Report
EUR 13.77 For Business Accounts Only

TORC OIL & GAS sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of TORC OIL & GAS (CA), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date September 4, 2020, the closing price was CAD 1.64 and its target price was estimated at CAD 0.56.
Underlying
TORC Oil & Gas Ltd.

Vero Energy is a junior oil and natural gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves primarily in western Canada. As of Dec 31 2010, Co.'s gross proved developed and undeveloped reserves for light and medium oil, natural gas, and natural gas liquids were 2,443.6 thousand barrels (Mbbls), 88,373 million cubit feet (Mmcf), and 2,879.1 Mbbls, respectively. Co.'s net proved developed and undeveloped reserves for light and medium oil, natural gas, and natural gas liquids were 2,096.0 Mbbls, 79,331 Mmcf, and 1,995.5 Mbbls, respectively.

Provider
TheScreener
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