torc oil and gas earnings

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... Analyst Ratings typically are tied into analysis of Earnings Estimates and Earnings Estimates Revisions. In recent months, the 8 analysts from Thomson Reuters consensus have revised their EPS estimates downward. Please log in to your account or sign up in order to add this asset to your watchlist. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. Earnings Estimates are one factor to consider, along with the Analyst Ratings for any given stock. The drilling locations on which we actually drill wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. The EASY way. Estimated earnings for the last four quarters. Boston Beer (NYSE: SAM) Pops on Earnings Again… Is it Still a Buy? Of the 400 net conventional drilling locations identified herein, 161 are proved locations, 56 are probable locations and 183 are unbooked locations.

Instead of barely squeezing a paltry $150 out of the market… you could have had the chance to make $29,100! Proactively responded to coinciding events of the global pandemic and rapid decline in commodity prices: Significantly reduced the 2020 capital program; Identified and implemented various cost cutting measures in operating and general and administrative costs, including company-wide compensation and Director fee reductions; Shut-in production to preserve value for a stronger commodity price environment; Due to voluntary shut-in volumes, quarterly production averaged 24,905 boepd, from 28,515 boepd in the first quarter of 2020 and 28,326 boepd in the second quarter of 2019; Achieved a payout ratio of 67% in the second quarter despite significant commodity price volatility; Exited the second quarter with net debt of approximately, Received formal lender commitments from all syndicate members confirming the Company's credit facility at, All reserves information in this press release are gross reserves. TORC is well positioned to provide long-term value creation through the continued development of our high-quality asset base. The free cash flow will continue to position the Company to reduce debt and take advantage of opportunities to enhance the growth, sustainability and repeatability of the Company's business model. See here for a complete list of exchanges and delays. Daimler Trucks has agreed to buy a majority stake in autonomous truck software maker Torc Robotics as part of a broader push to develop self-driving vehicles. TORC OIL & GAS LTD. company earnings calendar and analyst expectations - Upcoming and past events | Toronto Stock Exchange: TOG | Toronto Stock Exchange Want to see which stocks are moving? Earnings estimates and surprises for Torc Oil and Gas Ltd (TOG.TO) are an important tool used to evaluate the company's overall strength and value of the stock.

Find the latest Earnings Report Date for TORC Oil & Gas Ltd (VREYF) at Nasdaq.com.

Torc Oil & Gas (OTCPK:VREYF) released its Q4 results.Due to the location of the oil assets in the Southeast Saskatchewan, the impact of the depressed oil prices in Canada was limited.

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We are continuously working to improve our web experience, and encourage users to. ). Thanks to the location of the oil assets in Saskatchewan, the impact of the depressed Canadian oil prices during Q4 was limited. TORC anticipates that the revised $80 million 2020 capital budget will result in 2020 exit production of 25,000 boepd (83% light oil; 5% NGLs). For ease of readability, in this press release, adjusted funds flow, excluding transaction related costs willbe referred to as "cash flow". 3 Value Stocks that Could Be Making a Comeback, Buy W.W. Grainger (NYSE:GWW) On Post-Earnings Weakness, FDA Approval Means Huge Jump for Gilead Sciences (NASDAQ:GILD), It’s Time To Buy Some Intel (NASDAQ:INTC), 7 Stocks It May Be Time To Take Profits On, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, 7 Stocks That Don’t Care Who Wins the Election.

Cash dividends declared are net of the share dividend program participation. TORC now expects to spend $80 million in 2020 with the incremental $5 million to be spent primarily on optimizations and asset maintenance programs. Analyst Ratings for Torc Oil and Gas Ltd (TOG.TO) provide recommendations made by outside industry experts. Right-click on the chart to open the Interactive Chart menu. Based on current commodity prices and budgeted costs, the Company expects to achieve free cash flow above the current capital program during the remainder of 2020. Typically, when actual earnings out-perform the analysts' estimate, a stock's share price tends to rise; when the actual earnings come in under the analysts' estimate, the stock's share price tends to fall. Volume reflects consolidated markets. See what's happening in the market right now with MarketBeat's real-time news feed. While certain of the unbooked drilling locations have been derisked by drilling existing wells in relative close proximity to such unbooked drilling locations, some of other unbooked drilling locations are farther away from existing wells where management has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and, if drilled, there is more uncertainty that such wells will result in additional oil and gas reserves or production. The amount of future cash dividends, if any, may also vary depending on a variety of factors, including fluctuations in commodity prices and differentials, production levels, capital expenditure requirements, debt service requirements, operating costs, royalty burdens and foreign exchange rates. 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. TORC's asset base provides flexibility in volatile commodity price environments due to the following key characteristics: greater than 90% operated capital program to dictate capital spending, low decline rate, year-round access, low capital costs per well, no drilling commitments, limited take-or-pay contracts, and no land expiry concerns.

Proved locations and probable locations are derived from the reserves evaluation prepared by Sproule as of December 31, 2019 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Get daily stock ideas top-performing Wall Street analysts. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. With the continued volatility in commodity prices and TORC's focus on efficient operations, the Company identified and implemented various measures to preserve shareholder value, and maintain financial flexibility and a strong position. The payment and the amount of dividends declared in any month will be subject to the discretion of the board of directors and will depend on the board of director's assessment of TORC's outlook for growth, capital expenditure requirements, funds from operations, potential acquisition opportunities, debt position and other conditions that the board of directors may consider relevant at such future time. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The table shows the mean historical analyst recommendation for the current period, along with the previous 1, 2, and 3 periods. See Capital Expenditures in the MD&A for further details. These recommendations are updated each day and are assigned a rating on a scale of 1 to 5: The information presented on the graph represents the number of industry analysts that currently rank the stock on the 1 to 5 scale.

Barchart is committed to ensuring digital accessibility for individuals with disabilities. Generally, the company reports earnings worse than estimates. SOURCE TORC Oil & Gas … Accordingly, throughout the first and second quarters, the Company implemented measures to protect the well-being of all stakeholders and follow guidance of public health officials, while maintaining safe operations and business continuity. TORC's dividend is reviewed regularly with the Board of Directors and is an important component of TORC's overall long-term strategy. Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value. View original content: http://www.newswire.ca/en/releases/archive/July2020/29/c8121.html, Thank you for subscribing! The reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by $0.03.

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