Posted On: 07/14/2016 10:36:02 AM
Post# of 5789
TPLM
Company Background
Triangle Petroleum Corporation (Triangle) is an energy holding company. The Company operates through two segments: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells. The Company has three principal lines of business: oil and natural gas exploration, development and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Company's subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA), the Company's subsidiary, conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources.
http://www.trianglepetroleum.com/
If you like rolling the dice then this oil company just might be for you. All it would take for this company's PPS to zoom northward is a sharp rise in the price of oil. I doubt that happens any time soon and it could be that bankruptcy is lurking in this company's future.
Crude Falls on Oversupply Concerns
July 11, 2016, 03:33:00 PM EDT By Dow Jones Business News
Oil prices retreated to a fresh two-month low Monday on reignited concerns about oversupply.
U.S. crude for August delivery settled down 65 cents, or 1.4%, at $44.76 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, lost 51 cents, or 1.1%, to $46.25 a barrel on ICE Futures Europe. Both settlements are the lowest since May 10.
http://www.nasdaq.com/article/crude-falls-on-...0711-00802
Company Background
Triangle Petroleum Corporation (Triangle) is an energy holding company. The Company operates through two segments: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells. The Company has three principal lines of business: oil and natural gas exploration, development and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Company's subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA), the Company's subsidiary, conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources.
http://www.trianglepetroleum.com/
If you like rolling the dice then this oil company just might be for you. All it would take for this company's PPS to zoom northward is a sharp rise in the price of oil. I doubt that happens any time soon and it could be that bankruptcy is lurking in this company's future.
Crude Falls on Oversupply Concerns
July 11, 2016, 03:33:00 PM EDT By Dow Jones Business News
Oil prices retreated to a fresh two-month low Monday on reignited concerns about oversupply.
U.S. crude for August delivery settled down 65 cents, or 1.4%, at $44.76 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, lost 51 cents, or 1.1%, to $46.25 a barrel on ICE Futures Europe. Both settlements are the lowest since May 10.
http://www.nasdaq.com/article/crude-falls-on-...0711-00802
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