VREYF - TORC Oil & Gas Vs. Cardinal Energy: Significant Risk/Reward Difference
The two small Canadian oil producers TORC Oil & Gas (VREYF) and Cardinal Energy (CRLFF) recently released their next-year capital program. Both companies plan to hold their production flat and generate ample free cash flow that will largely cover their dividend at a WTI price of US$55 per barrel.
These producers look similar, but the market offers a much different risk/reward ratio that favors Cardinal Energy.
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Note: All the numbers in the article are in Canadian dollars unless otherwise noted.
Comparable small Canadian oil producers
Even if both companies produced