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

Rating:
Outperform
TPLM
down 44.47 %

Triangle Petroleum Corporation (TPLM) rated Outperform by Wells Fargo

Posted on: Monday,  Aug 19, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Triangle Petroleum Corporation (AMEX: TPLM) on 08/19/2013, when the stock price was $6.43. Since
then, Triangle Petroleum Corporation has lost 44.48% as of 08/27/2015's recent price of $3.57.
If you would have followed this Wells Fargo's recommendation on TPLM, you would have lost 44.47% of your investment in 738 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.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/19/2013 8:25 AM Buy
None
6.43
as of 12/13/2013
1 Week down  -15.71 %
1 Month down  -14.60 %
3 Months up  2.24 %
1 YTD up  41.83 %

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