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TGL:CC - TransGlobe Energy: Cash Flow Guidance Under The New Contract
Transglobe Energy Corporation
The company is about to have a growth spurt that could last decades.
I intend to ride this growth spurt to its logical end which is not in sight.
Cash flow is likely to rise over time even if oil prices pull back.
The contract with Egypt provides for cost recovery. That lowers the typical upstream risk.
The amount of potential reserves to recover under the new contract is huge compared to the company size. That amount will likely grow as technology continues to advance.