Steve Zachritz on Triangle Petroleum -- SeekingAlpha

Disclaimer: this is not an investment site. This is not a recommendation. In fact, a reader sent me the link as an informational item. Enjoy.

Link here to SeekingAlpha.com.

Triangle Petroleum (TPLM) completed the transition from non-operated Bakken wannabe player to operated and vertically integrated Bakken player on a growth path similar to household Williston Basin names Oasis and Kodiak with the release of today's 2Q13 results. The quarter beat analyst estimates (more on that in the table and notes below) but more importantly TPLM reiterated its long term focus on the North Dakota side of the play where they have proven, largely derisked acreage in both Williams and McKenzie Counties, North Dakota.

A reminder about Triangle:

• 2 wells are being zipper-fracced by Rockpile, their in house frac spread...

Click here for Triangle's press release.

It should be noted that TPLM has about 86,500 net acres in North Dakota and Montana, which is significantly more than the 27,600 net acres that QEP recently acquired for $1.38 billion, most of it from one operator. It's easy to do the math. 

TPLM's market cap is about $300 million. Again, this is not an investment site. It is simply idle chatter among those interested in following the Bakken.