Transglobe Energy

TGL-T

Analysis and Opinions about TGL-T

Signal
Opinion
Expert
COMMENT
COMMENT
April 8, 2015

An oil stock in Egypt. Clean balance sheet. Everything looks good and it screens well, but he wakes up in the morning wondering what is happening in Egypt, and are they going to get paid from the government. He doesn’t mind this one, it is just that he can buy oil stocks in Canada and not worry about the International risk. The best way to play this is through their convertible debenture, which is trading at around $.85 on the $1. The yield to maturity is 11%.

An oil stock in Egypt. Clean balance sheet. Everything looks good and it screens well, but he wakes up in the morning wondering what is happening in Egypt, and are they going to get paid from the government. He doesn’t mind this one, it is just that he can buy oil stocks in Canada and not worry about the International risk. The best way to play this is through their convertible debenture, which is trading at around $.85 on the $1. The yield to maturity is 11%.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$4.910
Owned
No
DON'T BUY
DON'T BUY
February 5, 2015

They are in Egypt and he is worried how likely they are to collect their receivables there. He has owned their bond, but generally likes to take the geopolitical risk out of the equation.

Transglobe Energy (TGL-T)
February 5, 2015

They are in Egypt and he is worried how likely they are to collect their receivables there. He has owned their bond, but generally likes to take the geopolitical risk out of the equation.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$3.850
Owned
Yes
DON'T BUY
DON'T BUY
January 30, 2015

The problem with this stock is that it hadn’t been moving up with a lot of the other oil stocks over the last year. On energy stocks, you want to wait for the next 6 months before buying in the sector. This one may have a little more downside yet.

Transglobe Energy (TGL-T)
January 30, 2015

The problem with this stock is that it hadn’t been moving up with a lot of the other oil stocks over the last year. On energy stocks, you want to wait for the next 6 months before buying in the sector. This one may have a little more downside yet.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$3.700
Owned
Unknown
HOLD
HOLD
May 21, 2013

Has been hit. Market has been discounting companies in Egypt because payments have been delayed. But they are doing better in the field. Trading at low levels relative to their barrels of production. Egypt will recover.

Has been hit. Market has been discounting companies in Egypt because payments have been delayed. But they are doing better in the field. Trading at low levels relative to their barrels of production. Egypt will recover.

Josef Schachter
President, Schachter Asset Management
Price
$7.750
Owned
Unknown
BUY
BUY
April 30, 2013

Have built up production and concentrated for a long time in the Middle East. Have transitioned nicely into Egypt and have made some tremendous discoveries there. They find that they are getting paid very quickly. Quality of the oil and the net backs they are getting are quite handsome. Extraordinarily profitable company. Political risks scare many investors off.

Have built up production and concentrated for a long time in the Middle East. Have transitioned nicely into Egypt and have made some tremendous discoveries there. They find that they are getting paid very quickly. Quality of the oil and the net backs they are getting are quite handsome. Extraordinarily profitable company. Political risks scare many investors off.

Martin Davies
Portfolio Manager, Brickburn Asset Management
Price
$7.980
Owned
Unknown
COMMENT
COMMENT
February 12, 2013

Trading very cheaply because of the Yemen issues, but more importantly the Egyptian political issues. There have been no difficulties in the field. Longer-term, you want to stay with it because it will do quite well but will require some patience.

Transglobe Energy (TGL-T)
February 12, 2013

Trading very cheaply because of the Yemen issues, but more importantly the Egyptian political issues. There have been no difficulties in the field. Longer-term, you want to stay with it because it will do quite well but will require some patience.

Josef Schachter
President, Schachter Asset Management
Price
$8.750
Owned
No
COMMENT
COMMENT
February 1, 2013

Canadian-based but most of its action is in Egypt. Company indicated they are well away from all the problems. Oil/gas industry is a large producer of earnings for the country so regardless of who is running the government, they are quite happy to have them continue. Earnings PE multiples are low. When there is more stability in the political situation, then you could look at entering the stock.

Transglobe Energy (TGL-T)
February 1, 2013

Canadian-based but most of its action is in Egypt. Company indicated they are well away from all the problems. Oil/gas industry is a large producer of earnings for the country so regardless of who is running the government, they are quite happy to have them continue. Earnings PE multiples are low. When there is more stability in the political situation, then you could look at entering the stock.

Robert McWhirter
President, Selective Asset Management
Price
$8.700
Owned
No
DON'T BUY
DON'T BUY
January 25, 2013

Likes the management team and the oil field is very prolific and are extracting oil at very, very low op costs. Biggest issue is that it is located in Egypt. With Egypt’s sovereign issues being questioned, it is questionable if this company can collect the receivables from the government.

Transglobe Energy (TGL-T)
January 25, 2013

Likes the management team and the oil field is very prolific and are extracting oil at very, very low op costs. Biggest issue is that it is located in Egypt. With Egypt’s sovereign issues being questioned, it is questionable if this company can collect the receivables from the government.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$8.580
Owned
No
DON'T BUY
DON'T BUY
January 9, 2013

Has been taking his weighting down over the last 1.5 months. This is a situation where you need to separate the company from the country they are operating in, Egypt. Egypt has been experiencing some tremendous political upheaval and it seems that the situation is becoming more unstable..

Has been taking his weighting down over the last 1.5 months. This is a situation where you need to separate the company from the country they are operating in, Egypt. Egypt has been experiencing some tremendous political upheaval and it seems that the situation is becoming more unstable..

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$8.890
Owned
Yes
COMMENT
COMMENT
November 2, 2012

Oil/gas based in Egypt. Has been under pressure because of the quasi-nationalization of a gold company, which is subject to debate. Thinks this one is well away from any concerns about nationalization as the oil/gas patch is a huge producer of foreign exchange for Egypt. They employ locals at very good safe conditions and above average working conditions. Just won 4 blocks in Egypt’s 1st post-revolution onshore licensing round, which is significant as it gives them a great opportunity to expand over the next 2-3 years and to move towards the 40,000 barrels production target that they have.

Transglobe Energy (TGL-T)
November 2, 2012

Oil/gas based in Egypt. Has been under pressure because of the quasi-nationalization of a gold company, which is subject to debate. Thinks this one is well away from any concerns about nationalization as the oil/gas patch is a huge producer of foreign exchange for Egypt. They employ locals at very good safe conditions and above average working conditions. Just won 4 blocks in Egypt’s 1st post-revolution onshore licensing round, which is significant as it gives them a great opportunity to expand over the next 2-3 years and to move towards the 40,000 barrels production target that they have.

Robert McWhirter
President, Selective Asset Management
Price
$12.060
Owned
Yes
TOP PICK
TOP PICK
April 18, 2012
One of the top 2 oil producers in Egypt. Most of their activity is in Egypt. Their Yemen activity is fairly quiet. 5X price earnings multiple is based on 2012 cash flow and is expected to grow almost 50% this year, 25% next year and production could double over the next 3 to 5 years.
One of the top 2 oil producers in Egypt. Most of their activity is in Egypt. Their Yemen activity is fairly quiet. 5X price earnings multiple is based on 2012 cash flow and is expected to grow almost 50% this year, 25% next year and production could double over the next 3 to 5 years.
Robert McWhirter
President, Selective Asset Management
Price
$12.890
Owned
Yes
TOP PICK
TOP PICK
April 18, 2012
One of the top 2 oil producers in Egypt. Most of their activity is in Egypt. Their Yemen activity is fairly quiet. 5X price earnings multiple is based on 2012 cash flow and is expected to grow almost 50% this year, 25% next year and production could double over the next 3 to 5 years.
One of the top 2 oil producers in Egypt. Most of their activity is in Egypt. Their Yemen activity is fairly quiet. 5X price earnings multiple is based on 2012 cash flow and is expected to grow almost 50% this year, 25% next year and production could double over the next 3 to 5 years.
Robert McWhirter
President, Selective Asset Management
Price
$12.890
Owned
Yes
DON'T BUY
DON'T BUY
November 30, 2011
Have 2 assets, Yemen and Egypt. This has affected the stock price. In the field, there operations have not been impacted but he would write the assets as zero.
Transglobe Energy (TGL-T)
November 30, 2011
Have 2 assets, Yemen and Egypt. This has affected the stock price. In the field, there operations have not been impacted but he would write the assets as zero.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$8.370
Owned
No
TOP PICK
TOP PICK
July 5, 2011
Market is shying away from this one because it is in Egypt. There have been no disruptions and they are being well treated by the government. Will be able to grow 40% every year. Have been able to make very good acquisitions because other companies are leaving Egypt.
Market is shying away from this one because it is in Egypt. There have been no disruptions and they are being well treated by the government. Will be able to grow 40% every year. Have been able to make very good acquisitions because other companies are leaving Egypt.
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$12.000
Owned
Yes
WAIT
WAIT
November 30, 2005
Calgary based with a focus in Yemen. Has done a great job of building production. Last couple of months, they've had some disappointments with some exploratory wells. The past growth is likely to slow down. Not particularily expensive, but will probably have to wait for some good news on their exploration.
Transglobe Energy (TGL-T)
November 30, 2005
Calgary based with a focus in Yemen. Has done a great job of building production. Last couple of months, they've had some disappointments with some exploratory wells. The past growth is likely to slow down. Not particularily expensive, but will probably have to wait for some good news on their exploration.
Fred Pynn
Portfolio Manager, Bissett Investment Management
Price
$6.190
Owned
No
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