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Experts Commenting on This Company
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TransAtlantic Petroleum Ltd.TICKER: TNP:TSX; TAT:NYSE
TransAtlantic Petroleum Ltd. is a vertically integrated, international energy company engaged in the acquisition, development, exploration and production of crude oil and natural gas. The company holds interests in developed and undeveloped oil and gas properties in Turkey, Morocco, Romania and California. TransAtlantic owns its own drilling rigs and oilfield service equipment, which it uses to develop its properties in Turkey and Morocco. In addition, the company provides oilfield services and contract drilling services to third parties in Turkey and plans to provide similar services in Morocco. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Brian Prescott, SmallCap Network (1/16/12) "TransAtlantic Petroleum Ltd. has an onshore shale project with a Canadian firm LNG Energy in Bulgaria; the companies last week announced 'numerous' gas shows in the project consisting of methane, ethane and propane. The stock has gone up 15% in the last month but looks well in shape to extend the gains."
Jamie Somerville, TD Securities (1/10/12) "TransAtlantic Petroleum Ltd. fracked five wells and achieved initial production rates averaging 2 Mcf/d. . .management believes that these tests have identified approximately 38,500 acres that have the right structure and depositional factors in place to support a successful resource development and notes that the stacked pay nature of the area should lead to multistage completions. . .the company expects to test the blanket Mezardere sands off-structure, which, if successful, could add approximately 800,000 net acres in the Thrace Basin."
Brian Prescott, SmallCap Network (12/28/11) "Crude oil prices have climbed more than 5% in the past 12 days, sending small-cap oil-drilling stocks such as TransAtlantic Petroleum Ltd. through the roof. . .the company had a 5% up move yesterday to extend its weekly gains to almost 17%. The stock again seems to have gained momentum as reflected in average traded volumes."
Brian Prescott, SmallCap Network (11/8/11) "TransAtlantic Petroleum Ltd. is a good momentum stock and the best part is that the stock has regained its touch; it is one of the stocks in my list to buy for this week on every decline; the stock currently trades at $1.12 and has seen a low of $0.57 in the last 52 weeks. Including today's gain of 2.5%, the stock has gained nearly 37% in the last five days alone; on the upside, it has touched a 52-week high of $3.59; somewhere around $1.18–$1.20, the stock will see significant resistance on account of profit booking."
The Energy Report Interview with Neal Dingmann
(11/3/11)
"There are two international plays that I think are extremely interesting: One clearly has gotten hit a bit more, and that first one is TransAtlantic Petroleum Ltd. The stock clearly has been under a bit of pressure. . .But, clearly, by having millions of acres in Turkey, TransAtlantic has huge production upside. Secondly, the company owns nearly all its oilfield services. It has announced that it will likely monetize or sell off these oilfield services, and I think that could raise easily upwards of $100M. TransAtlantic is very interesting because you have a small company with a market cap of less than $300M, and I believe its oilfield services alone are worth over $100M. Its upstream is getting very little credit. . .
What it wants to do is basically take the oil services money and have that available for more upstream opportunities. . .Also, there are two major oil plays in southeast Turkey. I think there is some big well potential down there. Up in the northwest part of Turkey, the Thrace Basin play is much more gas-focused. So, I think the combination of some of these larger potential oil wells in the southeast coupled with some of these natural gas wells in the northwest really gives an investor some interesting potential."
