London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Stockhouse, the Canadian financial website, has a lot of valuable and factual information about TGL. Many insightful comments there by knowledgeable shareholders. Check TGL's forum on Stockhouse below. Must Read:
https://stockhouse.com/companies/bullboard?symbol=t.tgl
This astute bullish article about TGA was out a few days ago on Seeking Alpha website:
https://seekingalpha.com/article/4242583-transglobe-energy-will-benefit-egyptian-announcement
I quote the SUMMARY below:
Summary
This stock trades for less than 2 times 2018 annual cash flow.
Production is growing.
The yield is backed by a strong working capital position.
This management will live within its cash flow.
Egypt proposes to add more incentives to encourage oil and gas industry expansion.
See again the new presentation slide 6 below with CapEx for 2019 being just US$34 million, which is well below the projected annual operating cash flow in 2019, so TGA will generate additional FREE cash flow this year:
https://www.trans-globe.com/upload/announcement/132/06/2019-01-30-january-corporate-presentation-final3.pdf
TGA has made two major oil discoveries in Egypt, Ghazalat and El Elamein. The Ghazalat site is open and accessible while TGA is currently working with the Egyptian government to get again access to the El Alamein site, which is a military area. News on El Alamein can be out any day now. Both wells flow at very strong rates. Both oil discoveries are gushers, see their drilling results below:
https://www.trans-globe.com/news?article=101
Meanwhile, production from its Cardium wells in Canada is growing and the company tied in 6 Cardium wells in January 2019, see slide 17 in the presentation below:
https://www.trans-globe.com/upload/announcement/132/06/2019-01-30-january-corporate-presentation-final3.pdf
https://www.trans-globe.com/upload/announcement/132/06/2019-01-30-january-corporate-presentation-final3.pdf
See slide 4 of the presentation.
TGA at US$2.06 per share has Enterprise Value at almost US$120 million, so it currently trades less than 2 times its annual cash flow. Ridiculously cheap.
Importantly, TGA will keep generating FREE cash flow this year because its CapEx is less than US$50 million in 2019, according to the company's news.
See also the sequential production growth below. This production growth will continue in 2019:
https://www.trans-globe.com/news?article=105
14,400 boepd in Q3 2018
15,270 boepd in Q4 2018 (see presentation)
And the 4 new Cardium wells that were tied in early January 2019 will push production above 16,000 boepd in Q1 2019. Actually, production has exceeded 16,000 boepd since December 2018, read the news below:
https://www.trans-globe.com/news?article=105
TGA's current Enterprise Value of approximately US$130 million is less than 2 times its annual cash flow. Dirt cheap.
TGA gives 4% dividend (paid semi-annually), has production growth sequentially thanks to the recent oil discoveries in Egypt (Gazhalat and El Alamein) and in Canada (new Cardium wells were tied in early January 2019), net debt is NEGATIVE (cash exceeds debt) and generates FREE cash flow every quarter, so the cash will keep rising in 2019.
The CEO says that they will likely use the free cash flow to grow the company through acquisitions, if they find the right takeover targets. So it's not only the organic growth in Egypt and Canada but the company will most likely accelerate its production growth this year by acquiring other companies thanks to its free cash flow.
valued equivalent to 140p in canada but trading at 157.50p in UK,
its trading at 148.50 equivalent in Nasdaq too, UK mm's playing dirty games.
pull the price down.
it trading at equivalent to 149.60 in canada but here 162.50p, are the mm's taking the mick
I’ve got shares in touchstone gold. What happened to them and how can I get in contact
edit: 177.50p
still not good enough, valued at £1.62 in canada yet its £177.50 in UK. Over inflated price here!!!
Hmm, aim exhange is valuing the company at £1.92 whil in the tsx its valued at £1.72p converted, thats 20p difference.
there hasnt been any trades in uk yet the price is higher, they need to be similar...
Anyone know what happened to Touchstone Gold?
https://www.youtube.com/watch?v=ifFCo3TA76o 15 Sep 2017
https://www.youtube.com/watch?v=eUPP03FYpLQ 18 Sep 2017
https://www.youtube.com/watch?v=77fjTjaXsYA 2 Feb 2018
https://www.youtube.com/watch?v=hzk8xp7b-NI 3 Feb 2018
Not a share available so far. Mkt cap 150m and only 72m shares in issue, shared between 3 exchanges. 15Kbopd and growing.
Tgl comes to market today
TSX listed TGL Transglobe energy comes to the AIM market Friday ,they have sold just under 1m barrels this quarter . Producing 15k boepd very large drilling campaign underway in Canada and Egypt. they have 800k barrels in storage also . Only 72m shares in issue with a small free float .Wildly undervalued at £125m .
http://www.trans-globe.com/
http://www.lse.co.uk/media/transglobe-energy-upps-output-and-benefits-from-higher-oil-price.html
Suppose i better put these in because it looks as though I will not last to get anything back from this lot lol
SD, Shame on YOU, wasting the time of the company, and potentially the HMRC, with this silly nonsense about a negligible value claim. That is what is contemptible. The company has made great progress over the last few years, doubling GOS's turnover, controlling costs, and now looking to expand more into the private sector and RTO. Moreover, they have been very accommodating in chatting to investors on the phone, and welcoming their input. But they are not your unpaid IFA. Would you please stop wasting their time, and polluting these boards, with your silly nonsense, as you are sounding like a whingeing little child.
"Built your own tailored solutions with API" Who is/was responsible for the proof reading?
GOS website updated which is good to see.
and again, still no reply about the tax status of this company, useless, absolutely useless and contemptible bunch here.
These guys could get away with murder and the shareholders would just shut up and take it..............SHAME, no really.......SHAME on YOU!!!!!