Volatile Oil Prices Boost Oil Stocks Like Triangle Petroleum; Special Report by Leading Financial Web Site Penny Stock Detectives

In a recent Penny Stock Detectives article, editor Sasha Cekerevac notes that the volatility in oil prices directly affects oil stocks

New York, NY (prHWY.com) August 29, 2012 - In a recent Penny Stock Detectives article, editor Sasha Cekerevac notes that the volatility in oil prices directly affects oil stocks, which obtain revenue from oil prices. With the recent move in oil prices, Cekerevac suggests that oil stocks are starting to look attractive again, and Triangle Petroleum is one oil stock that Cekerevac believes will continue to see strong success.
Triangle Petroleum, Cekerevac explains, "...has both exploration and production operations within the Bakken Shale and Three Forks area of North Dakota and Montana. The company has over 83,000 net acres of land available, containing approximately 1.5 million barrels of oil as proven reserves."
For the first quarter of 2013, Triangle Petroleum reported (http://phx.corporate-ir.net/phoenix.zhtml?c=188550&p=irol-newsArticle&ID=1703949&highlight=) production of 62,700 barrels of oil equivalent (BOE) as compared to only 6,785 BOE during the same period last year--a huge increase of 824%, notes Cekerevac. According to the report, the company also had a correspondingly massive rise in revenue, coming in at $5.2 million for the quarter, up from only $0.5 million the same period last year. The company ended the quarter with $34.0 million in cash and no outstanding debts, Cekerevac observes.
"Obviously, since entering the North Dakota basin in 2010, the firm is on a growth path that is quite fast," says the Penny Stock Detectives editor.
The stock has recently broken its downtrend at approximately the same time that oil prices have begun to move back up, notes Cekerevac. As oil prices continue to show their resilience, oil stocks should follow suit, he states. According to Cekerevac, though, the difference between oil stocks is that some are well-run and have a large potential for growth while other oil stocks are stagnating with declining reserves.
"With oil stocks that are quite new and inexperienced, it takes more than just oil prices to drive the share price higher," he explains. "Seasoned investors want to see that the management of these oil stocks is able to efficiently execute their development plan and continue production without any major problems."
While oil prices are beyond control for the management of these oil stocks, there are many variables they can control, namely costs, he suggests. Cekerevac would like to see several quarters of sustained growth and strong execution for this company. Also, he points out that there are a lot of geopolitical risks that may influence oil prices going into this fall. Cekerevac concludes by saying that both of these issues are crucial to a sustained move in the share price for this company and many other oil stocks, he concludes.
To see the full article and to learn more about Penny Stock Detectives, visit www.pennystockdetectives.com.

The editors of Penny Stock Detectives believe low-priced stocks, when researched properly, present investors with great opportunities to accumulate wealth and to increase the value of their investment portfolios. You can learn more about Penny Stock Detectives at www.pennystockdetectives.com.

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Tag Words: oil prices, oil stocks

Categories: Business

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