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Transglobe Energy Corp. buy Subdi

Start price
€0.29
12.10.20 / 50%
Target price
€1.00
04.11.21
Performance (%)
153.40%
End price
€0.75
15.12.20
Summary
This prediction ended on 15.12.20 with a price of €0.75. With a performance of 153.40% the BUY prediction by Subdi was a big success. Subdi has 50% into this prediction
Performance without dividends (%)
Name 1w 1m 1y 3y
Transglobe Energy Corp. - - - -
iShares Core DAX® 0.160% -1.640% 12.016% 15.557%
iShares Nasdaq 100 -3.020% -4.715% 37.102% 42.685%
iShares Nikkei 225® -2.519% -7.621% 18.066% 2.904%
iShares S&P 500 -1.377% -2.809% 26.536% 41.689%

Comments by Subdi for this prediction

In the thread Transglobe Energy Corp. diskutieren
Prediction Buy
Perf. (%) 153.40%
Target price 1.000
Change
Ends at 04.11.21

https://seekingalpha.com/news/3603861-transglobe-energy-reports-q2-results#comment-86659455

Have followed it for 15 years. Have been critical of management for 10 years as poor exploration drillers with dismal success rate.

However today Valuation (TTM)

Market Cap (last close) 29.02M

Enterprise Value 22.58M

Price/Sales 0.23

Price/Book 0.20

Price/Tangible Book 0.20

Price/Cash Flow 0.51

Enterprise Value/Sales 0.18

Enterprise Value/EBITDA 0.52

It is a rare oil stock without a debt problem about as much cash as debt and it is selling for below Free Cash Flow and at 1/5th book value and 1/4th Sales. Long term shareholders are disgusted have seen comments such as "will oil become worthless".

It was $3.50 2 years ago $1.30 in Feb and today bought it for .39. In 2010 it hit $20.

In the midst of this overvalued market TGA is way lower than most stocks get in bear mkt bottoms. In past they have gone frorm .40 to $10 in under 3 years.

Have found one serious problem they hedged some oil at $40(upside), which was dumb.

Still quite the deal. Cheers (edited)

Prediction Buy
Perf. (%) 153.40%
Target price 1.000
Change
Ends at 04.11.21

 Rendite (%): 177,21 %
 
... die Wette hat sich gelohnt, und jetzt nehme ich den Gewinn mit :-)
 
Grundsätzlich bin ich kein Freund von fossilen Rohstoffen, doch wenn eine Firma so brutal unterbewertet ist, finde ich einen kurzen Zock akzeptabel ;-)