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Ford Motor Co. Message Board

limitspecs38 46 posts  |  Last Activity: Aug 25, 2014 6:29 PM Member since: Sep 6, 2012
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  • per Aug. 25 NDIC.............

    #26910 - TRIANGLE USA PETROLEUM CORPORATION, HAGEN 149-100-9-4-7H, SESE 9-149N-100W, MCKENZIE CO., 630 BOPD, 491 BWPD - BAKKEN

    #26911 - TRIANGLE USA PETROLEUM CORPORATION, HAGEN 149-100-9-4-8H, SESE 9-149N-100W, MCKENZIE CO., 590 BOPD, 384 BWPD - BAKKEN

  • limitspecs38 limitspecs38 Aug 23, 2014 10:28 AM Flag

    win, I bet Whiting is one of the signed up customers of Caliber.......Whiting has a close relationship with TPLM - they are already a large RockPile customer so this is huge due to the number of Whiting/Kodiak wells/nat.gas thruput potential........................not to mention frack water, waste water, etc........

  • limitspecs38 limitspecs38 Aug 23, 2014 9:41 AM Flag

    Last year when there were a lot fewer producing wells and a much lower % of wells gathering nat. gas, CEO stated the nat. gas they were gathering at the time amounted to the equivalent of 500 boepd..........

    TPLM's Caliber Division is a $ maker and will grow into a huge $ maker in the future.....The CEO stated recently that of the 3 divisions of TPLM, he is most excited about Caliber and it's potential.............

    Caliber also signed up their first 3rd party customers last quarter.......will be an interesting update in a couple of weeks.........

  • the golf course".......Jimmy Fallon..............obama - the Bu tt King of Late Night Jokes.........

  • In TPLM's latest presentation, CEO stated that TPLM's Caliber Division is gathering/selling 90% of their produced nat. gas................

    The flaring issue in North Dakota is a big deal and will continue to be a big deal until the industry moves towards gathering more natural gas and not being so wasteful.

    While the new laws and regulations passed by North Dakota will go a long way in helping force compliance by drillers in collection efforts, the largest companies in the area need to do more to prevent the environmentalists from gaining traction in the region. EOG Resources (NYSE:EOG), Continental Resources (NYSE:CLR) and Whiting Petroleum (NYSE:WLL) need to lead the push because they have the scale and the resources to fast track this initiative and bring the smaller producers along by having the pipeline companies constructing pipeline projects with sufficient natural gas capacity sooner rather than later.

  • Reply to

    Tickets please

    by dh_ymb Aug 21, 2014 7:41 PM
    limitspecs38 limitspecs38 Aug 22, 2014 2:01 PM Flag

    I'm with you lex - can't see selling prior to earnings which CEO stated would be the best quarter in TPLM history.........Look what happened last fall when record earnings were reported in Sept 2013 followed by another strong report in December.....................stock price went to all time highs even when WTI weakened to the low $90's in November.............last fall there were only a couple million short shares vs 9-10 million this year.........more fuel for the fire...............plus the merger/spin-off news in the air........................I'm holding......................

  • same time the stock price spiked........guess someone liked what they heard..................3 weeks 'til earnings.........

  • limitspecs38 limitspecs38 Aug 19, 2014 12:32 PM Flag

    a ploy - my thoughts exactly win.....it was good PR (and truthful PR) to get the value up. I never thought TPLM was/is in any hurry to rid RP - they will most probably at least get RP's 4th spread value into the mix before getting more serious......

  • Reply to

    Alpha Piece re. Triangle breakup....

    by nypd2726 Aug 19, 2014 9:18 AM
    limitspecs38 limitspecs38 Aug 19, 2014 10:24 AM Flag

    The author did take the conservative route in valuing RockPile at $69 million EBITDA x 6.6 = $455 million for FY 2015, which ends January 31, 2015. However, in the last earning conf. call, TPLM CEO stated a 4th RP spread will be up and running early in calendar year 2015 and that RockPile EBITDA will hit at a $100 million run rate in calendar 2015 which puts RP worth $660 million in a year or so..................

  • Reply to

    TPLM presentation out today.................

    by limitspecs38 Aug 18, 2014 9:30 AM
    limitspecs38 limitspecs38 Aug 18, 2014 9:52 AM Flag

    yep mark, TPLM mgt. has always been conservative on their forward guidances and have always beat their forward guidances........that's what they do...............

  • TPLM production guidance issued May 14, 2014 of 9500-10,500 boepd is now increased to 10,500-11,500 boepd for 2nd half FY 2015 which ends January 31, 2015......

    Recent high yield offering allows capital budget to be fully funded through FY2017 with operating cash
    flow and credit facility borrowings.

    RockPile's 3rd spread fully operational with backlog of 31 wells in which 18 wells are 3rd party as of end Q1. RockPile has been doing work for 10 x 3rd party customers.....

    RP's 4th spread will be up and running in 6 approx. 6 months.....

  • limitspecs38 limitspecs38 Aug 12, 2014 11:09 AM Flag

    dh, you can bank on it that TPLM will do what's best for shareholders......TPLM mgt are shareholders.....TPLM CEO stated that RockPile EBITDA will be in the $100 million run rate in calendar year 2015 and RP peer value runs approx. 6.6 x EBITDA.........RP's 4th spread's equipment is due to arrive Nov. 2014 and that crew will be operating early 2015........

    Secondly, there have been no talk about trying to sale/spin off "ASAP" as noted above........TPLM is supposedly only interviewing investment bankers at this time......TPLM has not even commented on this yet...........

    "Triangle Petroleum Corp. (TPLM), an energy company backed by NGP Energy Capital Management LLC, has begun seeking an adviser for the sale of its oilfield-services business, people familiar with the matter said.

    "Triangle, which in June said it may consider splitting off the business called RockPile Energy Services LLC, is interviewing investment banks to manage the sale, said the people, who asked not to be identified because the matter isn’t public. It may also sell or spin off pipeline operator Caliber Midstream Partners LP after RockPile, one person said. "

  • Reply to

    RockPile Value

    by limitspecs38 Aug 8, 2014 1:03 PM
    limitspecs38 limitspecs38 Aug 8, 2014 1:09 PM Flag

    million, not billion...............

  • limitspecs38 by limitspecs38 Aug 8, 2014 1:03 PM Flag

    June earnings call transcript - CEO says RockPile run rate could hit $100 billion next year - calendar year 2015.......I believe the going value for RP peer companies is 6.6 x EBITDA....

    Also, RP's 4th spread's equipment is scheduled to arrive late calendar year 2014 and I believe CEO stated they are looking at possibly going outside the Bakken on this 4th spread......If that happens, they will need several spreads in that new oil basin in order to fully synergize support/maintenance personnel, etc........

    So, I don't see a rush to sale/spin off RP until more value is built up......

    Ron Mills - Johnson Rice & Company
    Right. And then lastly, the timeframe, John, to get -- you look at your second half FY15 EBITDA target for RockPile is approaching $85 million, $86 million. But if we look out the next 18 to 24 months, is it still that kind of timeframe where you think that both RockPile and Caliber are able to be at that $100 billion EBITDA run rate?

    Jonathan Samuels
    Yeah. no change to that timeline. RockPile definitively I think is in 2015, calendar year 2015.

  • Reply to

    No spin off

    by gpulver55 Aug 7, 2014 2:28 PM
    limitspecs38 limitspecs38 Aug 7, 2014 5:12 PM Flag

    nothing happens with RockPile until the 4th spread is up and running at full throttle bringing in rev/earnings..................Caliber is still too much in its infant stage to sell/spin off in the short term.....

  • The best quarter in the history of TPLM (per TPLM CEO) will be reported early September (Dec - probably another record), short covering, TPLM now be on radar screen, and Sept-Dec strong seasonal wise...................makes for good times ahead............

  • limitspecs38 limitspecs38 Jul 23, 2014 12:15 PM Flag

    Iran takes a page from Putin's book and plays Amateur obama for the fool that he is.......obama, our Community Organizer, just doesn't have what it takes to compete on the world stage..........I guess obama, in fundraiser mode, is not so bad after all......................

  • limitspecs38 limitspecs38 Jul 23, 2014 8:03 AM Flag

    fool8675, war? Who said war? All obama needed to do was/is to keep or increase sanctions and keep Iranian assets frozen...................but then, obama's in charge so Failure is expected.....

    now wake up outta your funk.........

  • Reply to

    Doing any work for Whiting?

    by winallin12 Jul 18, 2014 9:37 AM
    limitspecs38 limitspecs38 Jul 20, 2014 12:14 PM Flag

    win, with Whiting/Kodiak combination and Whiting apparently RockPile's largest customer, the 4th spread coming on stream at year end or so could be solely dedicated to Whiting/Kodiak wells..........

  • Reply to

    Doing any work for Whiting?

    by winallin12 Jul 18, 2014 9:37 AM
    limitspecs38 limitspecs38 Jul 19, 2014 1:04 PM Flag

    win, see last sentence.........1/14/2014 article on fracking.......

    That in mind, RockPile Energy Services hosted a tour group Tuesday in efforts to educate about the controversial but hugely popular hydraulic fracturing process.“As you guys are well aware, fracking is a bad word in the industry,” RockPile CEO Curt Dacar said to the group of community businesspeople and his own employees.

    Dacar said the lesson originated with his own employee training — crews who had been working in the fracking industry even four or five years still hadn’t gained a complete understanding of the science of it, so this helped.

    Another example of that trend was a part of Tuesday’s tour as Dacar showed the 25-minute film “Down Deep,” a professionally produced film commissioned by WPX Energy that purports to clear up the fracking debate, but has a nuanced leaning toward industry.

    Denver-based RockPile provides fracturing services for various Williston Basin operators, with much of its business coming from Triangle Petroleum Corp. and Whiting Petroleum Corp.

F
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