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TransAtlantic Petroleum Ltd. Message Board

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  • vol2smile vol2smile Nov 11, 2011 10:43 AM Flag

    pigs get slaughtered !

    It has doubled from the before earning run. Up from $0.80 to now $1.65.

    Fundamentally, if you compare 2q with 3q, the main benefit is from cost cutting, all expenses dropped, as revenue stays flat. Also the average production level is almost the same, e.g about 5200bbl/day in 2q vs 5300bbl/d in 3q. So I will say not too much progress, target for 7000-7500 for 4q is still a wait and see ....

    Take some profit, a minor 50% pull back along with tax-loss selling, we will be at 1.20 soon ....

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    • if you listened to Malone on the CC he said that there was a large increase in production this 1/4er and TAT would easily reach 7,500 boep a day by dec 31st...

      he added that there is N/G production ready to hook into the pipeline and increase production...

      TAT will do .02 or .03 in the 4th 1/4er as Turkey increased the N/G prices by 14% which will add lots of additional cash flow...

      $1.65 is still only 50% of the years high so please knock off the negative nonesense...yes TAT has doubled but it never should have dropped to $.70 cents...

    • does on monday when he can buy shares...he will be buying at the new highs if we hold todays gain...

 
TAT
3.28+0.22(+7.19%)Jul 31 4:01 PMEDT