Triangle Petroleum Corporation (OTCMKTS: TPLM) Is Due For A Rebound

Today, we should talk about the independent energy company Triangle Petroleum Corporation (OTCMKTS: TPLM), since it may benefit from the recent spike in the oil price. The company suffered from the oil price collapse during the period from 2014 to 2015, but never benefited from the recent rise of it after the OPEC cut the production this year. Take a look at the chart:SourceRecent spike in Oil PriceAll oil traders know very well that the oil price collapsed in 2014 from $100 to $40 per barrel. This period was extremely bad for the oil and gas companies that saw their revenues decline. The oil industry had to start a period of restructuring, mergers and reorganization. This is a very interesting image of the oil price as compared to the oil supply. Take a look:SourceHowever, at the end of 2016 and in the beginning of 2017, the OPEC decided to cut its oil supply and made agreements with other non-OPEC oil producers to cut altogether the production of oil. Thus, the oil price started to rise and the oil research analysis houses now forecast that the oil price may touch the level of $60 in the near future.SourceOn the top of it, Trump yesterday decided to attack the Syrian government and made the oil price jump 2%. We believe that the oil price may continue this uptrend if the US keeps attacking the country. This is a text from CNN that explains the attack and the oil price reaction:

"U.S. crude futures jumped more than 2% in early Friday trading after President Trump ordered the first direct American military action against the regime of Syrian President Bashar al-Assad. They pared those gains later. The strike, in which U.S. warships fired 59 Tomahawk cruise missiles at a Syrian government airbase, ramps up uncertainty in the oil-rich and politically unstable Middle East." Cnn.com

Triangle Petroleum CorporationTriangle Petroleum Corporation is an independent energy company, operating in the Williston Basin. Its wholly-owned subsidiary, Triangle USA Petroleum Corporation, owns interests and engages in exploration and production of crude oil in the Williston Basin of North Dakota and Montana. The company reports that it also runs the company Caliber Midstream Partners, L.P., which is a joint venture with First Reserve Energy Infrastructure Fund.On June 29, 2016, two subsidiaries of Triangle Petroleum filed voluntary petitions for relief under Chapter 11. The company seems to still be negotiating with debt holders. We encourage you to obtain more information about the process if you are interested in making an investment in the company. Investing in bankrupt companies is sometimes extremely profitable and some professional traders do it very well and obtain incredible returns when the company reaches an agreement with lenders. But, this practice requires substantial experience and knowledge, so contact your financial advisor if you do not have both.Share price and investorsWe were expecting Triangle Petroleum to react to the crude oil price rises, but it seems that the investors did not believe any more in this small company. We think that crude oil traders had too much trouble with small companies, such as this one, in the collapse of the commodity, and now do not want to hear any more about them. This may be seen as an opportunity for other shareholders with more risk tolerance and looking for greater returns.But, what happened to Triangle Petroleum's balance sheet situation after the collapse in oil prices? According to the last 10-Q reported by the company, the balance sheet showed $753.149 million in total assets and $1,017.731 million in total liabilities. Honestly, we have seem much more complicated situations that after being restructured were profitable. In addition, if we take into account that the oil price is higher now than when this report was delivered, the investors may see this balance sheet from a different perspective.ConclusionWe believe that the recent rise in the crude oil price should help Triangle Petroleum reach an agreement with its lenders. The company is negotiating for some time in order to exit from bankruptcy and we believe that the price is not discounting properly the situation of the company and the future oil perspective.Investing in this company may provide very interesting returns if an agreement is reached. Surely, some sophisticated investors will analyze the chances of the company obtaining an agreement. If you have the sufficient financial knowledge and expertise in this kind of situations, you may invest here. In any case, try to obtain more information from us or from the company's website.We will be updating our subscribers as soon as we know more. For the latest updates on TPLM, sign up below!Disclosure: We have no position in TPLM and have not been compensated for this article.