TGL:CC News and Press, Transglobe Energy Corporation From 08/31/22

Summary TGA’s 2Q 2022 petroleum and natural gas sales increased by 29% YoY to $109 million. I predict a 3Q 2022 crude oil average realized price of $87 per barrel for TGA. I estimate that the company’s 3Q 2022 revenues and FFO will be $95 million and $36 million,...

Revenues for the second quarter of 2022 were $127.51 million compared to $53.14 million for 2Q'21. Production for the second quarter of 2022 was 9,211 NRI Bop/d (or 10,587 working interest WI Bop/d), up 14.9% from the same quarter a year ago and up 14.4% sequentially. On July 14, ...

HOUSTON, Aug. 15, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY), a Delaware corporation ("VAALCO"), today announced that its Board of Directors has set the record date for a special meeting of its stockholders to consider and vote on its proposed strategic business comb...

Transglobe Energy press release ( NASDAQ: TGA ): Q2 GAAP EPS of $0.44. Revenue of $74.69M (+47.5% Y/Y). Second quarter sales averaged 12,609 boe/d including 104.0 Mbbls sold to EGPC for proceeds of $11.8 million and one cargo lifting of 451.0 Mbbls of entitlement crude...

The information contained within this Announcement is deemed by TransGlobe Energy Corporation to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Calgary, A...

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Below, repeated in full, is an update announcement released by VAALCO Energy Inc. ("VAALCO") in connection with the proposed arrangement between the Company and VAALCO. Houston, Texas and Calgary, Alberta--(Newsfile Corp. - August 8, 2022)...

Crude oil finished its biggest weekly decline since early April , with prices sliding near their lowest levels in six months on signs that a global economic slowdown is weighing on demand. Front-month WTI crude oil ( CL1:COM ) for September delivery fell 9.7% for the week to...

Gainers: Clearwater Paper ( CLW ) +19% . Empire Petroleum ( EP ) +12% . Nouveau Monde Graphite ( NMG ) +9% . Losers: TransGlobe Energy ( TGA ) -17% . VAALCO Energy ( EGY ) -17% . Newpark Resources ( NR ) -16% . ProPetro Holdi...

VAALCO Energy announced a stock-for-stock merger with TransGlobe Energy. The target and acquirer were cheaply priced relative to their fundamentals, but the synergies from the deal appear elusive. The market didn't appreciate the announcement either and wiped out overnight $50 mil...

This merger appears to favor VAALCO shareholders. The cash flow comparison does not take into account the new (more profitable) Egyptian contract. The current market is a buyers' market. Management could probably do better by waiting for a sellers' market to develop later in the b...