Salman's Top Pick: TGL

GORDON CURRIE, Salman Partners (07/29/2010)
"The fact that the Canadian dollar has settled back below parity is a small positive for Canadian producers. Heavy oil prices continue to be a bright spot, though the differential widened out from 17.5% in the first quarter to 24.3% in the second quarter, a time when demand for heavy oil is normally seasonally higher. Circumstances continue to favor oil producers. . .and our TOP PICK, international explorer TransGlobe Energy Corporation (TSX:TGL C$7.66; NASDAQ:TGA US$7.37; TOP PICK; Target Price: US$9)."

 PRINT THIS PAGE   EMAIL THIS PAGE

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.

Related Quotes: