TransGlobe Energy (TGA)

[dan_s]

"TransGlobe Energy (TGA) is a Canadian oil & gas explorer focused on projects in Egypt and Yemen. After reaching an all time high of $18.71 in December 2010 the shares declined significantly since the onset of the political turmoil in Egypt in January 2011. The share price deterioration appears exaggerated given the company's solid operating performance throughout the political unrest in Egypt. Furthermore, the recent ratification of new concessions underpins the stability and growth of the business and point to a significant valuation distortion."

This analyst believes TGA will soon trade over $12/share. I am expecting strong Q3 results next week, which should help + I think they are very close to a deal with the Egyptian government to get caught up on their payments.

Read This: http://seekingalpha.com/article/1778282 ... e_readmore