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: Mid-Quarter Update for Q2/10
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TOBY PIERCE, GMP Securities
(06/03/2010)
"We are maintaining our BUY rating while increasing our target price by C$0.75/sh to C$9.00/sh based on TransGlobe's recently announced 2010 exploration & development program and recent success in Egypt. We have now included two additional prospects on the Nuqara Block, Diwan (C$0.06/sh risked, C$0.59/sh unrisked) and Raghama (C$0.29 risked, C$2.09 unrisked). As demonstrated in Q1, TransGlobe is capable of executing an active drilling program. The company is also able to self-fund its growing operations and offers a diverse portfolio of low to medium risk appraisal and exploration opportunities in its Egyptian and Yemeni portfolio. We like the company based on its high level of activity, consistent delivery of results and well balanced portfolio. 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 and remains a compelling buy. 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 take-out candidates for mid-tier producers in the region looking for high quality acquisition candidates." |
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More Experts
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