GFP Investments

Transglobe Energy: Opportunity Amid Uncertainty In Egypt


Sometimes the best investment opportunities present themselves when the situation looks bleak and emotions start to take over. The turmoil in Egypt has resulted in one of these opportunities. The share price of oil exploration and production company Transglobe Energy (NASDAQ:TGA) has declined significantly in recent months due to the deteriorating economic and political climate in Egypt, where the majority of its operations take place. To further complicate the situation, the military has ousted President Morsi, and it remains to be seen whether the country will be able to find its economic footing, or whether a lack of focus and discipline will continue to highlight economic policy. For investors with a longer investment horizon, this article will...

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