Up to 23.571M shares of Magnum Hunter (NYSE:MHR) could be offered by selling shareholders from time to time.SEC Form 424
"Buyers must have been listening to the Denver presentation yesterday"
If the presentation was that good, how come 'Mr. Market' doesn't think so? This is getting to be kinda ridiculous!
"DENVER, Aug. 19, 2014 /PRNewswire/ -- Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) has scheduled the release of its second quarter fiscal year 2015 financial results after the close of trading on Monday, September 8, 2014.
Triangle will host a conference call on Tuesday, September 9, 2014 at 8:30 AM MT (10:30 AM ET) to provide an operational update and financial results of Triangle's second quarter fiscal year 2015, followed immediately by a question and answer session. Triangle expects to file its quarterly report on Form 10-Q and issue a press release providing an operational update and financial results prior to the conference call. The press release will be available upon issuance on Triangle's homepage."
"Sum Of The Parts Analysis
In order to analyze Triangle's businesses as stand-alone entities, I will be using the enterprise value to EBITDA metric. The EV/EBITDA metric will create a more accurate representation of the company's true value than a traditional price to earnings multiple. This is due to the high level of debt and other liabilities on the company's balance sheet. Also, I am more comfortable using the fiscal year 2015 guidance for each of these businesses shown below because I feel as though it depicts a more conservative and realistic look at what the company is worth.
It is important to note that the annualized second half 2015 guidance is used in the company's May presentation, which will explain any discrepancies between my valuation and the one presented within the Triangle's presentation."
"Triangle Petroleum: A Value-Enhancing Breakup On The Horizon
Aug. 19, 2014 2:51 AM ET | 2 comments | About: Triangle Petroleum Corporation (TPLM)
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in TPLM over the next 72 hours. (More...)
Triangle Petroleum outlined a potential breakup scenario in a presentation released in May of this year in which it would break itself up into three stand-alone entities.
Triangle has already begun interviewing investment bankers about the possible spinoff of its oilfield services business, RockPile Energy Services.
A sum of the parts analysis shows that Triangle's stand alone businesses would be worth more than the company as a whole.
Separately Triangle's businesses should be worth $13.08 a share. 18% higher that Friday's closing price of $11.06."
"This stock is toucher than a junk yard dog."
"Beat it down and it comes right back."
Are you serious? Lately, we've seen lower highs and lower lows (we closed under 11 yesterday), and you think this stock is tougher than a junk yard dog?
Gotta put ya on ignore, buddy. Please, no hard feelings. It's just that I loathe bashers and shorts. That means I hate you.
Bye, bye, you lose, no lie, don't cry..........
Sentiment: Strong Buy
"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.
RockPile, which provides pressure pumping services in the Williston Basin in the Midwestern U.S., generated revenue of about $194 million in the year through January -- including sales to other Triangle units, data compiled by Bloomberg show. The unit has an estimated market value of $572 million, the Denver-based company said in a May presentation, citing the relative value of its publicly-traded peers.
At the time, Triangle had a market value of almost $800 million, which increased to about $880 million at the end of last week. Caliber, the pipeline unit, had an estimated value of $212 million, according to the same presentation.
“In my mind, these businesses are not getting full value in the stock today,” Triangle Chief Executive Officer Jon Samuels said on a company earnings call in June, according to a transcript of the call. “Ultimately, it turns back to these businesses standing on their own and being separate.”
Triangle rose 9.1 percent to $11.15 as of 3:42 p.m. in New York, giving the company a market value of about $960 million."
"Penn Virginia Corporation Announces Closing of Sale of Mississippi Assets and Receipt of Proceeds From Arbitration Settlement
Pro Forma Liquidity of Approximately $625 Million and Pro Forma Leverage Ratio of 2.5 Times
RADNOR, Pa., Aug. 4, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today announced that it has closed the previously announced sale of its Mississippi assets to an undisclosed buyer. The gross cash proceeds of the sale were approximately $73 million. In addition, we received approximately $35 million, including accrued interest, as a settlement of arbitration related to our significant 2013 Eagle Ford acquisition.
As of June 30, 2014, we had total debt of $1,130 million, including $55 million outstanding under our revolving credit facility (Revolver). As separately announced, in July 2014, we closed the sale of our rights to construct and operate a crude oil gathering and intermediate transportation system covering a portion of our Eagle Ford acreage for $150 million. Also in July 2014, we announced an approximate $45 million acquisition in the Eagle Ford, of which approximately $34 million will be paid up front and the $11 million balance will be a drilling carry. Pro forma for these transactions, the Mississippi divestiture and the arbitration settlement, our leverage ratio under the Revolver at June 30, 2014 was approximately 2.5 times trailing twelve months' pro forma Adjusted EBITDAX and our liquidity was approximately $625 million."
"Halcon Resources Corp (NYSE:HK) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Monday.
HK has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Friday, June 27th. They now have a $8.00 price target on the stock, up previously from $5.50. Separately, analysts at Miller Tabak initiated coverage on shares of Halcon Resources Corp in a research note on Wednesday, June 25th. They set a “buy” rating and a $9.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Halcon Resources Corp from $7.00 to $9.00 in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.03."
Hey, d-head, here's the piece:
"INVESTING 8/01/2014 @ 1:05PM 433 views
Halcon Resources Stock Getting Very Oversold
Energy Stock Channel Energy Stock Channel , Contributor
Comment Now Follow Comments
In trading on Friday, shares of Halcon Resources Corp (NYSE: HK) entered into oversold territory, changing hands as low #$%$58 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30."
Yes, well, every board has at least one 'Mr. Wonderful'. I guess you're aspiring for that distinction here.
You'd probably be a bit more convincing if you learned how to spell.
Well, as I said, I felt that 13 was the bottom as relates to today's action. Yes, we took a beating today because of the miss. However, the overall market took a beating today for various reasons (e.g., middle east, Ukraine, Argentina). Did we deserve to get whacked today? I would say yes. BTW, I agree with your comment about the CC being weak.
Guaranteed, a comment by Soros is forthcoming, sooner rather than later.
"It hurts me to say that I'll probably be adding on somewhere in the 13's."
Yep, that's what I said. However, I never thought it would sink to the low 13's! This is unreal!