Brett Herman - TORC Oil President CEO, Director

CEO

Mr. Brett Herman is President, Chief Executive Officer, Director of the Company. Mr. Herman is our President Chief Executive Officer and a Director. Mr. Herman was the President Chief Executive Officer and a Director of Result Energy Inc. from November 2009 to April 2010 and the President Chief Executive Officer and a Director of TriStar Oil Gas Ltd. from August 2006 to October 2009.
Age 49
Phone403 930 4120
Webhttp://www.torcoil.com

TORC Oil Management Efficiency

The company has return on total asset (ROA) of (0.95) % which means that it has lost $0.95 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (99.29) %, meaning that it generated substantial loss on money invested by shareholders. TORC Oil's management efficiency ratios could be used to measure how well TORC Oil manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 253.55 M in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. TORC Oil Gas has a current ratio of 0.29, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist TORC Oil until it has trouble settling it off, either with new capital or with free cash flow. So, TORC Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TORC Oil Gas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TORC to invest in growth at high rates of return. When we think about TORC Oil's use of debt, we should always consider it together with cash and equity.

Similar Executives

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CEO Age

Joseph PuishysApogee Enterprises
59
Ty SilberhornApogee Enterprises
56
TORC Oil Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. As of February 24, 2021, TORC Oil Gas Ltd. operates as a subsidiary of Whitecap Resources Inc. Torc Oil operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 106 people. TORC Oil Gas [VREYF] is a Pink Sheet which is traded between independent brokers as part of over-the-counter (OTC) trading.

Management Performance

TORC Oil Gas Leadership Team

Elected by the shareholders, the TORC Oil's board of directors comprises two types of representatives: TORC Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TORC. The board's role is to monitor TORC Oil's management team and ensure that shareholders' interests are well served. TORC Oil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TORC Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hank Swartout, Director
Brett Herman, President CEO, Director
Mike Wihak, Vice President - Production
Jeremy Wallis, VP of Land
Marvin Tang, Controller
Eric Strachan, Vice President - Exploration
Shane Manchester, Vice President - Operations
John Gordon, Director
Raymond Chan, Independent Chairman of the Board
Filippo Angelini, Vice President Controller
Michael Wihak, Vice President - Production
MaryJo Case, Director
Sandy Brown, Vice President - Geosciences
Scott Lawrence, Director
Dale Shwed, Independent Director
Bruce Chernoff, Independent Director
Jason Zabinsky, CFO, Vice President - Finance
David Johnson, Director
John Brussa, Director

TORC Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is TORC Oil a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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Other Consideration for investing in TORC Pink Sheet

If you are still planning to invest in TORC Oil Gas check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the TORC Oil's history and understand the potential risks before investing.
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