Transatlantic Petroleum (NYSEMKT:TAT)

CAPS Rating: 2 out of 5

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Member Avatar line70day (< 20) Submitted: 7/3/2012 11:59:53 AM : Underperform Start Price: $11.10 TAT Score: +140.11

earnings -0.28
cash flow -0.16
profit margin - 73.70


Member Avatar RAP7777 (< 20) Submitted: 3/1/2012 7:12:58 PM : Outperform Start Price: $13.80 TAT Score: -141.60

TAT is primed for success in Turkey..just a mater of time


Member Avatar mp102 (< 20) Submitted: 8/4/2011 10:38:13 PM : Outperform Start Price: $10.50 TAT Score: -158.72

see deranged monkey post #11083. c9 said so.


Member Avatar jin441 (< 20) Submitted: 7/11/2011 7:19:45 PM : Outperform Start Price: $16.50 TAT Score: -149.52

I did some DD after I read the article about TAT being on 50% sale.

This company has a huge potential compared to the current SP. Strong Buy IMHO.



Member Avatar Chris5152 (< 20) Submitted: 7/11/2011 7:04:41 PM : Outperform Start Price: $16.50 TAT Score: -149.52

Simple facts about the company.

1. 11,000 boepdYE production guidance
2. Over 7.2 million acres in area
3. $125-$150 M budget for drilling and infrastructure
4. Joint Venture is coming.
5. own service company, Viking.

TransAtlantic’s current price does not reflect:
Value of service company


Member Avatar apentk15 (< 20) Submitted: 6/30/2011 7:11:20 PM : Outperform Start Price: $17.00 TAT Score: -149.23

Pipeline will be done in July.
JV deal will be established in July.
In July, the SP will be back to 2.50.
It is way oversold right now.


Member Avatar apentk14 (< 20) Submitted: 6/22/2011 12:24:22 AM : Outperform Start Price: $18.60 TAT Score: -153.40

way oversold stocks.

Sooner or later, it will pop


Member Avatar JohnLamb999 (< 20) Submitted: 3/20/2011 7:05:58 PM : Outperform Start Price: $31.00 TAT Score: -155.20

Natural gas play based in largely unexplored territory of Turkey and to some extent Romania and Morocco. The company is substantially owned by management who have a track record of building companies from the ground up


Member Avatar topsecret10 (< 20) Submitted: 3/6/2011 4:51:27 PM : Outperform Start Price: $34.80 TAT Score: -151.37

This Is truly a "topsecret" pick.... An undiscovered gem that needs a little polish. I really like this company at these prices for the LONGER term. Mitchell Group & associates own approximately 47% of TransAtlantic Petroleum Ltd. The following information highlights Mitchell Group's history, rich track record, and may provide scope in applying past successes to TransAtlantic's future. Entrepreneurial History
In 1985, Mr. Malone Mitchell 3rd founded Riata Energy, an oil & gas Company based in Amarillo, TX. Within the first five years, Riata acquired fourteen small oil producers and completed its first successful well. In the early 1990's, Riata expanded geographically through asset purchases in the Piceance Basin of Colorado and the Permian Basin of West Texas. The Company implemented a vertically integrated strategy, which increased Riata's focus on oil field services and midstream assets to reduce finding and production costs.
Through asset purchases from several major oil & gas companies in 1991, Pakenham field was established. In 1994, Riata sold Pakenham field to Chevron for $97 million. In 1995, Riata acquired 200,000 acres of prospective acreage in the Pinon Field. Soon after, Riata became the sole operator in the area through a purchase from FINA.

In 1997, Riata purchased its first rig through an operating subsidiary, Lariat Services. Over the subsequent few years, Riata expanded its rig fleet to increase exploration and development. Additionally, Riata acquired and built-out gathering systems and treating plants through its midstream services subsidiary, ROC Gas Company. In 2003, Riata purchased an initial interest in Petrosource, an integrated CO2 Company. In 2005, Riata began development of its Piceance Basin acreage. In January 2006, Riata filed an S-1 to go public. However, in July 2006, Mr. Mitchell sold a $500 million controlling stake to Mr. Tom Ward, former co-founder of Chesapeake Energy (NYSE: CHK).

In November 2006, Riata Energy purchased National Energy Group for $1.5 billion from American Real Estate Partners, an entity controlled by Carl Icahn. National Energy Group's core assets were in the Val Verde and Permian Basins of West Texas, including overlapping or contiguous interests in Riata's properties. Soon after, Riata's headquarters were moved to Oklahoma City, OK and SandRidge Energy became the Company's new name.

SandRidge made its initial public offering in November 2007, offering 28 million common shares for $26.00/share. At time of IPO, Mr. Mitchell was the second largest shareholder of SandRidge's common stock. The Company trades on the New York Stock Exchange under ticker SD.

In December 2006, Mr. Mitchell resigned from daily management at SandRidge. From 1985-2006, Mr. Mitchell built Riata Energy into one of the largest privately held energy companies in the United States. Riata's key characteristics and milestones include:
(1) 2006 Revenue and EBITDA of approximately $388mm and $93mm, respectively.
(2) 1 TCF in proved reserves.
(3) Operated for BP, Chevron, Conoco, Exxon, Occidental, amongst others.
(4) Executed the largest farm-out agreement in Exxon's history, covering approximately 200 square miles, which committed Riata to drilling 25 wells per year.
(5) 300 miles of gas gathering pipeline.
(6) Greater than 34,000 horsepower of gas compression.
(7) At one time, Riata owned and operated the second largest under-balanced drilling Company in the world.
(8) In 2006, Lariat Services (Riata's field services and drilling subsidiary) owned or operated 43 drilling rigs, had assets, sales, and third- party net income of $175mm, $139mm and $33mm, respectively.
(9) In 2006, Riata completed approximately one well per day.

New Ventures
Shortly after stepping down from SandRidge, Mr. Mitchell founded Mitchell Group in an effort to return to the entrepreneurial stage of the energy industry. Substantially all of the key management who worked for Mr. Mitchell at Riata/SandRidge left the Company and joined him at Mitchell Group.

The Case for International
In early 2008, Mitchell Group determined that greater, conventional opportunities existed internationally. Mitchell Group began targeting investments with the following features:

Company specific:
(1) Management/technical team with an international record and in-country staff.
(2) Large, undeveloped, onshore acreage base.
(3) Potential to reproduce Riata's vertically integrated drilling & service business, Lariat Services.
Country specific:
(4) Feature attractive fiscal terms, including tax and royalty rates.
(5) Known petroleum systems but only sparsely explored.
(6) Import a meaningful share of oil & gas (e.g., Turkey is dependent on Russian oil and gas).
(7) Improve results through technology and scale.
(8) Introduce service business with very little competition.

Mitchell Group's International Vehicle: TransAtlantic Petroleum Ltd.
In 2008 through 2010, Mitchell Group invested over US $192 million in TransAtlantic. Mr. Mitchell became the Company's Chairman and former Riata Energy executive, Matt McCann, became TransAtlantic's CEO and member of the Board of Directors. Mitchell Group's commitment to TransAtlantic extends beyond just financial. The Group has committed key operational and technical resources, including former successful managers from Riata and National Energy Group. TS


Member Avatar pgraff101 (< 20) Submitted: 2/18/2011 2:18:19 PM : Outperform Start Price: $31.70 TAT Score: -149.45

Q4 Sec 13F filings show major institutions are in consensus and 'all in' on this one.


Member Avatar antigo83 (< 20) Submitted: 2/10/2011 2:49:06 AM : Outperform Start Price: $29.60 TAT Score: -152.20

Oil, its not here for the long term.


Member Avatar zoodiverse (< 20) Submitted: 1/13/2011 12:37:55 PM : Outperform Start Price: $33.50 TAT Score: -156.42

best price so far for an outperformer to be,worth throwing a few bucks on the table!


Member Avatar jonmetz2000 (< 20) Submitted: 10/19/2010 11:03:03 AM : Outperform Start Price: $31.10 TAT Score: -171.79

explosive growth, earnings potential.


Member Avatar 1slowfrc (< 20) Submitted: 6/4/2010 10:30:14 AM : Outperform Start Price: $31.80 TAT Score: -184.49

Because they have great financials and are overseas and the Turkish government is backing them.


Member Avatar wdh170 (45.62) Submitted: 4/20/2010 2:19:54 PM : Outperform Start Price: $38.50 TAT Score: -167.07

1) Low operating expenses in target countries (Turkey, Morocco)
2) Support of Turkish govt (recent partnership with TPAO, state petroleum co.)
3) Premiums paid for Nat Gas by Turks should bolster revenues
4) Malone Mitchell, III

Done and done.


Member Avatar APPLERD (< 20) Submitted: 4/19/2010 1:17:39 PM : Outperform Start Price: $36.40 TAT Score: -169.57

Experience, Deep Pockets and some generosity too!!


Member Avatar GreatStocks3728 (< 20) Submitted: 4/14/2010 9:05:27 PM : Outperform Start Price: $38.40 TAT Score: -166.78

Good growth and earnings.


Member Avatar bvdbreaker (< 20) Submitted: 4/14/2010 5:15:02 PM : Outperform Start Price: $34.00 TAT Score: -178.42

Great management, captive audience and market, building a moat. When oil and natural gas rebound and when inflation soars, this will be a triple bagger


Member Avatar sweetjames (< 20) Submitted: 4/8/2010 2:46:14 PM : Outperform Start Price: $36.70 TAT Score: -169.58

If you know the history behind this company then you have no choice but to buy it in real life.
This company is nothing more than an investment vehicle for Malone Mitchell (Riata AKA SandRidge Energy founder) to get back to his wildcatting roots. If he does things the way he did in the Amarillo days of Riata, exploration costs will be VERY low, and profit will be absolutely maximized.


Member Avatar JRBERWIND (< 20) Submitted: 3/22/2010 11:53:11 AM : Outperform Start Price: $30.30 TAT Score: -172.74


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