TGL: Shaping Up

DAVID POPOWICH, Macquarie Research (03/14/2011)
"While Q410 actuals came in below our estimates, we believe the market is more focused on TransGlobe's production growth in the near- to medium-term. . .Management indicated that the resolution of completion backlogs could bring an additional 2,000–3,000bbl/d of production onstream in the next month, putting the company in good shape to meet annual production guidance of 13–13.5mbbl/d."

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