TGA Chart looks very good
Posted: Thu Oct 14, 2010 5:29 pm
I'm not an expert "chart reader" but the last two days for TGA look very good. It is up big on heavy trading volume. The move over $10 may be significant in that it allows more funds to invest. It definitely looks like some big buy orders are coming in.
TGA is now up 225% YTD.
TGA made several presentations recently and I think it is now paying off for them.
Here is where I think TGA is heading:
Year - Production - Earnings - Cash Flow per share
2010 10,175 BOPD $0.70 EPS with $1.21 CFPS [Production rate heading into 2011 s/b near 12,000 BOPD
2011 14,500 BOPD $1.26 EPS with $1.95 CFPS [Exit rate near 17,500 BOPD and share price over $20]
2012 20,000 BOPD $2.08 EPS with $3.00 CFPS
All of this growth is being funded by operating cash flow. With Oil over $80/bbl, TGA is generating a ton of excess cash flow.
OXY and Total are getting ready to spud exploration wells in Yemen that TGA holds 25% & 20% in. These prospects have "Game Changing" potential which is not included in the numbers above. My guess it, that's why the stock is running up.
Dan
TGA is now up 225% YTD.
TGA made several presentations recently and I think it is now paying off for them.
Here is where I think TGA is heading:
Year - Production - Earnings - Cash Flow per share
2010 10,175 BOPD $0.70 EPS with $1.21 CFPS [Production rate heading into 2011 s/b near 12,000 BOPD
2011 14,500 BOPD $1.26 EPS with $1.95 CFPS [Exit rate near 17,500 BOPD and share price over $20]
2012 20,000 BOPD $2.08 EPS with $3.00 CFPS
All of this growth is being funded by operating cash flow. With Oil over $80/bbl, TGA is generating a ton of excess cash flow.
OXY and Total are getting ready to spud exploration wells in Yemen that TGA holds 25% & 20% in. These prospects have "Game Changing" potential which is not included in the numbers above. My guess it, that's why the stock is running up.
Dan