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:
Source: November corporate presentation
I now have skin in the game.
Disclosure: I am long TGL. Not for republication on Seeking Alpha.