Market Capitalization: US$525m P/E (2013F): 7.1x
Enterprise Value: $400m P/TNAV (2012A):1.4x
30 day ADVT: $4.9m P/OCF (2013F): 4.0x
Auditor: Deloitte LLP P/OCF (2014F): 3.7x
EV/EBITDA (2013F): 3.1x
Transglobe is an upstream oil company, with production assets predominantly in Egypt; dual listed in Canada and USA.
Contrarian due to multiple factors impacting sentiment, despite a strong track record in value creation and potentially material near-term cash returns to shareholders.
Whilst country risk is perennial, the substantial "noise" has resulted in a well run company, with meaningful upside and limited downside (in all but a disastrous scenario) having being mispriced by the market, providing a very favourable overall risk/reward.
Why is it Contrarian?
Egypt: the onset of the Egyptian revolution...
Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: