Triangle Petroleum: A Value-Enhancing Breakup On The Horizon
- Triangle Petroleum outlined a potential breakup scenario in a presentation released in May of this year in which it would break itself up into three stand-alone entities.
- Triangle has already begun interviewing investment bankers about the possible spinoff of its oilfield services business, RockPile Energy Services.
- A sum of the parts analysis shows that Triangle's stand alone businesses would be worth more than the company as a whole.
- Separately Triangle's businesses should be worth $13.08 a share. 18% higher that Friday's closing price of $11.06.