Around The Horn

Oil down to $106. Good for the overall market, economy. This is not a negative for the energy companies.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

Oops, KOG does it again. KOG hits a new high ($10.85). How many days is this now, hitting new highs?

Oasis down slightly; analysts suggest Oasis will not have to issue additional shares to pay for recent acquisition. Huge.

CVX, COP, XOM: all down slightly.

EOG down a dollar.

CHK and SD both down a bit.

AMZG up two cents in early trading.

TPLM up almost 4%. This is why:

It seems appropriate we open with Triangle Petroleum  as it just reported earnings this morning. The company met revenue expectations and easily beat on the bottom line. The company posted earnings of 19 cents a share besting expectations of 15 cents a share.

Back in June when the shares were selling at $5.40 a share, I postulated that the shares could double within the next two years. This may prove to be too conservative given we are halfway to that prediction already.

In the article I stated the company's oil services subsidiary RockPile Energy Services was an underappreciated growth driver. In the just completed quarter, consolidated revenues at RockPile grew better than 600% Y/Y to $15.8mm.

UNP up another dollar.

I don't follow BNSF (BRK) much any more; BRK follows the market in general.

ENB, EEP both down slightly.

SRE and TransCanada (TRP) both up slightly; in a trading range.