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Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Catalysts on the Horizon

February 21, 2012 8:33 AM EST Send to a Friend
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Price: $11.84 -1.25%

Rating Summary:
    10 Buy, 5 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 14 | New: 52
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Canaccord Genuity reiterates a 'Buy' on Triangle Petroleum (NYSE: TPLM) price target raised to $10.00.

Analyst, Marcus Talbert, said, "We are reiterating our rating and raising our target price following insights we picked up during our recent marketing event with management. Triangle Petroleum remains our favorite Bakken idea based on its leading leverage to the play and meaningful near- to mid-term catalysts. We continue to believe TPLM remains too cheap for a company with its asset base, liquidity and relative growth potential. In our view, project execution is the key catalyst for outperformance in ‘12."

For an analyst ratings summary and ratings history on Triangle Petroleum click here. For more ratings news on Triangle Petroleum click here.

Shares of Triangle Petroleum closed at $0.69 yesterday.

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