TransGlobe Energy: I Bought Some

Added a small position this morning.

What I’ll be looking for in the coming months:

  • Funds flow from operations, meaning healthy heavy oil discount (management expectation: $10 per barrel).
  • Performance of the Canadian asset (management expectation: very bullish).
  • Egyptian oil production (management expectation: increasing production with the new drilling crew).

Some more info to look out for:

TGL November Presentation November 9

Source: November corporate presentation

I now have skin in the game.

Disclosure: I am long TGL. Not for republication on Seeking Alpha.