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Torquay Oil Corp V.TOC.A

Alternate Symbol(s):  V.TOC.B

Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.40/0.08
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0 stars

and good riddance!

yes this mgmt team didnt execute, I am not in a position to say how much of what happened was bad mgmt or bad luck or bad mkts.... But another Keith Scaeffer pick... along with his Poisiden more
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Good Bye TOC.A

I am probably the only poster on here to have actually lost nothing on this stock.  I didnt gain anything either.  Look for this Mgmt team to resurface as VP of some smaller startup or more
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RE: RE: RE: RE: RE: RE: RE: RE: Canera

I think today is the vote.  Based on the solid bid at 15 it looks like it will go through and we will get 16... Oh well, will be nice to have it resolved and move on to something new. more
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RE: RE: RE: RE: RE: RE: RE: Canera

Just a wild....way out guess.  Canera is buying Torquay to convert into a dividend public company.....  Because I can not see them wanting these properties.  rate and reply
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RE: RE: RE: RE: RE: RE: Canera

thanks Kaybob... I get that feeling about no other bid as well.  Guess I am still hoping that there is some value in the properties to the right buyer.  rate and reply
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RE: RE: RE: RE: RE: Canera

Honestly I do not see any chance of a competing bid.  I think it is fair value for the company.  I did not look at the tax pools etc. etc but really there is no or very little upside more
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RE: RE: RE: RE: Canera

seems odd to me that they dont put the name in the press release or quarterly results....  do you think there is any chance of a competing bid?   thanks  rate and reply
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RE: RE: RE: Canera

okay thanks,... will take a look  rate and reply
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RE: RE: Canera

Full agreement on Sedar.  rate and reply
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RE: Canera

where did you read this>?  Can you fill us in with more details?  rate and reply
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I am really surprized that Canera would want these assets.  I had assumed it was going to be some small private that bought TOC.  rate and reply
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RE: Competing bid

this morning we have 880k traded... and now all at .155 ask is gone... 1.7m on big at 15 and not much at 16 and above....  interesting, hopefully means we are going higher, the big sellers more
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RE: They are playing Hardball

Sasky You might be right, no disclosure is odd.  Could be an inside job, I have see these 'takeunders' before by mgmt and tough to fight unless there is another bid. Maybe we will more
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They are playing Hardball

I am always amused that there is no information for the retail investor,  should we give into the greedy pigs or hold on and hope that someone has some integrity and lets us know what we more
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Competing bid

I am going to wait for a bit to see how it plays out.  I can see these assets selling at $100,000 per flowing boe at minimum.  it is all flow lined at a low cost for production. more
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RE: RE: RE: Sells to private comp. for 16 cts/A sh

hawkowl... completely agree with your assessment.  I am also happy for a liquidity event to exit and raise cash.  Trying to sit on cash and just do some ETF trading while the world more
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RE: RE: Sells to private comp. for 16 cts/A share

Of course they announced this deal prior to 3rd quarter results so we dont know if this is fair. It probably is and management did the right thing by selling rather than going bankrupt. Anyhow I more
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RE: Sells to private comp. for 16 cts/A share

wow big news..... Good that they found a buyer rather than a slow death.... but any idea if this could be worth more to anyone else?    Termination fee is only 600K and the private firm more
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Sells to private comp. for 16 cts/A share

Torquay Oil Corp (C-TOC) - News Release   Torquay to sell itself to private firm for $21-million 2012-11-20 08:46 ET - News Release Shares issued 48,659,448 TOC.A Close 2012-11-19 C$ 0.09 more
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Hello. Who turned out the lights

Well.  Not sure but management just seems to be hiding.  Meanwhile the production is dropping and value is being transfered from shareholders to salaries.   rate and reply

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