Share Name Share Symbol Market Type Share ISIN Share Description
Touchst EX Di LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -1.69% 14.50p 14.00p 15.00p 14.75p 14.50p 14.75p 115,509 12:56:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 18.8 3.3 -0.6 - 18.69

Touchst EX Di Share Discussion Threads

Showing 2551 to 2575 of 2575 messages
Chat Pages: 103  102  101  100  99  98  97  96  95  94  93  92  Older
DateSubjectAuthorDiscuss
19/6/2018
15:44
Expensive but, from operational results to date, worth it. If the markets weren't risk off right now this would be as blue as a very blue thing.
rossannan
19/6/2018
15:34
That sounds like a very expensive bit of financing to me. I wonder what the true APR is on that loan? Flat rate 8% compounded quarterly?
lord gnome
19/6/2018
15:15
Touchstone is required to repay $810,000 per quarter commencing on January 1, 2020 through October 1, 2022, and the then outstanding principal balance is repayable on the maturity date. The Amended Term Credit Facility continues to bear a fixed interest rate of 8% per annum compounded and, payable quarterly. ----> interest has always been paid quarterly, the 810k is capital.
sleveen
19/6/2018
14:28
The way I read the current and old loan info is that we pay interest now regularly till 2020 and then the principal amount starts
flyinghorse1
19/6/2018
14:08
flyinghorse Those payments included capital .
sleveen
19/6/2018
14:03
Headwinds like this: https://www.bloomberg.com/amp/news/articles/2018-06-19/opec-faces-a-bigger-problem-in-washington-than-trump-s-tweets
fireplace22
19/6/2018
13:57
cfc No way over the longer term is it unavoidable. It is complex and cyclical. If you start imagining that both demand and supply are one way bets you sooner or later end up with a portfolio of oilers that is stuffed with debt and unreasonably high breakevens and you are then basically at the edge of a cliff. Better to take nothing for granted when it comes to the oil price and pick oilers that can cope with unexpected headwinds.
rossannan
19/6/2018
11:49
I thought the interest payments were being paid from jan 2018 at quite hefty terms and still are. It’s the principal they have delayed. I do hold but had hoped to see capital paid down sooner than later.
flyinghorse1
19/6/2018
10:54
rossannan all those events will be temporary blips. World population expected to grow by one billion in the next ten years and the demand for oil is going to be higher than ever. Its unavoidable Edit Libya's oil export terminal looks like its at risk of shutting down half its storage tanks have been blown up.
captainfatcat
19/6/2018
10:48
no trades at all today.. strange
futuredlighter
19/6/2018
07:50
“Major oil supply shortages and very high oil prices over the coming years are unavoidable now” It might seem like that looking at the supply side of the equation but you can’t ignore the demand side. Turmoil in world markets / the global economy - certainly not out of the question, imagine a trade war, for example - could quickly rebalance supply and demand.
rossannan
19/6/2018
00:46
Pushing the payback of the interest on the Credit Facility down the road by 12 months to free up a total of $8.2m for a one off payment of $0.15m, is not only a great way to finance the 2019 5 well, high impact Ortoire bloc exploration programme - where success at any one of the 5 large prospects has the potential to be completely transformational for the company - but will probably prove to be highly prescient from an oil market timing persecutive. The ongoing depletion of existing non-shale oil output is directly the result of a lack of investment in new projects over many years - it will ultimately, i.e. within a couple of years, trump whatever production increases US shale and OPEC can come up with. Even if non-shale oil sector investment surged from tomorrow, which it will not, it would take at least 3-5 years for the production benefits from such investment to be realised. Major oil supply shortages and very high oil prices over the coming years are unavoidable now, as are major copper market deficits and much higher copper prices for exactly the same reason.
mount teide
18/6/2018
17:11
Absolutely 8-)
captainfatcat
18/6/2018
16:43
Does blue in dodgy old Toronto count?
rossannan
18/6/2018
15:05
Looks like good news for investors and a good move by the board. Looks like this cash will go some way of paying for the Ortoire drilling campaign while cash from operations pay for the other wells. Bopd by the end of 2019 could be a very significant amount especially if they find resources in Ortoire.
crooky1967
18/6/2018
14:17
This from Malcy today: “Touchstone Exploration Touchstone has announced a one year extension to their credit facility, at a cost of $150/- which seems exceptional value for an extended term, no change in coupon and a removal of tricky covenants. The race is now on to get production up and to be able to pay the payments when they eventually become due or to cut a deal with someone, all of which is possible…A smart move but to an extent a moving of deckchairs, I am hoping to catch up with the CEO soon, our diaries havent matched so far but keen to chat.” Not sure I agree with “to an extent a moving of deckchairs”. What PB has done is bought time and bought it, as Malcy acknowledges, very cheaply. And, given the plan for 2019, it is a potentially very valuable chunk of time that PB has bought, IMO.
rossannan
18/6/2018
10:59
Late reported 100k buy @ 8.49am.
sleveen
18/6/2018
10:33
Yes indeed, while frustrating the share price is not reacting todays rns its still excellent news for investors, hopefully a key part in unlocking the potential here. I hope to add some more when funds allow.
captainfatcat
18/6/2018
10:24
More fool them.
rossannan
18/6/2018
10:21
TXP I suspect for now is just way off investors radars.
captainfatcat
18/6/2018
10:17
I would genuinely be surprised not to see a blue finish today. All of the T&T oilers (except RRL, obviously) have their respective merits, but the operational momentum here is second to none and while they all have high impact drilling on the cards, it looks as if TXP will get to its first.
rossannan
18/6/2018
10:04
Proactive investor forum tomorrow and further presentations Wednesday.
che7win
18/6/2018
09:33
Yes, PB has not shied away from the funding gap but has instead made a smart move that will ensure that the excitement just keeps building through into 2019.
rossannan
18/6/2018
08:59
$8.2m freed up for a one off payment of $0.15m - great work by the management. Looks like they have just generated the funding for Ortoire's 5 well high impact exploration programme starting Jan 2019 for a payment of just 1.8% of the total amount of additional cash, that the credit facility extension and lifting of the minimum cash reserve covenant will make immediately available for use over the next 18 months.
mount teide
18/6/2018
08:45
Sleveen PPC also have some additional production from other assets. They are running at around 2900 BOPD gross but I take your point how undervalued TXP are by comparison.
brasso3
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