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 >
Growth-Oriented TGL
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TOBY PIERCE, GMP Securities
(03/22/2010)
"TransGlobe is currently producing 9,920 boe/d (Feb 2010) from its Egyptian (60%) and Yemeni (40%) assets and has guided that 2010 average production will be 10-10.5 mboe/d. This target could increase based on recent success with drilling at Arta and Hana. TransGlobe has drilled 17 new wells on Hana and Hana West, discovering 6 new pools in Egypt. . . .We are maintaining our 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$5.26/sh. With an accelerated 2010 exploration program, we believe that TransGlobe is a growth-oriented international story with a share price that is undervalued relative to its exploration prospectivity. We see exploration activity continue to build and potential upside from the fracing program at Atra as key drivers of the story. Further, management is slowly transforming the firm into a more balanced exploration, production and development story with a bigger focus on Egypt, and should be one of several more attractive take-out 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 >