ratio can sustain itself at 100%-110% at today’s price. Balance sheet is fine. This is unique in that it can still maintain the financial metrics within reason, but is unhedged in 2016. Dividend yield of 9.02%.

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Torc Oil & Gas Ltd (TOG-T)
September 25, 2015

This is one that has started to fall into the category of people thinking they are going to have to cut their dividend. He doesn’t think that is an issue for the next 6-9 months. Feels the payout ratio can sustain itself at 100%-110% at today’s price. Balance sheet is fine. This is unique in that it can still maintain the financial metrics within reason, but is unhedged in 2016. Dividend yield of 9.02%.

DON'T BUY
DON'T BUY
September 21, 2015

There is no safe dividend in the intermediate oil and gas area. You can’t buy them for the dividend. It is a good quality company. 8.5% yield.

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Torc Oil & Gas Ltd (TOG-T)
September 21, 2015

There is no safe dividend in the intermediate oil and gas area. You can’t buy them for the dividend. It is a good quality company. 8.5% yield.

TOP PICK
TOP PICK
August 25, 2015

Doesn’t view the dividend as likely to being cut. Even if it is, the stock has been pounded so badly that he feels the stock would rally, not go down. Relative to its proved reserves, it is trading at around 6X cash flow and has never traded this cheaply. Its proved reserve life is around 9, so you are getting the proved reserves for free. Dividend yield of 11.3%.

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Doesn’t view the dividend as likely to being cut. Even if it is, the stock has been pounded so badly that he feels the stock would rally, not go down. Relative to its proved reserves, it is trading at around 6X cash flow and has never traded this cheaply. Its proved reserve life is around 9, so you are getting the proved reserves for free. Dividend yield of 11.3%.

TOP PICK
TOP PICK
July 30, 2015

An oil producer, primarily in Saskatchewan that has been hit pretty hard and pays a nice dividend that should not be cut here. There are going to a lot of acquisitions over the next few years. He likes the team.

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An oil producer, primarily in Saskatchewan that has been hit pretty hard and pays a nice dividend that should not be cut here. There are going to a lot of acquisitions over the next few years. He likes the team.

COMMENT
COMMENT
July 28, 2015

A great company, but at today’s commodity price they should not be paying a dividend. He would like to see that happen. In theory, if you made your company better by not paying out a dividend, the stock should probably stay flat and it shouldn’t make any difference. His instinct is that the stock will go down. Dividend yield of 8% means the market feels the dividend should be cut.

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A great company, but at today’s commodity price they should not be paying a dividend. He would like to see that happen. In theory, if you made your company better by not paying out a dividend, the stock should probably stay flat and it shouldn’t make any difference. His instinct is that the stock will go down. Dividend yield of 8% means the market feels the dividend should be cut.

HOLD
HOLD
July 24, 2015

One of the energy stocks that his company likes and they have it as an outperform with a $12 target. He is comfortable with the dividend and management. If you own, continue to Hold. Because this is one of the smaller ones, it will be more volatile and have greater risk.

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One of the energy stocks that his company likes and they have it as an outperform with a $12 target. He is comfortable with the dividend and management. If you own, continue to Hold. Because this is one of the smaller ones, it will be more volatile and have greater risk.

HOLD
HOLD
July 23, 2015

He would go ahead and buy now rather than try to time it. They are digesting the acquisition they made. They got a good deal at a good price. Hold these companies for a period of time.

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He would go ahead and buy now rather than try to time it. They are digesting the acquisition they made. They got a good deal at a good price. Hold these companies for a period of time.

TOP PICK
TOP PICK
May 27, 2015

Just acquired Surge Energy’s (SGY-T) south east Saskatchewan oil assets, which gives them a massive toe hold in that region. There is lots of confidence in their ability to exploit those assets. Great dividend which is absolutely secure. Impeccable balance sheet. They have a great play in Alberta, (Monarch) which is a huge resource play that could over time bring thousands of barrels of production to them.

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Just acquired Surge Energy’s (SGY-T) south east Saskatchewan oil assets, which gives them a massive toe hold in that region. There is lots of confidence in their ability to exploit those assets. Great dividend which is absolutely secure. Impeccable balance sheet. They have a great play in Alberta, (Monarch) which is a huge resource play that could over time bring thousands of barrels of production to them.

PAST TOP PICK
PAST TOP PICK
April 6, 2015

(Top Pick March 10/14, Up 4.87%) He really likes the company. It is approaching fair value. This is a name right at the top of his buy list. Management has high ownership. Their dividend is one of the more sustainable ones. 5% dividend.

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(Top Pick March 10/14, Up 4.87%) He really likes the company. It is approaching fair value. This is a name right at the top of his buy list. Management has high ownership. Their dividend is one of the more sustainable ones. 5% dividend.

BUY
BUY
April 2, 2015

This has been a favourite of his for quite some time. He likes the company because it has a Saskatchewan light oil focus. There is a bit of optionality in terms of an asset called Monarch which very early stage. Company has a low decline rate and a very sustainable dividend. Yield of 5.28%.

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This has been a favourite of his for quite some time. He likes the company because it has a Saskatchewan light oil focus. There is a bit of optionality in terms of an asset called Monarch which very early stage. Company has a low decline rate and a very sustainable dividend. Yield of 5.28%.

BUY
BUY
March 30, 2015

Field services companies seem to react more quickly to changing conditions. He likes a strategy of having a diversification amongst the top companies, integrateds, upstream and mid stream companies. TOU-T have experienced management and a good balance sheet.

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Field services companies seem to react more quickly to changing conditions. He likes a strategy of having a diversification amongst the top companies, integrateds, upstream and mid stream companies. TOU-T have experienced management and a good balance sheet.

TOP PICK
TOP PICK
February 12, 2015

Feels the dividend is very safe. In this environment, you actually want to be in companies that are going to do well and grow. This company is definitely in that position. Yield of 5.73%.

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Torc Oil & Gas Ltd (TOG-T)
February 12, 2015

Feels the dividend is very safe. In this environment, you actually want to be in companies that are going to do well and grow. This company is definitely in that position. Yield of 5.73%.

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