Ross Clarkson gave a very good presentation in Dallas today. We only had 18 show up but the quality was quite good. We should have near 100 on Friday in Houston.
Ross confirmed a lot of the stuff in my forecast model. My Fair Value estimate is quite conservative. Ross said today that production should be over 20,000 BOPD by year-end. All of their oil sells on contracts tied to Brent. Brent less $10/bbl is a conservative number to use in the forecasts. Brent closed over $110/bbl today.
TGA presentation
TGA presentation
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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wilmawatts
- Posts: 685
- Joined: Fri Apr 01, 2011 10:12 am
Re: TGA presentation
Awesome TGA presentation. Company very impressive, but the political risk is an issue that is difficult to quantify. None the less an impressive firm.
Also, note European oil inventories have fallen to a 8 year low! Wow, no wonder Brent is so strong. And oil demand continues to grow, commentary:
http://www.lsgifund.com/index_files/Page960.htm
Also, note European oil inventories have fallen to a 8 year low! Wow, no wonder Brent is so strong. And oil demand continues to grow, commentary:
http://www.lsgifund.com/index_files/Page960.htm