TGA/TGL - TransGlobe Energy Corp.

[Shawn]

This is the company I was telling some of you about at Norm's dinner. Basically, in addition to being cheap, management is also buying back stock. Keep in mind the political risk also involved with it's Egyptian assets. I think this is a potential takeover target or will do well over time. Anyways please check out the write up we did on this one. I'm looking for additional views & criticisms. I'm long TGL/TGA, my average cost is $3.70, I'm comfortable with what I have. My partner holds the U.S. dollar stock (TGA). I was surprised there weren't many looking at this or any threads on it made.

 

 

I don't mind any criticisms, I'm confident in my investment decision & intellectual strengths (and vulnerability), I'm here to learn and I'm smart enough to know I don't know everything. Let her rip ladies and gentlemen !!!!

 

(please note that the article was written in late October 2014)

TRANSGLOBE_ENERGY_CORP..docx

[Patmo]

Uncertainty about Egypt should abate eventually, its not like Russia where the sword of Damocles hangs over your head forever.

 

I stopped following the xompany, but things must have improved already if sp went up 60ish %. The company seemed confident a few months ago that Egypt was willing to do business with them. Has TGL received part of what was outstanding from them?

 

 

[ItsAValueTrap]

Their options accounting is sketchy.

https://glennchan.wordpress.com/2013/11/02/transglobe-energy-this-company-is-silly/

 

The political situation may have gotten A LOT better for them.  The new leadership in Egypt might be like Pinochet (bad for human rights, good for capitalism).

 

(please note that the article was written in late October 2014)

What article?

[cameronfen]

John Hempton (http://brontecapital.blogspot.com/) was short and probably still is .  Here is a link with some reasons why (http://www.marketfolly.com/2013/05/notes-from-2013-value-investing.html).  Its really short but the best I could find.  He says he generally has a 90% hit rate finding frauds, so he is pretty good at that (at least according to himself).