Seeking Alpha: Higher Costs And Differentials Create A Second Chance In Triangle Petroleum

Investment writers will talk about buying good companies/stocks on dips or pullbacks, but often it seems that the fear that surrounds each particular pullback leads many investors to forget about buying then … only to chase the stock on the way back up. I mention this in the context of Triangle Petroleum (TPLM) as I believe higher expenses in the recent fiscal third quarter are more on the order of "growing pains", and I continue to believe this fast-growing Bakken driller has undervalued assets and opportunity.

I'm not a huge fan of EV/EBITDA as an evaluation metric for oil and gas companies, and particularly in cases like Triangle where the next twelve months' results really don't reflect the development potential. In any case, both EV/EBITDA and NAV suggest that these shares are undervalued and worth consideration today from more aggressive risk-tolerant investors.

Continue here to the full article:
Higher Costs And Differentials Create A Second Chance In Triangle Petroleum