TGA - TransGlobe Energy: Holding Out For A Better Deal

Transglobe Energy (TGA) has appeared to have slowed down activity while the negotiations in Egypt proceed. For those who missed some past announcements, the Egyptian government had announced plans to issue contracts that encouraged more industry activity. It would be perfectly logical for this management to conclude the current negotiations and then upgrade the activity once there is a firm agreement with the Egyptian government.

Sure enough, management announced a budget that is weighted towards the second half of the year. The corona virus upended those plans to the extent that much of

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