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TransGlobe Energy Corporation (TGA)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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As of 2:44PM EDT. Market open.
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Valuation - Given the different geographic locations of TransGlobe's operating assets, we are using a sum-of-the-parts analysis. Based on our analysis, we arrive at a combined valuation range of ~ $2.95 to ~$4.85, with a midpoint of ~ $3.90.
Man this is just what TGA needed 1000 barrel of Brent crude production, my guess we will wait about 6 months to see if this well holds production steady and if so we drill another well and maybe 2 more
Check out this write up.
"... trading at less than 1x EV/CF on an exit 2021 run rate ..."
Do your DD
One would think this polar vortex, and the amount of energy that is being used, would make this company's stock skyrocket. IT should be worth ten a share, but it will take patience.
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TGL.TO is up 11.65% to 2.30
Given the different geographic locations of TransGlobe's operating assets, we are using a sum-of-the-parts analysis. Based on our analysis, we arrive at a combined valuation range of ~ $1.80 to ~$3.20, with a midpoint of ~ $2.45.
About to blast off🚀🚀🚀🚀 have fun with your 10 percent profit stocks, this is about to 4x
TGA expected that the Egyptian legislature would announce approval of their agreement with the Egyptian government in February. Let's hope that it is positive.
Stonegate Capital, December 2019 Report for Oil and Gas sector:
On a comparable company basis for FY19 estimates, TGA currently trades at an EV/S multiple of 0.6x while its peers trade at an average multiple of 2.2x, and at an EV/EBITDA of 1.1x vs. the average of its peers at 3.9x.
On a P/CFPS basis, TGA trades at 1.4x based on 2019E vs. the average of its peers at 2.3x, and on a 2019E P/E basis, at 5.3x vs. 8.4x. We note that we have added to our 2019 estimates the impairment loss of ~$8.4M.
Additionally, the Company is well-positioned to continue profitability in the near-term based on:
• Execution of a disciplined business plan to drive free cash flow, with a focus on maintaining costs
• A multi-year development strategy for its Canadian assets to ensure stable growth
• Continuing to secure key contracts with the Egyptian government and third-party marketers
• Goal of modernizing and consolidating the Eastern Desert concessions to unlock large oil in place development projects
• Consideration of additional acquisition opportunities in Egypt and Canada
• The Company’s experienced management team, which has successfully steered TGA through difficult periods involving low oil prices
We would expect that investors in TGA could benefit from price appreciation in the upcoming quarters as progress continues to be made, and the stock begins to trade more in-line with the metrics of its peers."
In every TGA discussion board, everywhere, you see frustrated people commenting. They are justified, some years ago this stock was much much higher....But this has NOTHING to do with TGA now. During 2019, when most stocks had very big losses, TGA stock performed better. But the most important are the facts: TGA is profitable, it has relatively low debt, in Q4 drilled great wells, it has the potential for more great oil discoveries, the offer a dividend and they have strong fundamentals.
Mark that while institutional have sold every oil and gas stock during 2019, in a few they made buys and TGA is one of them. B.L. Rudoff who builds a position here had bought EGY at $1 (now at $2.30) and GSB around $3.50 (now above $9).
Great production update today. The company gets almost zero respect. It continues to pump out more oil and natural gas at levels that exceed expectations. It distributes a dividend to shareholders. It continues to make good on promises and yet it trades at levels as if oil was at $40 a barrel. Oil has been down over the past couple of weeks and it#$%$ this company hard. However, it will pick up again, and when it does TGA will be better positioned than ever to take advantage. Keep up the great work Transglobe.
4.6% Dividend Yield..
Any news here or reason for nosedive?
For what it's worth I'm expecting TGA may raise the dividend slightly when the announce it in about 2 months. It may end up being only a half cent to a 4 cent semiannual payout. But any positive move on that front would get others to take a serious look at the company going forward.
Tga trades at absurde levels, book value is around 3$ but a fair value valuation is 4/5$
Not a bad pick up, solid quarter and a dividend payment for shareholders on 9/13 for those holding shares as of 8/30.
OK folks whatever happen to the semiannual dividend announcement that did not come? X-dividend date was 8-29-19 and that suggests there should be another X-dividend date of 2-28-20 for the semi dividend. Still time for that news but it should have been announced on their earnings call a couple of weeks ago.
Ready to lift off🚀🚀🚀🚀🚀🚀🚀🚀
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