Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (54297)	10/16/2004 5:54:28 PM
From: Taikun	Respond to of 74559

Hi Condor, I think TGL.TO (TGA) has some very interesting prospects. 2004 CF USD14.5m, 0.27 cents CFPS. PE 14.51. Fairly valued on a PE basis. 2005 projected CF USD24m, 0.44 cents CFPS. Assume PE 15, target price of USD6.6, CDN8.25. The nice things about TGL are: minimal debt, cashflow can fund drilling, strong drilling prospects. Kind of like a free lottery ticket on oil in Yemen. The drilling bocks they have (just south of Saudi) are mouth watering. The minimal debt is nice but it would also be nice to see more spending on exploration. I owned this one for awhile and sold a couple of weeks ago. My question is when will the market revalue this company based on 2005 est CF? I imagine that will be around the November earnings release. Do you think it can double in 1 year? David