TPLM to sell oil services unit?

[setliff]

from seeking alpha----
Today at 3:00 PM

Triangle Petroleum spikes on speculation of potential sale • 3:59 PM
•Triangle Petroleum (TPLM +8.6%) jumps after Bloomberg says the company has begun seeking an adviser for the sale of its oilfield services business.
•TPLM has said it may consider splitting off its RockPile Energy Services business, which provides pressure pumping services in the Williston Basin in the midwestern U.S. and generated revenue of ~$194M in the year through January; TPLM estimates the unit has a market value of $572M.
•TPLM reportedly also may sell or spin off pipeline operator Caliber Midstream Partners after RockPile.

I saw this spike. jumped 10.65 to 11.90 on ~450m shs in one minute at 3:37et--wondered which anxious guy placed a mkt order for that humongous volume---cost him/her dearly--settled back to close at 11.08.

[ghrcap]

Samuels said in May RockPile has a value of $572M and Caliber has a value of $212M, each based on competitor comps. On today's close the total company is valued only at $954M.