TPLM offering was a disaster

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bobs
Posts: 221
Joined: Mon Apr 26, 2010 2:32 pm

TPLM offering was a disaster

Post by bobs »

Comments?
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: TPLM offering was a disaster

Post by setliff »

i believe it will be shorterm. i do think they could have set a somewhat higher price.
dan_s
Posts: 37392
Joined: Fri Apr 23, 2010 8:22 am

Re: TPLM offering was a disaster

Post by dan_s »

This brings my Fair Value Estimate down to the $9.00 to $9.50 range. I will take a hard look at it this weekend.

Result is a stronger balance sheet and insures they have the liquidity to fund an aggressive growth program. For E&P companies of this size it is all about building a solid base of proven reserves.

TPLM is on a fiscal year that ends January 31st, therefore Q2 results will not come out until early September.
Dan Steffens
Energy Prospectus Group
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