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 >
GMP Securities Initiates Coverage of TGL
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TOBY PIERCE, GMP Securities
(03/09/2010)
"We are initiating coverage of TransGlobe with a BUY rating and C$6.40 price target. We like the company based on its high level of activity and feel that the stock is a buy given that its current share price is fully supported by its Core NAV of C$5.40/sh. TransGlobe is currently trading on 2.6x 2011 EV/DACF with self-funded growing operations and we believe offers a free option on its Egyptian and Yemenese upside. TransGlobe Energy Corporation is an international exploration and production company, with operations in Yemen and Egypt and headquartered in Calgary. . .Reserves at year-end stood at 24.2 mmboe of 2P and production at the end of January exceeded the 10 mboe/d mark. We feel that TransGlobe's share price is undervalued relative to its exploration prospectivity and investors are overlooking management's track record for delivering consistent production and cash flow. Further, management is slowly transforming the firm into a more balanced exploration, production and development story with a bigger focus on Egypt, and we believe will be one of several more attractive takeout candidates for mid-tier producers in the region looking for high-quality acquisition candidates." |
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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 >