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TGA
Posted: Thu Apr 14, 2011 12:08 pm
by dan_s
I have (finally) gotten around to updating my forecast model for TGA, which is now back on our Watch List.
Kim should have it posted under the Watch List tab late today.
Re: TGA
Posted: Sat Apr 16, 2011 2:04 pm
by dan_s
Since TGA is a pure play on Middle East oil and all of it's production comes from Egypt and Yemen it does have more geopolitical risk than all of the companies on our Watch List. That said, I would rate it a Strong Buy under $14.50.
Ignoring the geopolitical risk, I give it a Fair Value of $22/share based on my Net Income and Cash Flow model. You can find my forecast model under our Watch List tab.