A 200K share block just crossed in the pre-market at $14.32. Some institution's 3Q was just cleansed. I suppose there will be more of these by Sept. 30.
This is acting well. We're an operations update away from a real upside move. Maybe it comes for the IPAA presentation in 11 days.
That's a good response and probably good advice. Thanks. Take a look at the operations update today from Bellatrix (BXE) for what I mean and how I think Ross could have handled this. When you keep your update too narrow you get punished more than perhaps you should.
spdrama, I don't quibble with your logic for the Niobrara or something close to Denver; it was your comment: "fully booked and backlogged already in the Bakken with the 4th spread already booked to a new and valuable client in the Williston Basin." That is clearly incorrect based on James' comment. Being wrong is defensible, but your condescending attitude is not.
It's a good signal robry835 sends because when a negative share price prediction appears which is based on misleading information on production, you know somebody is worried about upside control.
They said it's headed to a new basin and the Permian is where capacity is needed, service prices are rising and margins are fat. Multi-basin participation will be important to establishing the max RP value for the spin out.
Wunderlich Securities Sees Solid F2Q15 Results For Triangle Petroleum Corporation
10:48a ET September 9, 2014 (Benzinga) Print
In a report published Tuesday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $14.00 price target on Triangle Petroleum Corporation (NYSE: TPLM).
In the report, Wunderlich Securities noted, “Solid F2Q15 results as EPS is in-line with estimates while production and revenues beat nicely. The company reported EPS of $0.15 that was in-line with the Street's estimate and just ahead of our $0.14 forecast. These results were driven by higher-than-expected production and higher revenue generation from Rock Pile that bodes well for the future of TPLM in our view. The E&P business continues to grow at levels that exceed expectations. Production from the segment came in at 10,551 boe/day, a full 1,100 boe/day ahead of our 9,400 boe/day and well ahead of the Street's 9,700 boe/day estimate. This looks to be driven by continued strong activity, lower drilling times for wells and continued productivity gains from the company.”
Triangle Petroleum Corporation closed on Monday at $11.60.
So Bush and Boyuls have resigned from the board leaving the opportunity to bring on some recognizable Midland veterans. We're lacking industry types. Jason's stock buy looks like a cry in the wilderness, and this is where a board member is expected to step up along with the CEO. The restaurant types have been dead weight and Jason makes a mistake highlighting the board in his presentations IMO.
Don't stop at 2%, big dog. Anybody blowing their horn on a Yahoo board had better step up and show more or be totally discounted. Your move and I'm prepared to doff my hat to you.
More oil must be found AND prices for it must remain robust. If prices weaken and debt pay down slackens or doesn't really get off the ground, the dividend will have to go.
Schiller has proven over and over his talk is cheap, no matter how well intentioned.