OTCPK:SNPTY - Post by User
Comment by
thianon Jan 20, 2012 8:10am
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Post# 19425664
RE: very undervalued oil company
RE: very undervalued oil company I have TransGlobe in my portfolio. I purchased it in 1993 at 1.03$. Last year it rose to over 20$ and has retreated to this current price range.
My main problem is the Country of Risk. Production has stopped in Yemen due to the constant damage to the pipeline infrastructure (I am sure that you are aware of that fact). The second Country of Risk is Egypt. With the emergence of the Muslim Brotherhood as a political force is causing me concern at this moment.
The problem with TransGlobe is the country of risk factor