TransGlobe Energy (TGA)

[dan_s]

Macquarie Equity Research has issued a 20 page report on TGA. They have listed it as "Outpreform" and given it a price target of $10Cdn (about $9.50 U.S.).

IMO Fair Value for TGA is $8.15 and you can add $2.00 for Exploration Upside.

Macquarie is very high on TGA's frac program in the West Gharib area of Egypt.

I will be sending out a Company Profile on TGA in a few days.

Dan

PS: You should all have gotten the EPG Newsletter via e-mail today. Let me know what you think.