The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
TGL: Globetrotting to Egypt and Yemen
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Canaccord Genuity's Morning Coffee (01/29/2010)
"On Wednesday, TransGlobe released its 2009 year-end reserve report. The company saw 40% 2P reserve growth in Egypt while Yemen 2P reserves saw a 5% decline, reflecting the mature nature of these producing assets. Total company 2P reserves increased 22% to 24.2 million barrels and reserve value increased 122% over end of 2008. An increase in its Egyptian reserves reflects the impact of the company's successful 2009 development drilling and incremental waterflood recovery programs. Ongoing development in Egypt, coupled with the company's new East Ghazalat Concession farm-in provides further upside and further potential incremental reserve additions. As a result of the increase in reserve base and including his estimated exploration potential upside, Canaccord Adams Oil & Gas Analyst Fredrick Kozak increased his target price. The next catalyst for the stock is expected to be the exploration well results on the company's new East Ghazalat Concession expected in mid-to-late February, as well as results from the near-continuous drilling program ongoing in the West Gharib Concession." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >