I agree, even if they did hypothetically diluted 50% (which of course they won't), this is still a $10 stock. There is no reason why TPLM won't be a $1 billion + market cap company in the next 2 years.
sector rotation almost complete...Iranian sanctions beginning to really bite....volume declining...better cover soon..all the traders are out, just the investors left and the short borrowing cost are going up..better cover
Dilution will probably be under 15%. The majority of this shelf will be used for preferred equity/debt. Think about it, the NGP deal was for $120 million which was essentially a preferred equity/debt deal at absolutely no expense to the shareholder. All it would take is 3 other investment firms to make similar deals and the entire shelf would be exhausted. You can pretty much count on at least 2 investment firms inking similar deals. This company is already 70% owned by insiders and institutions. Management is pretty much the furthest thing from stupid. In my honest opinion, they are far more competent than KOG was at this stage and will prove to be a market leader in 2-3 years in the Bakken. There are majors out there not even vertically integrating half as well at TPLM. Wake up folks. As the wise J.P. Morgan once said, "The best time to buy is when there is blood in the streets."