Your thoughts on TPLM

[katwillny]

Hey all,
A friend of mine does business with this company and has been suggesting that I look into it as one of my potential buys. I am thinking of purchasing 200 shares of it this week. Coincidentally there was an article written about it in seekingalpha today. They are scheduled to report next monday 6/10. Your thoughts please, or alternate recommendations are welcomed.
Thanks,
Kat.

 

[growing_older]

Buying an individual stock based on hearsay and trying to guess price movement based on timing of an earnings report is much more like gambling than investing. I would want nothing to do with it.

 

[katwillny]

Buying an individual stock based on hearsay and trying to guess price movement based on timing of an earnings report is much more like gambling than investing. I would want nothing to do with it.

Thanks for the reply Growing Older... I am still learning.

 

[REWahoo]

Buying an individual stock based on hearsay and trying to guess price movement based on timing of an earnings report is much more like gambling than investing. I would want nothing to do with it.

+1

Buying a stock based on a hot tip is a great way to get burned.

 

[panacea]

+2
Unless you have the time and expertise to monitor this company's financial situation, avoid it. You're better off letting the experts pick the stocks (for example a mutual fund manager and team of analysts).

 

[braumeister]

Have you actually examined the company's financials, like on M*?
At a quick glance, they look pretty awful to me.

 

[ronocnikral]

it's hard to understand the true profitability of these small oil & gas companies. a large capital investment is required upfront, and then a depleting asset(s) are used to recover that.

I know the Bakken-I estimate reserves, I drill wells, I frac them and then I produce them. I know the Bakken 1,000,000 times better than the baboons on seeking alpha, but I still buy VG index funds. YMMV.

 

[haha]

I know the Bakken-I estimate reserves, I drill wells, I frac them and then I produce them. I know the Bakken 1,000,000 times better than the baboons on seeking alpha, but I still buy VG index funds. YMMV.

If you can devote enough capital to oil and gas to put together a reasonably diversified portfolio, couldn't you like do much better, with controllable risk, investing in well participations, farm-ins and the like, there in the Bakken?

I think I have never heard of a risk averse oil man. Well, maybe something like buying old fields in The Permian and adapting horizontal drilling and fraccing. But for non-oil mortals this isn't exactly low risk.

Ha