TGA needs to be profitable at 45 buck Brent... | TGA Message Board Posts

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Msg  4261 of 4853  at  2/11/2019 2:55:41 PM  by

wriskit


 In response to msg 4259 by  Flying_trader
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Buy

Re: TGA needs to be profitable at 45 buck Brent...

 FT, the last figures we have for TGAs consolidated cost of production of a bbl of oil is under $10, from the 3rd Q 2018 financial report, but we never show a new profit, only positive  cash flow that allows TGA to be functional and even pay an occasional div. I fully agree that oil prices may be volatile within the suggested price ranges. However, the USA still needs to import 40% of it's oil needs, currently around 18MM bbls/day .down from the 20MM bbls of some years ago. Pres. DT thinks the US can become self-sufficient, but he also thinks coal is clean. His ideas would drive the price of oil back to the $20s dry up supply, but its not likely to happen. 
 
We still need a positive report of production progress from management .
 
 


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Msg # Subject Author Recs Date Posted
4262 Re: TGA needs to be profitable at 45 buck Brent... Flying_trader 3 2/11/2019 11:48:48 PM


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