Trap Oil Grp Share Discussion Threads

[rogerlin] 03/7/2015 08:39

Perhaps we could have had a more fortunate name for the prospect?

[bones698] 30/6/2015 10:39

Yup cash looks all too obvious what's coming yet all these experts are saying everything is ok etc . Over the years I have learnt to do the opposite to what they say when I see evidence to the contrary . That chart spells a disaster coming right on cue and although 4k looks pessistic it is possible as the market always overshoots . I suspect a drop to around 5k in the next 18 months as the world economic crisis starts looking again . House prices will be next once the markets implode .

The problem is that everything has been kept falsely inflated to try and get us out of recession and so there are very few safe havens left when things now start going wrong . Oil has collapsed but I'm still paying 120p a litre for petrol and energy prices haven't dropped to show this . The whole lot is going to get an almighty hit soon .

[cashandcard] 30/6/2015 09:34

bones698,


This 30 chart?



Agree, looks rather toppy, previous summits of 70k have led to collapses to around the 40k mark. Pretty Grim.


Cash

[bones698] 29/6/2015 18:13

Agree , although Germany isn't the powerhouse it was due to absorbing eastern Germany . There is a German bank with 72 trillion dollars of debt on its books , more money than there is in the world . Shows just how bad the worlds finances are and all riding on lies and very shakey paper exercises that as things start failing will come to the surface . Greece is just the start many others will follow . When the experts say it's all ok then you know it isn't , look here for a perfect example lol

I'm so convinced of the impending crash that I turned my pensions into cash some 470k worth and given I have 15 years to retirement , I could end up with a very healthy retirement if I make it that long . The 30 year ftse 100 chart makes for interesting viewing and even a muppet investor can see what's coming .

[ngms27] 29/6/2015 16:05

I've always maintained a single currency across Europe was always going to be a very bad idea unless you become a single State.

George Soros did us such a massive favour though it didn't feel like it at the time and the effect was Britain would never enter the Euro.

There are too many out of step economies for it to succeed. The only Countries that would succeed with a single currency would be Britain and Germany, France possibly. There lies the problem. If your economy isn't in step with Germany then you are stuffed. The Southern European states never had a chance long term but loved the subsidies.

[bones698] 29/6/2015 15:59

Log it's the demise of the EU that is the concern and with most countries invested it will send shock waves through the rest of Europe , I suggest looking at the ftse 30 year chart and you can clearly see what's about to happen anytime soon . It's been trading at its peak a whole for no obvious reason and is set to crash .

Ngms I think 4k is pessimistic following the long term trends 5k looks the most likely scenario although depending just how bad things get the market could easily overshoot once in a steep decline . All I know is I'm much happier out than in atm . Some colleagues have lost 25% of their pension with the last few months drop and today's drop . Just shows how a small decline in the ftse can hugely affect investments . Give the likelyhood of Greek default and being kicked from the EU I think another very red few days are in store this next few weeks . There are also other factors weighing on global markets , Greece is just possibly a catalyst for them to come to the fore and they are even worse .

[loglorry1] 29/6/2015 10:11

I don't think Greek Contagion an issue any more. Only 2.5% of Euro GDP and main lenders have had plenty of time to prepare for default. Only Italy really a problem France/Germany strong enough to absorb losses easily. ECB will do what it needs to do to keep Euro strong.

[ngms27] 29/6/2015 09:59

The scenario you describe would I think see 4K or lower challenged!

[bones698] 29/6/2015 09:56

Ftse this will be the shortest rally going when Greece defaults and gets kicked from the eu , I'm betting on the ftse going sub 6k in the next few weeks as everyone starts pulling their money out of an already inflated market . Then we will see Spain, Portugal and Italy come under the knife and the collapse of the EU with it . Ftse might hit 5k in the coming months

[bones698] 25/6/2015 17:25

Agreed bam been saying that a while now although not even sure its worth the hassle . Probably easier to just list a new co and raise some cash along the way than get stuck with other things crawling out the woodwork here .

[bam bam rubble] 25/6/2015 17:21

Only takeover action here will be Peterhouse diluting holders to sub 10% with a
placing at 0.1p. With junior oil dead it will probably become a biotech vehicle.

[hugepants] 25/6/2015 16:52

Any chance Shell or BP will make a formal takeover bid for this?

[bam bam rubble] 25/6/2015 16:37

Breaking down this settlement, at the end of last they owed CGG some £0.83m plus
£0.4m accrued interest. After quarterly payments in Feb/May 2015 the amount owed
would have been £0.6m. So with the £0.4m interest TRAP would have paid off c.£1m

As the combined settlement including disposal of Athena was stated as £2 million
it looks like TRAP has sold its interest in the field by paying a million pounds.
And they even threw in 75% of the proceeds of any sale of its remaining licenses.
Selling Athena for cash was always fantasy land but a disposal for nil shouldn't
have been too tall an order. This management team actually paid to get rid of it.

Commenting on todays announcement, Chairman Marcus Stanton said; "I am pleased.."

[ohisay] 25/6/2015 16:36

Ah yes thanks Cash - what might have been - a mixture of Govmt incompetence and markets coming off the QE drugs.

[cashandcard] 25/6/2015 16:30

XEO was encore's sub company.


Cash

[ohisay] 25/6/2015 16:24

Greying Surfer - my thoughts too.
Thought it might drop to .25/.30p bid today.Dunno why that guy was buying 600k this morning at .44p.Wouldn't have been my first thought.
This is basically a punt on what TC thinks Athena is worth.As we have no recent metrics on the likely cash bleed (or not)at 60$/65$ I can't see why one would look to invest.
Its either TC buyout - at not much more than the current buy price (Trap have no good cards left to play now)or a dilutive cash raise at .25p to keep the show on the road for a while .
But North sea keeps getting worse - I see Eon want to offload more.
A decent punt at sub.30p buy 2 months ago but not now at this price.

I've been following Trap off and on since they listed mid March 2011 2 weeks before Osborne initiated his witless tax hike.They've just squandered that bit of good fortune - two months later Encore couldn't get their sub company off the ground - I forget what it was called - such a pity they didn't do it earlier.

[greyingsurfer] 25/6/2015 14:54

Can't really see why this is still at 0.4p. I held a small punt from a bit higher, as a reasonable risk/reward play on drilling success. Sold first thing once the news was out but surprised not to see it fall further - can't see any real value left now. Happy to get more than I was expecting - but can't see who's buying, or why?

Peter

[bustedflush2] 25/6/2015 12:47

Where are the deluded rampers today ?