Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Offset Results Demonstrate Value

Canaccord Genuity reiterates a 'Buy' on Triangle Petroleum (NYSE: TPLM) price target of $9.00.

Analyst, Marcus Talbert, said, "We are reiterating our rating and target price with greater conviction following a thorough review of the offset well productivity surrounding Triangle’s operated locations. At present, TPLM remains our favorite Bakken idea based on its meaningful leverage to the play and operated catalysts. We continue to believe TPLM remains too cheap for a company with its core asset base and relative growth potential. In our view, project execution is the key catalyst for outperformance in 2012."

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 $7.31 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Viking Holdings (VIK) PT Raised to $82 at Mizuho
• Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
• Deere (DE) PT Raised to $585 at JPMorgan