Corridor Resources: Unloved, Unknown, With 2 Golden Options

  • Corridor’s natural gas business in New Brunswick will be profitable, despite the moratorium.
  • The company has a pristine balance sheet, with no debt and over $23M in cash.
  • It has a quick ratio of over 29, which indicates absolutely no financial pressure in the short term.
  • The market is completely ignoring the tremendous Old Harry and Anticosti Island prospects.

Click here to read the entire article on Seeking Alpha.

Alfa And Harbour Buy Pacific Rubiales Energy For An Opportunistic $6 Per Share

  • Speculation ended last night as Pacific Rubiales is being bought at around $6 CAD per share.
  • This offer is at the low end of the valuation I discussed in my previous article.
  • With the oil market slowly recovering, I would expect better returns holding on to the stock for the longer term instead of letting go at this price.

Click here to read the entire article on Seeking Alpha.

Look For A Short-Term Pullback In TransGlobe Energy

TransGlobe Energy had a great run in the past month, following my articles on Seeking Alpha. However, on a technical point of view, you should expect a short-term pullback. As such, I believe it is time to sell the stock and buy it back in the short-term afterwards.

TGL June 10


Indeed, it seems that the stock couldn’t break the C$5.40 mark. Furthermore, the MACD is about to cross downward. The stock might test the 200-day moving average again in the short-term.

Disclosure: I am long TGL.