There are some stocks which have emerged as significant movers in the past week and one of those is that of TransGlobe Energy Corporation (NASDAQ:TGA). The stock has recorded gains of as much as 20% over the past week and over the course of the past month, the gains stand at 40%.
In such a situation, it might be a good idea for investors to take a closer look at TransGlobe Energy. Last week the company was in the news after it made an announcement with regards to an operational update. The company provided a summary of its production in different geographies.
The company noted that in the in the current quarter the production in its Egyptian operations had suffered a decline when compared to the performance in the second fiscal quarter. However, that was somewhat offset by the new drilling and well optimisation activities that TransGlobe Energy had undertaken.
On the other hand, the production in Canada dropped as the company continued to wait for the commencement of production from the new drilling. That is going to commence at some point in the fourth quarter of 2021. At this point, investors could do well to keep the TransGlobe Energy stock in their watch lists.
