TransGlobe Energy Corp (USA) (NASDAQ:TGA)

outperform

This is a lean, mean, oil-producing machine: TGA. They keep a low profile, in the Arab world--- as they should;t heir growth comes at a very reasonable price, i.e., they use their money wisely partnering with other firms to get a foothold in new areas in Egypt. I look for them to begin limiting their exposure to the slow-pay situation in Egypt, trying other countries where the money flows sooner back to them. In Yemen, I look for them to put S-1 back on line by another route, hooking up to pipelines to the Gulf of Aden instead of the one which was cut by mountain tribes to the Red Sea. That brings immediately another 1,000 bopd added to their appx. 17,000 bopd now. Their stock will rise immediately when they put those wells back into production. Their growth can continue past four years if they continue to attain new bid awards at a reasonable price. Their 2012 average bopd will be appx. 22,000 bopd, as they always under-announce and over-perform. Lower oil prices are factored into their growth estimates so this is a non-factor with prices above $75.00 per bbl.

Exposed to geopolitical risk but a good value, I think. Plus nicely beaten down...

TGA has taken old fields and supercharged the production thru new finds and water floods. It is one of the fatest growing oil companies out there, and the last few deals have been big winners. Downside is in Egypt and Yemen.

The Company, through its wholly-owned subsidiaries, is primarily engaged in the exploration for, and the development and production of, oil and gas in Canada, in the Arab Republic of Egypt and in the Republic of Yemen.

I expect the company to continue to grow its production and reserves at an average of 50% per year over several years. Due to its very large portfolio of very prospective property and its large operating partnership and ownership positions I expect some even greater organic growth in the next 2-3 years via exploration and development with perhaps a doubling of production and reserves in 2011..

strong buy SYMBOL TGA GOES UP NEAR FUTURE 900%

Still evaluating major discoveries.

TransGlobe Energy Corporation (TransGlobe) is a Canadian-based oil exploration and production company. Continuing activities are concentrated in two main geographic areas: the Arab Republic of Egypt (Egypt) and the Republic of Yemen (Yemen). Drilling activity has increased, and oil will go up over time.

oil will not let down until we are out of it

Waiting over five years. Still an undervalued stock. I'm betting that patience will pay off.

Looks like we hit some gushers. Can't speak to the economics yet, but expect a huge bounce. Oil is coming in and prices are going up and merger or aquisition may be on the way. I've been in with cash over the past two years and payday is here.

TransGlobe knows how to run an oil company and find oil.

Good balance sheet and location.

Red Raider is Lord

price of commdities going up
dollar losing value
high demand for natural gas in foreign countries

small cap, profitable energy company. International exposure. possible acquisition target.

TGA has good price at $3.17

oil...