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
  +0.00p +0.00% 12.10p 11.70p 12.50p 12.10p 12.10p 12.10p 154,065 07:49:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 15.60

Touchst EX Di Share Discussion Threads

Showing 1851 to 1874 of 1875 messages
Chat Pages: 75  74  73  72  71  70  69  68  67  66  65  64  Older
DateSubjectAuthorDiscuss
22/2/2018
14:28
Agreed, quiet BBs are often where the money is made.In the meantime, here is a transcript of the T&T Prime Minister's New Year address to the nation. It is an interesting read. Sobering but also refreshingly honest. Admitting the problems is the first step. A new start for T&T perhaps?http://www.trinidadandtobagonews.com/blog/?p=10503
rossannan
22/2/2018
11:27
phowdo, I prefer a quiet board, quite happy to hold these and be patient.
che7win
22/2/2018
10:47
Looks like the valuation gap between here and the Canucks has now closed. A few buys trickling in ahead of drill results. Fortunately none of the craziness here that plagued UKOG.
phowdo
16/2/2018
23:09
Thanks MT: I have found this article recently published and probably relates to your info, as follows: https://tinyurl.com/y7psh8ek
mazarin
16/2/2018
19:38
The first well, PS-602, is located in the Grand Ravine WD-4 Block. It was spudded on February 3 and is being drilled down to around 5,500 feet, targeting two zones (the upper and lower Forest formations - these are the main producing formations at Grand Ravine, and the well is positioned in what’s seen as an ‘undrainedR17; portion of the property. Target depth is expected to be reached within ten days, with the well online for production within fourteen after that - so we could well hear news next week. The second rig is expected to commence drilling before the end of the month at the Forest Reserve WD-8 block.
mount teide
07/2/2018
21:12
Thanks CHET, the above article certainly does provide an encouraging response to today's update - and what's more it appears we shouldn't have to wait too long to discover preliminary findings of current program.
mazarin
07/2/2018
20:42
http://www.valuethemarkets.com/index.php/2018/02/07/market-starts-wake-touchstone-drilling-programme-shares-offer-much-value-txp/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork
che7win
07/2/2018
18:32
rossannan, I couldn’t improve on your assessment. Taking all factors into account I came to the conclusion that the share price growth would be clearly greatest in TXP, and since we’re here to make money that is all that matters. I understand risk adjusted returns, but since I don’t think debt will be a problem, that’s not relevant to me. I’m just looking at the absolute return. Buffy
buffythebuffoon
07/2/2018
16:35
Tonight’s oil price data makes that bit of hedging look like a smart move.
rossannan
07/2/2018
16:24
Buffy It’s hard to compare the three viable T&T independents because they all offer different growth / risk / debt profiles. CERP could grow explosively but there is already an (arguably justified) growth premium in the share price. CERP doesn’t have very much debt now. TXP looks likely to grow significantly and there certainly isn’t a growth premium in the share price. TXP does have significant debt though. TRIN will almost certainly grow steadily but while it is making good progress with its debt, it is certainly not debt free. TRIN is boring by comparison with the other two and that’s why TRIN is where I have serious money. Happy though to have a normal sized stake in one of the other two and TXP is the one that I’ve chosen for now.
rossannan
07/2/2018
14:24
We can see from the trajectory, that we will be cashflow positive and then kick on. However, the market views TRIN a far better investment, as does Malcy, because they are cashflow positive with a large cash balance and debt free. I can see that, but if you asked me which would outperform in respect of their share price over the next 18-36 months, I would say TXP every time when compared to any of the T&T producers. Buffy
buffythebuffoon
07/2/2018
14:20
Hi che7win, At a Shares Magazine Investment Presentation I recall PB clearly saying there would likely be a second ten well drilling campaign in the second half of the year. Buffy
buffythebuffoon
07/2/2018
08:51
Aye,added yesterday. Nice rise on the news. Bout time we got "over the radar"
trapissed monk
07/2/2018
08:48
TXP should have been rising alongside TRIN this year, we have a lot of catching up to do.
che7win
07/2/2018
08:31
All good, particularly like that production is still around 1500bopd, in other words that declines are still being successfully countered by normal interventions and that the new production will be properly incremental.
rossannan
07/2/2018
08:22
Good update - with confirmation that production is still circa 1500bopd Next 6 months have the potential to be transformational for the company. Good to see that some of the early drill locations are in areas with very high historic production performance.
mount teide
07/2/2018
07:56
Yes nice clear plans, without any waffle, nothing more really to add that isn't covered in che7win's post.. Except to say looking forward to further progress.
grannyboy
07/2/2018
07:26
A nice update, I did add here yesterday. First drill spudded and 10 days from total depth, these wells don't take long to drill. Meeting licence obligations this year, but like that they are building in some future drilling prospects options into some of these pads. I suppose the put option is sensible at this junction. A hint at the end of the statement that they might go above and beyond the 10 well drills this year, depending on circumstances. Things are looking good here, this is my preferred T&T oil play.
che7win
06/2/2018
01:26
Up in Canada! Go figure.
rossannan
05/2/2018
14:29
Vox xomment:hTtp://www.valuethemarkets.com/index.php/2018/02/05/institutional-investors-increase-aim-oil-exposure-black-stuff-resists-wider-market-sell-off-jog-txp/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork
che7win
05/2/2018
12:32
Q4/FY results were March 22 last year, so that's a backstop date for news, IMO.
rossannan
05/2/2018
12:09
Yes agree, the share price will remain moribund until some, hopefully good news is announced.. Has anyone any thoughts on what the next news announcement could be about?.
grannyboy
05/2/2018
11:59
Nothing silly about it in the absence of news - entirely to be expected.
rossannan
05/2/2018
10:41
Still some loose stock, silly at this current valuation
wheniamfree
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