Investment writers will talk about buying good companies/stocks on dips or pullbacks, but often it seems that the fear that surrounds each particular pullback leads many investors to forget about buying then … only to chase the stock on the way back up. I mention this in the context of Triangle Petroleum (TPLM) as I believe higher expenses in the recent fiscal third quarter are more on the order of "growing pains", and I continue to believe this fast-growing Bakken driller has undervalued assets and opportunity.
I'm not a huge fan of EV/EBITDA as an evaluation metric for oil and gas companies, and particularly in cases like Triangle where the next twelve months' results really don't reflect...
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