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 Raises Target on TGL
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TOBY PIERCE, GMP Securities
(09/14/2010)
"In August, TransGlobe's production averaged 10,204 boe/d—an 8.6% increase over July. Production during the first 12 days of September has averaged 10,644 boe/d. . .We estimate production for 2010 will be 10,080 boe/d. The exit rate for 2010 is expected to be ~11,000 boe/d. We are maintaining our BUY rating and increasing our target price from CAD$9 to CAD$10.60 following early success in East Arta and operational efficiencies on the Hoshia and Arta blocks. We look to January when a reserve and resources report will be released, which, we believe, will include significant reserve additions. We continue to like the company based on its high level of activity, ability to execute its work program and well-balanced portfolio. Management has transformed the firm into a more balanced exploration, production and development story with a bigger focus on Egypt. We feel the stock is a BUY given that TransGlobe is self-funded with growing operations and has a diverse portfolio of low to medium risk appraisal and exploration opportunities in its Egyptian and Yemeni portfolio." |
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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 >