The Company expects to defer, reallocate and reduce capital in the second half of the year as current business conditions persist. TORC has a disciplined track record and will remain focused on long-term objectives in this period of uncertainty and volatility. CALGARY, AB, Oct. 1, 2020 /CNW/ - TORC Oil & Gas Ltd. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets.
Telephone: (403) 930-4120 The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward‐looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward‐looking information will transpire or occur, or if any of them do so, what benefits that the Company will derive there from. The approved monthly dividend of $0.005 per common share has been reduced from the previous monthly level of $0.025 per common share as a result of the significant decline in global commodity prices. Find out all the key statistics for TORC OIL AND GAS LTD (TOG.TO), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Insiders at TORC Oil & Gas Have Sold Stock Recently . MONTHLY DIVIDEND . Announces Reduced Monthly Dividend; 2020 Capital Program Under Review .
Gas for November delivery was last seen up US$0.11 to US$ 2.91 per million British thermal units in Nymex electronic trade. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.15) by $0.03. He called bottom of stocks in '09, and recommended AMZN before it soared an extraordinary 1,800%. TORC assures all stakeholders that all necessary steps will be taken, even if temporary, to protect the Company’s long term position of strength. By continuing to use our service, you agree to our use of cookies.
Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. TORC gains access to its assets through government issued royalties and uses various techniques to identify hydrocarbon reservoirs. Subscribe to Premium to view Fair Value for TOG.TO.
These forward‐looking statements are made as of the date of this press release and TORC disclaims any intent or obligation to update publicly any forward‐looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. But the selling was at much higher prices than the current share price (CA$1.59), so it probably doesn’t tell us a lot about the value on offer today. The Energy Information Administration last week pegged gas inventories at 3.88 trillion cubic feet, 10% above the five-year average for the period. Get to Know the Eric Sprott-Funded Silver & Gold Exploration Co. ImagineAR Taps First Tube Media Founder to Help Launch AR Live Music Streaming, Naturally Splendid Secures Distributor in Western Canada, Q3 Report: Donlin Gold Strikes High Grade Intercepts, Organigram going all in on synthetic cannabinoid investment. TORC Oil & Gas Ltd engages in the exploration, development, and production of oil and natural gas reserves in the southeast Saskatchewan area. In addition, and without limiting the foregoing, this press release contains forward-information regarding: the Company’s dividend funding requirements, future capital expenditures plans, management’s view of the characteristics and ability of the Company’s asset base; plans to effectively match cash flows with expenditures in order to maintain financial flexibility; TORC’s dividend policy and plans; and other matters ancillary or incidental to the foregoing. TORC Oil & Gas Ltd. is a Calgary based company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada. While we wait, check out this free list of growing companies with considerable, recent, insider buying. PDF Link. CALGARY, May 28, 2020 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) has executed an agreement with its syndicate of lenders to extend … TORC confirms that a cash dividend of $0.005 per common share will be paid on April 15, 2020 to common shareholders of record on March 31, 2020. The reduction of the dividend results in a decrease in TORC’s funding requirements of $53 million on an annualized basis. Additional information on these and other factors that could affect TORC’s operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). TORC Oil & Gas Ltd stock and Oil & Gas E&P market discussion, news, and analysis from Canada's largest community of active investors. Now he has a surprising new prediction for 2020.
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