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Enter Symbol:
Triangle Petroleum Corporation (TPLM) [hlAlert]

down 39.79 %

Triangle Petroleum Corporation (TPLM) rated Outperform with price target $8 by Robert W. Baird

Posted on: Friday,  Dec 14, 2012  8:25 AM ET by Robert W. Baird

Robert W. Baird rated Outperform Triangle Petroleum Corporation (AMEX: TPLM) on 12/14/2012, when the stock price was $5.93.
Since then, Triangle Petroleum Corporation has lost 39.80% as of 08/27/2015's recent price of $3.57.
If you would have followed this Robert W. Baird's recommendation on TPLM, you would have lost 39.79% of your investment in 986 days.

Triangle Petroleum Corporation (Triangle) is an exploration company focused on shale gas opportunities in the Maritimes Basin of Nova Scotia, Canada. The Company has a 57% working interest in 516,000 gross acres (294,000 net acres) on the Windsor Block in Nova Scotia. During the fiscal year ended January 31, 2009 (fiscal 2009), the Company acquired three-dimensional (3D) seismic, drilled and completed two vertical test wells, and drilled three vertical exploration wells, of which, the Company completed one. In addition, the Company has non-core interests in the Fayetteville Shale trend in Arkansas (20,344 gross acres, 10,172 net acres), the Barnett Shale trend in Texas (three producing wells), and conventional oil and gas properties in Alberta (two producing wells), Colorado (18,987 gross acres and 4,747 net acres) and Wyoming (17,307 gross acres and 4,327 net acres). In June 2008, the Company sold its Montana prospect, consisting of 9,692 net acres of land.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2012 8:25 AM Buy
5.93 8.00
as of 12/31/2012
1 Week up  2.56 %
1 Month up  1.01 %
3 Months   
1 YTD up  1.01 %

(*) Stock Price at the time of the recommendation.
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