Great call. When you start listening to any analyst on any stock it's time to get off mommy's computer
It would be incredibly foolish to pay down debt. The capital markets are CLOSED to LINE at this time. They need to slash their dividend at least in half to remain viable. But paying down debt would be suicide.
Then you weren't listening. No one..AND I MEAN NO SMART INVESTOR, cared about the last quarter. The only thing that mattered on that conference call was what management had to say about cap-ex, balance sheet management and their view of how they steer the company should oil go to $60, or go to $50, etc. These guys are very good. They aren't managing their business based upon the day to day movement in their stock, nor should they.
the share price might be up another 40% or down 40% tomorrow. If one takes the time to listen to the conference call, understand that the credit facility was inked to $1 billion, understand that management is conservative in their balance sheet management, the stock is very cheap at these levels. Keep in mind that in sept TPLM traded in the $11 to $12 range.
Agreed. I could care a less what the stock does in the short term. I will continue buying lowe prices. Management is very smart, balance sheet is very strong. Others may not, but these guys will survive.
Conference call is going great. I love this stock despite the swoon. I'll wager that I've lost more today than your entire net worth. Pound sand loser.
loser. naysayer. i'd bet any amount of money that you aren't involved on either side. get off mommy's computer. go away
yesterday's news. completely irrelevant. all i care about is the conference call and management's outlook with oil down here. i remain long.
where'd you see the presentation slides? Not on the website yet.
Truthfiully that article was as useless as t_ts on a bull. Monday we will learn pretty much all we need to know. I will be on the call as will any serious investor. I could care a less if they beat or don't beat estimates. It will be all about how management will deal with $65 oil going forward. I expect good things.
DENVER, Nov. 24, 2014 /PRNewswire/ -- Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) has scheduled the release of its third quarter fiscal year 2015 financial results before the open of trading on Monday, December 8, 2014.
Triangle Petroleum Corporation.
Triangle will host a conference call that morning at 8:30 AM MT (10:30 AM ET) to provide an operational update and discuss the financial results of Triangle's third 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 at www.trianglepetroleum.com.
Interested parties may dial-in using the conference call number (888) 347-6610. International parties may dial-in using (412) 902-4292. The Company recommends dialing into the conference call at least ten minutes before the scheduled start time. A live webcast of the conference call can be accessed by visiting the following link: http://www.videonewswire.com/event.asp?id=101123.
We'll know a lot more on monday. I could care a less what the last quarter looked like. WIth oil down here all I care about is what management thinks. I am optimistic given they upped the credit facility to $1 Billion. Idiots who suggest BK is near becaus the stock price is down should have taken a few finance course in college. Or at least finished high school.
DENVER, Nov. 24, 2014 /PRNewswire/ --Â Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) has scheduled the release of its third quarter fiscal year 2015 financial results before the open of trading on Monday, December 8, 2014.
relax. I get it…you don't want to hear an opinion different from your own. You're long and therefore VERY wrong. I am too. Luckily I sold the majority of what I had in august. I like the company, I like management. I even bought back 10,000 shares yesterday before Global Hunter took a cr@p on the stock. I love the fact that the credit facilty was bumped to $1 billion. But this came up becuase someone was yakking about the value of Rock Pile. And anyway you look at it, it is worth substantially less today than it was several months ago.
From Seeking Alpha-for what it's worth-
Falling oil prices sparked a decline of almost 40% in new well permits issued across the U.S. in November, with only 4,520 new well permits approved last month, down from 7,227 in October.New permits, which outline what drilling rigs will be doing 60-90 days in the future, showed heavy declines for the first time this year across the top three U.S. onshore fields: the Permian Basin, Eagle Ford and Bakken shale.
Limit-here's a point I was trying to make with getting into details. The business of Rock Pile has to be getting hurt. They are an oil services company. They state that 58% of their well completions have been for 3rd parties. I understand the value they bring in terms of cost savings for their own wells. But the sector is getting hurt badly by the drop in oil prices. I realize it's not an exact comparison, but look at Basic Energy (BAS). Do a graph back to early july when oil started falling. The stock was close to 30. Today it's at 8. I know a little about BAS and I can absolutely tell you that they are dopes. And I think TPLM is run by smart people. But the business, whether spun off or sold cannot happen in this environment. It is worth sinificantly less today than even 2 months ago. Not helping today is that Global Hunter downgraded the entire sector.
By the way, I am not a hater. I am long and have been. I merely wanted to post the facts that TPLM had explored the sale of Rock Pile and didn't find buyers at what they thought was fair value. On another note, today's filing showing that they took down a $1 billion credit facility is extremely positive in my opinion.
straight from bloomberg on august 4th 2014
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. Triangle rose 8.4 percent to $11.08 in New York trading yesterday, giving the company a market value of about $954 million. Caliber, the pipeline unit, had an estimated value of $212 million in May, according to the same presentation.
“In my mind, these businesses are not getting full value in the stock,” 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.”