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TPLM offering was a disaster
Posted: Fri Aug 09, 2013 1:39 pm
by bobs
Comments?
Re: TPLM offering was a disaster
Posted: Fri Aug 09, 2013 1:58 pm
by setliff
i believe it will be shorterm. i do think they could have set a somewhat higher price.
Re: TPLM offering was a disaster
Posted: Fri Aug 09, 2013 2:41 pm
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.