"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
Showing posts with label Kodiak. Show all posts
Showing posts with label Kodiak. Show all posts
Tuesday, June 3, 2014
Tuesday, December 24, 2013
Seeking Alpha: Down For The Year, Baytex Energy Not Exactly Cheap Yet
This has been an interesting year for Baytex Energy (BTE).
This Canadian heavy oil specialist has been doing well with production
and drilling, and the company's capital spending guidance for 2014
suggests more profitable growth on the way. At the same time,
differentials have been fairly benign and could get better, while
increasing use of rail offers a good hedge.
The only real issue is one of valuation. Baytex's qualities are well-known, from its above-average dividend payout (a legacy of its days as a CanRoy) to its high-quality Peace River asset. Even though the shares are down about 10% year-to-date, the shares still aren't all that cheap on an EV/EBITDA basis. Looking at a long-term NAV, though, I think the investment case is stronger for Baytex and that suggests to me that patient investors may yet want to consider this name.
Please continue here:
Down For The Year, Baytex Energy Not Exactly Cheap Yet
The only real issue is one of valuation. Baytex's qualities are well-known, from its above-average dividend payout (a legacy of its days as a CanRoy) to its high-quality Peace River asset. Even though the shares are down about 10% year-to-date, the shares still aren't all that cheap on an EV/EBITDA basis. Looking at a long-term NAV, though, I think the investment case is stronger for Baytex and that suggests to me that patient investors may yet want to consider this name.
Please continue here:
Down For The Year, Baytex Energy Not Exactly Cheap Yet
Tuesday, April 10, 2012
Investopedia: GeoResources - A More Obscure Play On Well-Known Formations
Almost anyone who pays attention to the oil and gas space is familiar with the robust growth in activity in the Eagle Ford and Bakken regions of the U.S. Companies like Chesapeake Energy (NYSE:CHK), Anadarko (NYSE:APC) and EOG (NYSE:EOG) are major names in the Eagle Ford, while Continental (NYSE:CLR) and Kodiak Oil & Gas (NYSE:KOG) attract a lot of attention for their Bakken assets.
Amidst this, GeoResources (Nasdaq:GEOI) is a relatively lesser known name. Although it's not exactly undiscovered (about 14 sell side analysts cover it and over 75% of shares are owned by institutions), the relative valuation of other smaller Bakken/Eagle Ford plays suggests investors are not fully onboard the story just yet.
Read more here:
http://stocks.investopedia.
Amidst this, GeoResources (Nasdaq:GEOI) is a relatively lesser known name. Although it's not exactly undiscovered (about 14 sell side analysts cover it and over 75% of shares are owned by institutions), the relative valuation of other smaller Bakken/Eagle Ford plays suggests investors are not fully onboard the story just yet.
Read more here:
http://stocks.investopedia.
Investopedia: Triangle Petroleum Almost A Ground-Level Bakken Play
If there are any investors fretting that they have missed the story in the Bakken, a name like Triangle Petroleum (AMEX:TPLM) may be an answer to those worries. While Triangle is still a very risky story, the company is only just starting to develop its acreage in the Bakken region. If Triangle follows the same path carved out by others like Whiting (NYSE:WLL), Continental (NYSE:CLR), Kodiak (NYSE:KOG) and Oasis (NYSE:OAS), investors may be able to look forward to considerable growth in reserves, production, and market valuation over the coming years.
Still (Mostly) A Land Story
For all of the talk about the Bakken, it's still a new energy-producing region in North America and there is plenty of growth yet to come from the area. While activity in the Bakken is largely dominated by larger, well-established companies for whom the Bakken is just another operating region, Triangle is a different story altogether.
Click here for more:
http://stocks.investopedia.
Still (Mostly) A Land Story
For all of the talk about the Bakken, it's still a new energy-producing region in North America and there is plenty of growth yet to come from the area. While activity in the Bakken is largely dominated by larger, well-established companies for whom the Bakken is just another operating region, Triangle is a different story altogether.
Click here for more:
http://stocks.investopedia.
Wednesday, October 19, 2011
Investopedia: Statoil Buys Into Bakken
By most standards, Norway's Statoil (NYSE:STO) is a quality name in the world of major energy companies. Unfortunately for its shareholders, the company's stock price has been bedeviled by worries regarding the company's production volumes, reserve growth and dependence on Norway's offshore energy fields. With Monday's announcement that the company is acquiring Bakken specialist Brigham Exploration (Nasdaq:BEXP), Statoil management is making a solid argument that the company is not sleeping on opportunities to leverage its balance sheet into solid reserve growth.
The Terms
Statoil and Brigham announced that the companies had reached an agreement whereby Statoil will acquire Brigham for $36.50 per share in cash, for a total enterprise deal value of $4.7 billion. That price translates into a roughly 20% premium to Friday's close.
Read the full piece at Investopedia:
http://stocks.investopedia.
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