Bakken Update: Triangle Petroleum May Have 43% Upside In 2014
- Northland Capital's $14 price target provides 43% upside for Triangle over the next year.
- Triangle continues to improve IP rates in the Bakken through better well design.
- Rockpile responds to good third party growth rates with an additional frac spread and the start of a wireline business.
- Once online, Caliber's natural gas processing facility could drive midstream revenues.