Seeking Alpha: Triangle Petroleum Building To Bigger Things

"It takes money to make money" is an all-time great cliché, but it happens to be very true in the energy sector, where acreage and wells both cost money. Triangle Petroleum (TPLM) hasn't been shy about spending money, whether it is to drill wells in its core Williston Basin acreage, build up its RockPile services business, or acquire additional acreage. Although I do have some concerns about the pace at which Triangle is adding debt and the real quality of recently acquired acreage (not to mention the ever-present risks that go with operating a still largely prospective energy company), I believe the shares are still undervalued to a meaningful degree.

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Triangle Petroleum Building To Bigger Things