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Stock impact report

Transglobe Energy Is As Cheap As They Come [Seeking Alpha]

TransGlobe Energy Corporation - Common Shares (TGA) 
Last transglobe energy corporation - common shares earnings: 11/9 02:01 am Check Earnings Report
US:NASDAQ Investor Relations: trans-globe.com/investors
Company Research Source: Seeking Alpha
Transglobe Energy Is As Cheap As They Come Summary Six month cash flow was $35 million before changes in non-working capital accounts. A major discovery well should be producing soon. Rapid production growth this year seems assured. Two more discovery wells were successfully drilled. The balance sheet is in great shape with a strong cash balance. Transglobe Energy ( TGA Source: TransGlobe Energy Second Quarter 2019, Earnings Press Release Note that this Canadian company The cash flow before changes in noncash working capital was an impressive $34 million at the six month mark. $19 million of that occurred during the second quarter. Even though the quarterly and six month comparisons are negative, production has begun to grow in earnest. A significant discovery is due to begin production in the fall to further aid in the production growth. Source: TransGlobe Energy June 2019, Investor Presentation The discovery shown above In the meantime the company drilled two more exploratory wells. Show less Read more
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