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home / news releases / TGL:CC - TransGlobe Energy: I Expect Higher Netbacks

TGL:CC - TransGlobe Energy: I Expect Higher Netbacks

Transglobe Energy Corporation
  • My estimations show that TGA’s 2Q 2022 crude oil netbacks will be higher than in Q2 2021 and Q1 2022.
  • Due to the continuing war in Ukraine and US sanctions against Iran oil, I expect oil prices to remain high for the rest of 2022.
  • Thus, I estimate higher than Q1 2022 crude netbacks for Q3 and Q4 2022.
  • Even if the oil price declines, the company will be preserved because of the company’s free cash flow generation ability.
  • My valuation indicates that the stock is a buy and has an upside potential to reach about $5-$6.

For further details see:

TransGlobe Energy: I Expect Higher Netbacks
Stock Information
Company Name: Transglobe Energy Corporation
Stock Symbol: TGL:CC
Market: TSXC
Website: trans-globe.com
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