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Monday, November 07, 2011 10:34:13 PM
Triangle Petroleum Corporation (TPLM) is a very interesting name, and along that theme of speculation has enjoyed a fairly large move this year. I like the potential going into 1st quarter.
What is important about Triangle is how levered they are to the Bakken. Triangle had approximately 15,000 net acres in the Bakken, and were pushing to get that closer to 30,000 net acres.
This company had a sizeable cash position to buy Bakken acres and this could pay off big. This company is a little bigger and less speculative than the other names, but really looks good on paper.
What is important about Triangle is how levered they are to the Bakken. Triangle had approximately 15,000 net acres in the Bakken, and were pushing to get that closer to 30,000 net acres.
This company had a sizeable cash position to buy Bakken acres and this could pay off big. This company is a little bigger and less speculative than the other names, but really looks good on paper.
This is not a securities offer or any kind of investment advice. You can lose all your money investing in stocks.
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