Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

Bakken Update: Triangle's Blowout Quarter Beats Analyst Earnings Estimates By 43%

As it turns out, Triangle's accounting issue was a non-factor for its most recent quarter. Buying Triangle (NYSEMKT:TPLM) on the pullback has been profitable, and the stock still has room to run. I recommended adding shares at $5.26/share. Since April 16th, the stock is up almost $1.50/share. Triangle blew out the quarter with revenues of $34.3 million versus analyst estimates of $31.13 million. A year ago, Triangle had only $5.17 in sales. EPS came in at 10 cents/share versus analyst estimates of 7 cents. A year ago it lost 7 cents/share. January of 2013 earnings were a different story as Triangle reported a 20 cent loss versus the Street's 0 cents. For more information on this go to...

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