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home / news releases / TGA - Transglobe Energy Is As Cheap As They Come


TGA - Transglobe Energy Is As Cheap As They Come

Transglobe Energy (TGA) just reported a pretty decent quarter. Cash flow from operating activities is pretty generous considering the price of the common stock.

Source: TransGlobe Energy Second Quarter 2019, Earnings Press Release

Note that this Canadian company whose operations are mostly in Egypt reports in US dollars.

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.

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Stock Information

Company Name: TransGlobe Energy Corporation
Stock Symbol: TGA
Market: NASDAQ
Website: trans-globe.com

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