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TGA - TransGlobe Energy Update Along With Our Way Forward
TransGlobe Energy Corporation
The reason we invest is for income, period. The more quality dividend-paying assets we have in the portfolio, the better. One such asset which we wrote about last month was TransGlobe Energy (TGA). We stated at the time that we needed to see more bullish behavior before making a concrete decision here. Well, since that piece, TGA has returned 17% as opposed to 5.3% from the S&P 500. As the long-term chart demonstrates below, shares have had a very strong December which has drove the RSI reading above 50 on the monthly setting. Despite the