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TGA - TransGlobe Energy: It Is All About Location And Cash
TransGlobe Energy Corporation
TransGlobe Energy (TGA) is a relatively cheap Egyptian oil producing company that reports in United States dollars. The company has been lumped in with all the latest Canadian challenges despite the fact that most of its production is not Canadian. That mispricing provides an investment opportunity for investors. Egypt has a long history of stability when compared to many of its neighbors. There is a very good chance that the current stability will last for decades. That gives this company an excellent chance to cash in on its lucrative Egyptian production contracts.