1. quarterly earnings missed expectations by a few pennies. 2. oil is down substantially since last month 3. more sellers today than buyers
IMHO, TGA is presenting a better buying opportunity here than AAPL, which you asked about earlier. I own both but believe TGA upside potential is better than AAPL's (%-wise).
TGA -1.41 to 11.88, earnings were lower than my expectations. Production was up sharply as per guidance, but Q1 EPS was only a bit better than Q4, after adjustments. Cash flows were strong which is also an important metric.
I sold my remaining shares this morning. TGA has had a great run since the December low of $6.75, so it's no surprise to see a selloff on this report.