TriOil Resources | StockChase
11
TriOil Resources (TOL-X (Dead))

Last Price Recorded: $2.8400 on 2013-11-16

ON STOCKCHASE SINCE Sep 2010

Acquired by Orlen Upstream (Nov 2013)

oil/gas
11
TriOil Resources (TOL-X (Dead))

Last Price Recorded: $2.8400 on 2013-11-16

ON STOCKCHASE SINCE Sep 2010

Acquired by Orlen Upstream (Nov 2013)

oil/gas

TriOil Resources


Signal Opinion Expert
SELL
TriOil Resources(TOL-X (Dead)) 

September 25, 2013

Being acquired at $2.86, effective November. Doesn’t expect there will be a better offer so he would recommend Selling at this point.

oil/gas

Being acquired at $2.86, effective November. Doesn’t expect there will be a better offer so he would recommend Selling at this point.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$2.790
Owned Owned
Unknown

DON'T BUY

Company was put into play back in January by an institution that bought 5% of the stock and forced them into a strategic review. A lot of other companies have looked at the assets and now seem to be in inclusive talks. Who knows how long this can really drag on? If you own, continue to hold.

oil/gas

Company was put into play back in January by an institution that bought 5% of the stock and forced them into a strategic review. A lot of other companies have looked at the assets and now seem to be in inclusive talks. Who knows how long this can really drag on? If you own, continue to hold.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$2.700
Owned Owned
No

WATCH

Earlier this year a shareholder activist group acquired 5% of shares and forced them into a strategic alternatives process so he is watching it.  It is a case of watching to see who puts in a bid for the company.

oil/gas

Earlier this year a shareholder activist group acquired 5% of shares and forced them into a strategic alternatives process so he is watching it.  It is a case of watching to see who puts in a bid for the company.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$2.560
Owned Owned
Unknown

HOLD

She owns it and is holding it. Some assets, thinks it will be worth more.

oil/gas

She owns it and is holding it. Some assets, thinks it will be worth more.

oil/gas
Joanne A. Hruska, CFA

Vice President, Portfolio Management, Aston Hill Financial...

PricePrice
$2.480
Owned Owned
Yes

PAST TOP PICK

(A Top Pick March 19/12. Down 30.91%.) Under pressure to sell the compay. Sold his holdings.

oil/gas

(A Top Pick March 19/12. Down 30.91%.) Under pressure to sell the compay. Sold his holdings.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$2.620
Owned Owned
No

BUY
TriOil Resources(TOL-X (Dead)) 

September 18, 2012

Just announced a $25 million financing. Was in a pretty strong financial position before this. Had expected them to exit 2012 with a net debt of about $30 million on a credit facility of about $50 million. Raising equity at this point allows them to accelerate their program. He is particularly excited about their Cardium position at Lockend. They’ve exceeded their type curve wells (?) and there is some additional upside down the road from a new Dunvegan oil play. Good potential from here.

oil/gas

Just announced a $25 million financing. Was in a pretty strong financial position before this. Had expected them to exit 2012 with a net debt of about $30 million on a credit facility of about $50 million. Raising equity at this point allows them to accelerate their program. He is particularly excited about their Cardium position at Lockend. They’ve exceeded their type curve wells (?) and there is some additional upside down the road from a new Dunvegan oil play. Good potential from here.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$2.520
Owned Owned
Yes

HOLD
On valuations, this is the kind of company that investors generally don't want to own. Oil-based and they feel there is more upside in natural gas stocks. This is a very dangerous belief to have. Also, their market cap is a sub 1 million and fund managers need liquidity. However, things continue to go very well for them. Have 2 very, very good plays that are surrounded by other companies which are actively drilling. Trading at 2.8X Enterprise to Cash Flow using $80 oil.
oil/gas
On valuations, this is the kind of company that investors generally don't want to own. Oil-based and they feel there is more upside in natural gas stocks. This is a very dangerous belief to have. Also, their market cap is a sub 1 million and fund managers need liquidity. However, things continue to go very well for them. Have 2 very, very good plays that are surrounded by other companies which are actively drilling. Trading at 2.8X Enterprise to Cash Flow using $80 oil.
oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$1.520
Owned Owned
Yes

DON'T BUY
Canadian junior light oil producer. Looked at it in the past and it did not get the cut. He is going to keep up with this story.
oil/gas
Canadian junior light oil producer. Looked at it in the past and it did not get the cut. He is going to keep up with this story.
oil/gas
Mason Granger

Portfolio Manager, Sentry Investments...

PricePrice
$1.410
Owned Owned
No

BUY
This is a poster boy for what people do not want. They do not want oil leverage or small cap stocks. Put out a good quarter. Will likely have an operation update where they are sitting on a couple of wells. Balance sheet is extraordinarily clean. Even if oil prices continue to fall, they have a strong balance sheet to grow meaningful production and are sitting on 2 incredible assets. Potentially it gets over $6 if you look at their 2 main plays. Highly profitable.
oil/gas
This is a poster boy for what people do not want. They do not want oil leverage or small cap stocks. Put out a good quarter. Will likely have an operation update where they are sitting on a couple of wells. Balance sheet is extraordinarily clean. Even if oil prices continue to fall, they have a strong balance sheet to grow meaningful production and are sitting on 2 incredible assets. Potentially it gets over $6 if you look at their 2 main plays. Highly profitable.
oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$2.300
Owned Owned
Yes

TOP PICK
70% light oil, growing at 100%, 4x cash flow with no debt. Should be closer to 6-7x.. Extremely good success in two light oil plays. Wells are coming on at 150-200% higher for same or lower cost.
oil/gas
70% light oil, growing at 100%, 4x cash flow with no debt. Should be closer to 6-7x.. Extremely good success in two light oil plays. Wells are coming on at 150-200% higher for same or lower cost.
oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$3.720
Owned Owned
Yes

TOP PICK
TriOil Resources(TOL-X (Dead)) 

September 22, 2010

Assembled 3 interesting oil plays in the Bakken and Cardium. Haven't done much drilling but this is about to pick up. Sitting at 1600 barrels a day but valued at 70,000 BOE's. A lot of growth potential.
oil/gas
Assembled 3 interesting oil plays in the Bakken and Cardium. Haven't done much drilling but this is about to pick up. Sitting at 1600 barrels a day but valued at 70,000 BOE's. A lot of growth potential.
oil/gas
Don Short

Senior V.P. & Portfolio Manager, Qwest Investment Fun...

PricePrice
$5.230
Owned Owned
Yes

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