Yes,patience is required,as TGS,does suffer from a DRC discount,so any doubts seem to stall,OR crash the SP. From July to November 2013, the S.P recovered strongly from an oversold/panic,on the back of strong announcements/increased revenues,with TGS looking to fund expansion from increased revenue. Then came the C.R AND early drawdown on the Gerald $50 mill. agreement,which seem to negatively impact sentiment(S.P 41C down to 28c/34c range). The Market seems to want to see that $93.4 mill. put to proven productive use,so perhaps(hopefully)by July/August 2014 the S.P will reflect that.ATM the choice is stay for the ride or sell out!
TGS Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
