Value Microcaps Junior Energy

[UIC Jeff]

TGA Up .11 to $9.15

New article on Seeking alpha:
TransGlobe Energy: Near-Term Upside Potential Even With Political Uncertainty

I agree with the author. Picked up more TGA shares below $9.00 last week. The 52 week high will continue to decline and converge on the current share price as the stock fell from $11.00 to 9.34 in Late Dec 2012. This will cause it to pop up on stock screeners etc, as a stock nearing a 52 week high, which might be a further short term catalyst.

In either case the fundamentals in the stock have improved over the last year with the new leases and growth in production. I'm expecting TGA to climb to 10 bucks by the end of the year and perhaps get back in the 15-20 CAD range in 2014.

Been a long time follower of the stock since Raging Bull, the CEO Ross Clarkson, has a great track record in Egypt for over ten years.