The company reported a 6.0% lift in quarterly production, ahead of the broker’s forecasts. Guidance for 2015 has been reiterated.
The recent debt refinancing should provide some certainty and the broker considers the asset has upside potential. The stock also remains a potential consolidation candidate in the broker’s opinion. UBS retains a Buy rating and 20c target.
Target price is $0.20.Current Price is $0.07. Difference: $0.13 – (brackets indicate current price is over target). If TGS meets the UBS target it will return approximately 63% (excluding dividends, fees and charges – negative figures indicate an expected loss).