TransGlobe Energy Corp fka TGA

[THREE-DAY-TRADER]

Excellent Letter by Montrusco Bolton Investments... Really emphasizes what I've already seen on TGA as value here longer term.
I love their recommendations from their letter highlighted below:
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Montrusco Bolton Investments Inc. Invites Shareholders to Urge the Board of Directors of TransGlobe Energy Corporation to Take Action
MONTREAL, Dec. 17, 2015 /PRNewswire/ -
Letter Sent on December 15th, 2015:

We believe that TGL's shares based on a 2P NAV should be worth approximately CAD $3.07 per share, representing an upside of 36% to the current market price based on the current forward strip.
We hereby urge the board of directors to take the following actions immediately in order to unlock shareholder value:

(i)
Deploy no less than half of the current net cash position into a substantial issuer bid in order to buy back up to 30% of outstanding shares
(ii)
Improve the Company's oil reserves more aggressively and efficiently through an acceleration of the Company's exploration program
(iii)
Introduce a minimum "real share" ownership policy for board members and senior executives
(iv)
Refresh the board of directors to include individuals who can bring a fresh new perspective on core actions that can enhance shareholder value. We also urge you to eventually initiate a proper process to sell the Company