TGA Transglobe Energy Corp featured news, full reports, and detailed charts
Transglobe Energy Corp (TGA) Wrap Up:
TransGlobe is an independent, Canadian-based, international upstream oil and gas company whose main business activities include exploration, development and production of crude oil, natural gas liquids and natural gas. The Company has exploration and production operations in Canada and in the Republic of Yemen and an exploration project in the Arab Republic of Egypt. During the past three years, TransGlobe has developed its business interests through a combination of exploration and development and to a lesser extent, acquisitions and dispositions, primarily focusing on three Production Sharing Agreements ("PSAs") in Yemen (a 13.81087% working interest in Block 32, a 25% working interest in Block S-1 and a 33% working interest in Block 72), in central Alberta, Canada and a Concession Agreement in the Arab Republic of Egypt (a 50% working interest in Nuqra Block 1). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2006%2f08%2f09%2f0001062993-06-002321.html#FIS_BUSINESS"www.trans-globe.com
40 Employees
Founded in 1968
Transglobe Energy Corp (TGA:NASDAQ)
LAST $3.55 USD
CHANGE TODAY +0.11 3.20%
VOLUME 166.4K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Transglobe Energy Corp (TGA)
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OPEN
$3.40
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PREVIOUS CLOSE
$3.44
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DAY HIGH
$3.60
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DAY LOW
$3.40
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52 WEEK HIGH
10/21/09 - $4.70
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52 WEEK LOW
11/21/08 - $1.62
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MARKET CAP
231.9M
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AVERAGE VOLUME 3 mo
134.6K
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DILUTED EPS TTM
$-0.05
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SHARES OUTSTANDING
65.3M
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TGA Does Not Pay Dividends
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P/E TTM
NM
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TGA Top Compensated Officers
Mr. Ross G. Clarkson P. Geol.
Chief Executive Officer, President and Direct...
Age: 55
Total Annual Compensation: C$288.8K
Mr. David C. Ferguson CA
Chief Financial Officer, Vice President of Fi...
Age: 56
Total Annual Compensation: C$210.0K
Mr. Lloyd W. Herrick P.Eng., ICD.D
Chief Operating Officer, Vice President and N...
Age: 56
Total Annual Compensation: C$252.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Transglobe Energy Corp (TGA)
TransGlobe Energy Corp. expected to Report Fiscal Year 2009 Results on March 11, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).
11/9/2009
TransGlobe Energy Corp. expected to Report Fiscal Year 2009 Results on March 11, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).
TransGlobe Energy Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Earnings Guidance for the Full Year 2009
11/5/2009
TransGlobe Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter of 2009, TransGlobe recorded funds flows from operations of $12.6 million against $16.775 million of previous year period. For the nine months ended September 30, 2009, funds flows from operations were $35.361 million compared to $53.133 million for the same period last year. The company provided earnings guidance for the full year 2009. Funds flow from operations are expected at $47.0 million. Exploration and development spending is budgeted to be $35.2 million, a 20% decrease from 2008.
TransGlobe Energy Corp. Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/5/2009
TransGlobe Energy Corp. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, net loss was $1,618,000 or $0.02 basic and diluted loss per share on revenue of $28,631,000 compared to net income of $24,790,000 or $0.41 basic and diluted income per share on revenue of $51,478,000 for the same period last year. Net loss from continuing operations was $1,618,000 or $0.02 basic and diluted loss per share from continuing operations compared to net income from continuing operations of $24,787,000 or $0.41 basic and diluted income per share from continuing operations for the same period a year ago. Cash flows from operating activities were $1,264,000 against $20,652,000 of previous year period. Exploration and development expenditures were $10,599,000 compared to $18,755,000 for the same period a year ago. For the nine months ended September 30, 2009, net loss was $10,933,000 or $0.17 basic and diluted loss per share on revenue of $70,504,000 compared to net income of $23,883,000 or $0.39 basic and diluted income per share on revenue of $96,156,000 for the same period last year. Net loss from continuing operations was $10,933,000 or $0.17 basic and diluted loss per share from continuing operations compared to net income from continuing operations of $15,691,000 or $0.26 basic and diluted income per share from continuing operations for the same period a year ago. Cash flows from operating activities were $24,205,000 against $46,541,000 of previous year period. Exploration and development expenditures were $28,005,000 compared to $29,933,000 for the same period a year ago.
TGA Competitors
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Industry Analysis
| Valuation | TGA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.4x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 4.8x |
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| TEV/Sales | 1.7x |
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TGA |
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TGA transactions
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Buyback
September 4, 2009 |
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More Recent News About Transglobe Energy Corp
More news for TGA
TransGlobe Energy Corporation to Present at the Oil & Gas Conference(R)
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TransGlobe Energy Corporation Announces Second Quarter 2009 Financial and Operating Results
CALGARY, ALBERTA--(Marketwire - 08/06/09) - TransGlobe Energy Corporation (TSX:TGL - News) (NASDAQ:TGA - News) ("TransGlobe" or the "Company") is pleased to announce its financial and operating results for the three and six-month periods ended June 30, 2009. All dollar values are expressed in United States dollars unless otherwise stated. The conversion to barrels of oil equivalent ("Boe") of natural gas to oil is made on the basis of six thousand cubic feet of natural gas being equivalent to one barrel ("Bbl") of crude oil. With the sale of TransGlobe's Canadian assets having closed on April 30, 2008, the results from the Canadian segment of operations are being presented as "discontinued operations" in this document. HIGHLIGHTS- Achieved record production levels in Q2-2009 of 9,619 barrels of oil per day ("Bopd"), a nine percent increase over Q1-2009;- Increased funds flow from operations by 63% over Q1-2009 to $14.1 million ($0.22 per share);- Recorded a net loss of $4.4 million ($0.07 per share), which includes a $3.4 million ($0.05 per share) unrealized derivative loss on commodity contracts;- Repaid $5.0 million of long-term debt; and- Funded capital expenditures entirely with f...Click here to read the whole Article (external link)
TransGlobe Energy Corporation Announces Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwire - 09/04/09) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL - News) (NASDAQ:TGA - News) (announced today that the Toronto Stock Exchange ("TSX") has accepted its Notice to Make a Normal Course Issuer Bid (the "Bid") to purchase, from time to time, as it considers advisable, up to 6,116,905 of its 65,327,839 currently issued and outstanding common shares (being no greater than 10% of the public float, which is 61,169,048 common shares) on the open market through the facilities of the TSX. In accordance with the rules of the TSX governing normal course issuer bids, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 16,757 shares representing 25% of the average daily trading volume of TransGlobe shares on the TSX calculated for the six-month period ended August 31, 2009, provided, however, that the Company may make one block purchase per calendar week which exceeds the daily re-purchase restriction. The price that TransGlobe will pay for any common shares under the Bid will be the prevailing market price on the TSX at the time of such purchase. Common shares acquired under the Bid will be canceled. The Bid wil...Click here to read the whole Article (external link)
TransGlobe Energy Corporation Appoints Mr. Gary S. Guidry to Board of Directors
CALGARY, ALBERTA--(Marketwire - 10/06/09) - TransGlobe Energy Corporation (TSX:TGL - News) (NASDAQ:TGA - News) ("TransGlobe" or the "Company") today announced the appointment of Mr. Gary S. Guidry to its Board of Directors. Mr. Guidry is the fifth independent Director of TransGlobe. Mr. Guidry brings over 30 years of experience in the oil and gas industry to TransGlobe. He was recently appointed President and CEO of a new subsidiary company of Sprott Resource Corp. that will focus on international development projects. Prior to his latest appointment, Mr. Guidry served as CEO of Tanganyika Oil Company Ltd., which under his leadership between May 2005 and December 2008 grew production to approximately 25,000 barrels per day of oil and saw a share price increase from Cdn$6.50/share to Cdn$31.50/share at the time the company was sold to Sinopec International Petroleum Exploration and Production Corporation. Previously, Mr. Guidry served as President and CEO of Calpine Natural Gas Trust; Senior Vice President and subsequently President of Alberta Energy Company International, an entity now part of EnCana Corporation; President and General Manager of Canadian Occidental Petroleum's (now Nexen Inc.) Nigerian operations. He h...Click here to read the whole Article (external link)
TransGlobe Energy Corporation Provides Mid-Quarter Update for Q3 2009 and Notice of Peters & Co. Conference Participation
CALGARY, ALBERTA--(Marketwire - 09/10/09) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL - News) (NASDAQ:TGA - News) is pleased to provide a mid-quarter production and operations update for the third quarter of 2009 and announce the Company's attendance at the 2009 North American Oil & Gas Conference in Toronto hosted by Peters & Co. Ltd. PRODUCTION UPDATETotal sales for August averaged 8,590 Barrels of oil per day ("Bopd"), made up of 5,490 Bopd from the West Gharib fields in the Arab Republic of Egypt ("Egypt") and 3,100 Bopd from TransGlobe's interests in the Republic of Yemen ("Yemen"). Production in August was approximately 500 Bopd below plan primarily due to equipment upgrades and pump changes at West Gharib.In September, total sales to date have averaged 9,100 Bopd. TransGlobe remains on track to meet production guidance for the full year of between 8,800 and 9,200 Bopd.OPERATIONS UPDATEArab Republic of Egypt ("Egypt"), West Gharib (100% working interest)Hana West #7 was drilled and cased as a potential dual zone oil well in August. The well encountered the Lower Rudeis B formation (which tested 450 Bopd in the Hana West discovery well, Hana 18) and e...Click here to read the whole Article (external link)
TransGlobe Energy Corporation: Release Date for Third Quarter 2009 Financial and Operating Results and Conference Call
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
TransGlobe Energy Corporation Announces Third Quarter 2009 Financial and Operating Results
CALGARY, ALBERTA--(Marketwire - 11/05/09) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL - News) (NASDAQ:TGA - News) is pleased to announce its financial and operating results for the three and nine-month periods ended September 30, 2009. All dollar values are expressed in United States dollars unless otherwise stated. The conversion to barrels of oil equivalent ("Boe") of natural gas to oil is made on the basis of six thousand cubic feet of natural gas being equivalent to one barrel ("Bbl") of crude oil. With the sale of TransGlobe's Canadian assets having closed on April 30, 2008, the results from the Canadian segment of operations are being presented as "discontinued operations" in this document. HIGHLIGHTS- Production of 8,864 barrels of oil per day ("Bopd"), a 28% increase over third-quarter 2008 production;- Positive funds flow from operations of $12.6 million or $0.19/share;- Net loss of $1.6 million or $0.02/share, a significant improvement over the second quarter of 2009;- Strong balance sheet maintained with a low debt-to-funds-flow ratio of 1:1.3; and- Capital expenditures of $10.6 million covered entirely by funds flow from operations.Corpo...Click here to read the whole Article (external link)
Q3 2009 TRANSGLOBE ENERGY CORP Earnings Release - Before Market Open
Earnings Announcements for Thursday, November 5CompanySymbolTimeConferenceCall21st Century HoldingTCHC2:00 pm ET3I INFRASTRUCTURE3IN.LBefore Market OpenAbiomed, Inc.ABMDBefore Market OpenListenABOVENET INCABVTAfter Market CloseListenAbraxis BioScience, Inc.ABIIBefore Market OpenListenAccelrys Inc.ACCLAfter Market CloseListenACI Worldwide, Inc.ACIWBefore Market OpenACTIONS SEMICONDUCTOR CO LTDACTSAfter Market CloseActive Biotech ABACTI.STTime Not SuppliedActivision Blizzard, Inc.ATVIAfter Market CloseAdecco SAAHEXF.PK01:00 am ETAinsworth Lumber Company Ltd.ANS.TOAfter Market CloseAir MethodsAIRMAfter Market CloseAker ASAAKERTime Not SuppliedALAMOS GOLD INCAGI.TOBefore Market OpenAlaska Communications Systems GroupALSKAfter Market CloseAlexandria Real Estate...Click here to read the whole Article (external link)
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