RE:RE:VolumeI took a position in the company, buying on the way down during the past month. Its earnings are .65 share and most companies trade at 10x their earnings, so there is room for the share price to run. What I see is a dividend paying stock, that has signifigantly higher production than much larger cap companies(Tethys, Pharos). I'd hesitate to buy into any company that exclusively operates in Canada due to our leadership from Ottawa. TGL passes because of its Egyptian operations. If you take a good look at the chart TGL has traded at higher levels than this, when it does trade at year lows it rallies over the 2 dollar mark.
TGL also gets a passing grade because of the insider buying during the past year.
As for technicals we could face a sharp reversal due to the Santa Claus rally.
Between now and April is when oil and gas companies trade higher.