TransGlobe Energy – a deep value pure play on Canadian oil.

TransGlobe Energy Corporation is a cash flow focused international oil and gas company whose current activities are concentrated in Egypt and Alberta, Canada.

Honestly, not much to say about the individual company, EPS history is good and they are making record profits with the high oil prices, similar to other Canadian oil companies.

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The real kicker here is the valuations:

P/E: 2.56

Dividend Yield: 11.49%

Debt: none

Cash on hand: 14% of the market cap.

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I won't get into the global macros, but commodities are going to continue doing excellent, and these valuations are stunningly low.