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Triangle Petroleum Corporation Message Board

  • incy201 incy201 Dec 26, 2013 4:25 PM Flag

    Energy Stocks

    Of the 24 stocks I have on my watch list 4 are energy related and the only ones red today.
    If we see the dip in oil as many are prognosticating in the first qtr as the dollar strengthens you might get a real buying oppty

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    • dip in oil? It's over $100 again ... what gives?

      Is hard winter giving the perception that it's time to sell the Bakken? Time to be buyin' when others are cryin'!!!

      • 1 Reply to minnesotafarmcountry
      • Combination of factors here. First off, TPLM is now trading in line with its sector and the year-end profit taking spurred by an incorrect read on the eps "miss", dive below the $10 mark required by some funds and money managers, year end cash requirements to pay taxes and a general lack of enthusiasm for long term growth/reward by too many shareholders thinking they bought winning lottery tickets with this company. Secondly, there are headwinds to Bakken oil. The price of oil might be back around $100, but Bakken oil is selling at a negative $14 to WTI, which is selling well below Brent. That is primarily, as I understand it, the extraordinary cost of getting the oil to market in the absence of pipelines. The refineries buying Bakken oil sell the refined products at WTI and/or Brent prices, so they are doing very well right now. Additionally, most of the small cap exploration companies are still showing red on the profit line. And...don't forget you are in the winter quarter where oil production and sales are somewhat hampered by sub zero temperatures. With that all said, TPLM is a profit making company. RockPile is still not firing on all cylinders yet and its income is not dependant on the price of oil. CM is still in its infancy and although paid TPLM a nice dividend of $3.15M this quarter will not start to show its income potential until the 2015 3rd or 4th quarter. Guidelines for production have been upped. EPS projections have no been appropriately adjusted. TPLM should be fine. We just have to ignore all the stupid hype on this board by people who make no contributions. The cheerleading up or down with predictions about share price tomorrow, next month or next summer without any substance, create nothing but clutter around here. Just stay atop the Bakken production news, weather in ND keep an eye on production reports from TPLM and I think we will all be ok.

    • Of the oils on my screen the big oils are up, small oils down. COP is marginally up but up, CVX up 1.38, XOM up 1.73, a new high. Conversely, TPLM, MHR, KOG, etc all down on the day.


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