TPS Position Update – July 28, 2014

| July 28, 2014

July 28, 2014

. . . . TransAtlantic Petroleum (AMEX: TAT) – Sell

TAT’s been on a nice run for us, but the shares have pulled back in recent days.

The company lowered revenue guidance somewhat, which hurt the stock. And, the price of oil has also fallen in recent days, putting downward pressure on revenues.

There doesn’t look to be a whole lot of support for the stock until around $10 a share. As such, we’re going to go ahead and take our profits now. At the current price, we’ll lock in gains of 35%.

Go ahead and sell your TAT shares here.

. . . . American Superconductor (NASDAQ: AMSC) – Hold

We got big news and a big up move from AMSC last week. The company announced a partnership with Exelon (EXC) and it sent the stock soaring.

The new deal with Exelon’s ComEd is to create a superconductor-based resilient electric grid system. The system would be used to help power Chicago’s electric grid.

Clearly this is a big deal for AMSC, which also has additional, potentially big deals in the pipeline. With the recent move up, the stock’s now a 24% winner, and we’re moving the position to Hold.

Hang on to the shares for bigger gains ahead.

. . . . US Geothermal (AMEX: HTM) – Hold

It looks like we picked a good time to lower HTM’s buy up to price. Earlier in the month, we dropped the buy up to price to $0.70 – and it seemed to serve as a target for the stock.

HTM shares have climbed basically straight up to $0.70. The company is getting some positive press, especially regarding the low carbon dioxide output of geothermal energy – even compared to natural gas.

As I’ve said before, we really like this company and believe it has a bright future for those willing to wait. With the recent move higher, we’re moving HTM to Hold.

Please Note:

We don’t necessarily review every open position in each Position Update.  We focus on the positions experiencing significant news, notable price movement, or a change in recommendation.  Please refer to the Performance page on our website for our current buy, sell, or hold recommendation for any positions not mentioned in the Update.

Action To Take

  • Sell TransAtlantic Petroleum (AMEX: TAT)
  • Move American Superconductor (NASDAQ: AMSC) to Hold
  • Move US Geothermal (AMEX: HTM) to Hold

Category: TPS Update

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