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TSX Adding To Monday's Gains With TORC Oil And Gas Lighting The Torch

Canada's main stock market, the Toronto Stock Exchange, is building on the 23 points gained Monday, up another 30-plus points early Tuesday with Energy and Mining stocks leading the way.

Easily most active in early exchanges is TORC Oil and Gas (TOG.TO), which is up nearly 14% with more than 8 million shares traded after it announced its financial and operating results for the three month periods and years ending December 31, 2011 and 2012, and provided its 2012 year-end reserves information. TORC completed the acquisition of Vero Energy Inc. effective November 19, 2012 and all figures are pro forma Vero as of that date.

Cash flow totaled $4.2 million in the fourth quarter and $13.4 million for 2012; Cash flow per share was $0.03 per share in the fourth quarter and $0.11 per share for 2012.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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