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

Rating:
Outperform
TPLM
down 31.73 %

Triangle Petroleum Corporation (TPLM) upgraded to Outperform with price target $10.50 by Northland Securities

Posted on: Friday,  Sep 9, 2011  8:25 AM ET by Northland Securities

Northland Securities rated Outperform Triangle Petroleum Corporation (AMEX: TPLM) on 09/09/2011, when the stock price was $5.23. Since
then, Triangle Petroleum Corporation has lost 31.74% as of 08/27/2015's recent price of $3.57.
If you would have followed this Northland Securities's recommendation on TPLM, you would have lost 31.73% of your investment in 1448 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.

Our equity research effort attempts to identify high potential small-cap investment ideas. We offer traditional sell-side research services with a particular focus on unearthing information that either supports or challenges our investment thesis. We strive to continuously provide our institutional client base with timely and insightful thinking.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2011 8:25 AM Buy
None
5.23 10.50
as of 12/30/2011
1 Week up  1.18 %
1 Month up  3.82 %
3 Months up  66.29 %
1 YTD up  14.14 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/19/2011 2:25 PM Hold
None
7.73 8.00

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