Wunderlich Securities Sees Triangle Petroleum Corporation Continuing to Build Value

In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $14.00 price target on

. In the report, Wunderlich Securities noted, “During its 2Q14 earnings call a few weeks ago Triangle Petroleum (TPLM) dared to mention the fact that it was building long-term value and while it has plans of spin-offs or sales of its unique OFS and midstream asset bases there is no rush to realize today's value. Rather, the company intends to continue moving forward with the successful growth in these businesses as it should drive even higher returns once monetized. The company's three-pronged approach to growth and value creation, in our view, has not been fully understood or accepted by the market and thus provides nice opportunity for investors. As such, we try to break down the potential values as all three businesses evolve.” Triangle Petroleum Corporation closed on Friday at $11.00.