TransAtlantic Petroleum Shares Jumped: What You Need to Know

By Anders Bylund | More Articles
December 20, 2011 | Comments (1)

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of oil and natural gas producer TransAtlantic Petroleum (AMEX: TAT ) jumped as much as 10.4% today on brisk volume.

So what: Oil stocks, including TransAtlantic, fell hard on Monday due to a variety of world events and a capsized Russian drilling rig over the weekend. The bounces today are largely in proportion to yesterday's drops; SandRidge Energy (NYSE: SD ) , for example, is up 7% after falling 7.4% on Monday. TransAtlantic is making up for an 8.4% drop.

Now what: This is a small-cap oil operator with a volatile stock. You can often look at TransAtlantic and similar rivals such as Hyperdynamics (NYSE: HDY ) or Miller Energy Resources (NYSE: MILL ) to get an amplified picture of current market sentiment for the petroleum industry. The company is looking for oil in some risky places, but the payoff can be huge.

Interested in more info about TransAtlantic Petroleum? Click here to add it to My Watchlist.

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Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.

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Report this Comment On April 25, 2012, at 5:43 AM, rodessa wrote:

Last summer, I was answering to an article about Houston American Energy (HUSA), an oil company as Miller.
There were only some red flags, not so many as for Miller. According to the evaluation of assets made by a third party, newsletters as Undiscovered Equities www.undiscoverdequities.com, Mardels Equity market analyst... and so many others, articles as now your article for MILL were predicting an upside for HUSA until $ 100.00 in the following months according to the great under evaluation of their assets, not in Alaska as for MILL, but in Colombia. Between last July and September, HUSA had climb strongly until $ 20.88. It is now trading.... $ 1.63 (less than two dollars) The fraud has been discovered in the meantime !!!
HUSA was traded normally, no red flag ! If you want to trade MILL and that you have a margin account, many insurance companies of the brokers consider that MILL is a fraud and your broker will ask you a margin of 100%, mean it is a stock with the higher level of risk. The margin asked to trade HUSA was last year of only 15%.
As for HUSA, dubious persons in the management. Several investigative reports in www.thestreetswweper.org alerts the investors about many of these red flags. No class actions in the case of HUSA, several class actions against Miller, no investigation of the S.E.C about HUSA. but one about Miller. The scheme of acquisition of the assets in Alaska is not clear at all (the companies bought had no accountancy, or the accountancy have disappeared ???, according to the declaration made to the S.E.C.)
The management of HUSA was saying as you are writting about the management of MILL : They were owning very big quantities of shares, so their interest were the same as the one of the common shareholders !!! . Sad for the ones who haven't been trusting that I have written at tha t time and for the one's who think that has been written by the Street Sweeper is no mora actual !.
According to the very high level of MILL, it is very good for sale if you hold, then to short.
According to me, have to avoid other risky companies as NOG, VOG, IOC.

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