|
Video: What is a Stock Split?
|
|
Triangle Petroleum is an energy holding company. Co.'s principal lines of business are: oil and natural gas exploration, development and production; oilfield services; and midstream services. Co. conducts these activities in the Williston Basin of North Dakota and Montana through its two principal wholly-owned subsidiaries and its joint venture. Co. has two reportable operating segments: exploration and production operating segment, and oilfield services operating segment. As of Jan 31 2016, Co. had 48.9 million barrels of oil equivalent of proved oil, natural gas liquids and natural gas reserves. According to our TPLM stock split history records, TPLM has had 1 split. | |
|
TPLM (TPLM) has 1 split in our TPLM stock split history database. The split for TPLM took place on November 05, 2010. This was a 1 for 10 reverse split, meaning for each 10 shares of TPLM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as TPLM conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the TPLM stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TPLM shares, starting with a $10,000 purchase of TPLM, presented on a split-history-adjusted basis factoring in the complete TPLM stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
03/31/2014 |
|
End date: |
05/08/2019 |
|
Start price/share: |
$8.24 |
|
End price/share: |
$0.01 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.88% |
|
Average Annual Total Return: |
-73.15% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$12.13 |
|
Years: |
5.11 |
|
|
|
Date |
Ratio |
11/05/2010 | 1 for 10 |
|
|