Friday, November 22, 2013

TPLM And HK Are Both Trading Pre-Market And Trading To The Upside

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.

I am tracking HK and TPLM a bit more closely right now for two reasons:
  • skeptics are suggesting operating cash flow and lack of venture capital could hurt small Bakken operators (think BEXP in the very, very early days; KOG in the very, very early days)
  • TPLM has the majority of their acreage, I think, right where the new ONEOK natural gas processing plant will be built
By the way: in 2006 the total natural gas processing capacity in the entire state of North Dakota was 227 million cubic feet per day; this new ONEOK facility will have capacity almost matching that, at 200 million cubic feet per day.

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