Streetwise Live! Presents Cross River Ventures on 07/28/2021. Learn More
TRCH:NASDAQ

Torchlight Energy Resources Inc.

Torchlight Energy Resources, Inc., based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale.
TRCH:NASDAQ

Expert Comments:

Clive Maund, CliveMaund.com

(6/6/21)
"Torchlight Energy Resources Inc. is looking attractive here. Last week, encouraged by the strong oil price, which broke out to new recent highs, it broke out of a base pattern that approximates a head-and-shoulders bottom. . .following the breakout move last week, a tiny bull flag appears to have formed on Thursday and Friday, which also suggests renewed advance."

With the merger, Torchlight Energy Resources shareholders will have the benefit of oil and gas assets plus a new cleantech focus.
read more >

Clive Maund, CliveMaund.com

(12/14/20)
"Torchlight Energy Resources Inc. is a hot stock right now, and the reason is that it has just announced a merger with Metamaterials. . .it is thought worth buying here for a rapid continuation of the move short term. . .the maximum target is the resistance at $2."

headshot of John White

John White, ROTH Capital Partners

(11/16/20)
"On Nov. 11, 2020, Torchlight Energy Resources Inc. entered into an agreement and closed a letter of agreement with the operator of the Winkler project and McCabe Petroleum Corp. (MPC), a company owned by Torchlight's chairman Greg McCabe, to sell Torchlight and MPC's interest in the Winkler project for a purchase price of $450K. . .MPC agreed to have its $100K portion of the purchase price paid to Torchlight in exchange for Torchlight issuing MPC 313,480 shares of common stock."

John White, ROTH Capital Partners

(11/10/20)
"Torchlight Energy Resources Inc. today reported that the operator of its Hazel project has completed hydraulic fracturing operations. The stimulation went according to plan. . .flowback is scheduled to commence next week."

More Expert Comments

Experts Following This Company

Michael Heim, CFA, Senior Research Analyst – Noble Capital Markets
Clive Maund – CliveMaund.com
headshot of John White
John White, Senior Research Analyst – ROTH Capital Partners

Company News

6/25/2021 – Torchlight Announces Payment of a Special Series a Preferred Stock Dividend, a 1:2 Reverse Stock Split and Planned Closing of the Arrangement Agreement With Metamaterial, Inc.

6/21/2021 – Torchlight Provides Update on Proposed Business Combination Timing and Payment Date for Preferred Stock Dividend

6/14/2021 – Torchlight Declares Special Dividend of New Series A Preferred

6/11/2021 – Torchlight Announces Results from Special Meeting of Its Stockholders

5/25/2021 – Update on Proxy Solicitation for Special Meeting of Stockholders for Metamaterial Transaction

5/7/2021 – Torchlight Files Definitive Proxy Statement for Special Meeting of Stockholders for Metamaterial Transaction

The information provided above is from analysts, newsletters, the company and other contributors.

Torchlight Energy Resources Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
 
Exposure to the largest onshore domestic hydrocarbon field discovery in over thirty years.
 
Numerous oil asset liquidation potential + tech company upside post-merger (multiple shots on goal)
 
Very liquid name and dirty energy story transitioning to clean-tech green focus
catalyst Calendar
Q2
2021
Merger with disruptive Tech Company Metamaterials (Q2 2021)
Q2
2021
Dividend of Preferred share to all common holders of record date around merger closing (Q2 2021)
Q4
2021
Upside from newly listed tech company and sale proceeds of any oil and gas assets distributed to SHs
Torchlight Energy Resources Inc. Content