TransGlobe Energy recently abruptly crashed at the C$3.50 per share mark. The stock tried to stay over the 200-day moving average. However, the bears got too strong.
This recent decline is a great opportunity for me to rebuild the small position I had last spring. I believe the company is undervalued at this level. On the other hand, I will keep this position small compared to my portfolio because of the obvious risks of operating in Egypt.
Disclosure: I am long TGL.