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
  -0.60p -2.96% 19.70p 19.40p 20.00p 20.30p 19.50p 20.30p 382,776 14:41:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 18.8 3.3 -0.6 - 25.40

Touchst EX Di Share Discussion Threads

Showing 4126 to 4148 of 4150 messages
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DateSubjectAuthorDiscuss
23/10/2018
16:27
POO not helping that's for sure.
sleveen
23/10/2018
12:10
Market makers happy to take a lot of shares again. Indicates more background buyers soaking it up.
ileeman
22/10/2018
19:03
Surprised there is not more people loading up on the back of the holdings RNS. Looks like the significant holder most have loaded up quite a bit above 20p.
ileeman
22/10/2018
09:00
US Shale Oil Industry - New report concludes - "Until the industry as a whole improves, producing both sustained profits and consistently positive cash flows, careful investors would be wise to view fracking companies as speculative investments" U.S. Shale Has A Glaring Problem - OilPrice.com today hTTps://oilprice.com/Energy/Crude-Oil/China-Cant-Get-Enough-Of-The-Worlds-Cheapest-Crude.html 'A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the “alarming volumes of red ink” within the shale industry. “Even after two and a half years of rising oil prices and growing expectations for improved financial results, a review of 33 publicly traded oil and gas fracking companies shows the companies posting negative free cash flows through June,” the report’s authors write. The 33 small and medium-sized drillers posted a combined $3.9 billion in negative cash flow in the first half of 2018. The glaring problem with the poor financial results is that 2018 was supposed to be the year that the shale industry finally turned a corner. Earlier this year, the International Energy Agency painted a rosy portrait of U.S. shale, arguing in a report that “higher prices and operational improvements are putting the US shale sector on track to achieve positive free cash flow in 2018 for the first time ever.” The improved outlook came after years of mounting debt and negative cash flow. The IEA estimates that the U.S. shale industry generated cumulative negative free cash flow of over $200 billion between 2010 and 2014. The oil market downturn that began in 2014 was supposed to have changed profligate spending, pushing out inefficient companies and leaving the sector as a whole much leaner and healthier. But the warning signs have been clear for some time. The Wall Street Journal reported in August that the second quarter was a disappointment. The WSJ analyzed 50 companies, finding that they spent a combined $2 billion more than they generated in the second quarter. The new report from IEEFA and the Sightline Institute add more detail the industry’s recent performance. Only seven out of the 33 companies analyzed in the report had positive cash flow in the first half of the year, and the whole group burned through a combined $5 billion in cash reserves over that time period. Even more remarkable is the fact that the negative financials come amidst a production boom. The U.S. continues to break production records week after week, and at over 11 million barrels per day, the U.S. could soon become the world’s largest oil producer. Analysts differ over the trajectory of shale, but they only argue over how fast output will grow. Yet, even as drillers extract ever greater volumes of oil from the ground, they still are not turning a profit. “To outward appearances, the U.S. oil and gas industry is in the midst of a decade-long boom,” IEEFA and the Sightline Institute write in their report. However, “America’s fracking boom has been a world-class bust.” The ongoing struggles raises questions about the long-term. If the industry is still not profitable – after a decade of drilling, after major efficiency improvements since 2014, and after a sharp rebound in oil prices – when will it ever be profitable? Is there something fundamentally problematic about the nature of shale drilling, which suffers from steep decline rates over relatively short periods of time and requires constant spending and drilling to maintain? Third quarter results will start trickling in over the next few days and weeks, which should provide more clues into the shale industry’s health. There is even more pressure on drillers to post profits because the third quarter saw much higher oil prices. “Until the industry as a whole improves, producing both sustained profits and consistently positive cash flows, careful investors would be wise to view fracking companies as speculative investments,” the authors of the report concluded.'
mount teide
21/10/2018
18:06
World oil and liquids supply surpassed 100 million barrels a day for the first time in Q3/2018 - IEA Global supply rose to 100.3 million bpd in Q3 the IEA said on Friday in its monthly oil market report. Output, which includes crude oil, natural gas liquids, biofuels and refinery processing gains, was 2.3 million barrels a day higher than Q3/2017 when Brent average circa $53. So, despite increasing global oil and liquids production some 2.3% over the last year while Cushing stocks fell from circa 60m bbls to circa 25m bbls; such was the demand the price of Brent still rose over 60% from $53 to more than $85 at the recent peak - suggesting a much tighter market than the "adequately supplied" political language used by the IEA. hTTps://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&;s=W_EPC0_SAX_YCUOK_MBBL&f=W
mount teide
21/10/2018
16:36
Asia's 4.6 billion population set to see it's oil deficit surge 30% to 35m bopd by 2025 - a forecast growth of 8 million bopd in just 6 years. Asia has got to find a supplier for an additional 1.3 times the North Sea's annual oil production EVERY year through to 2025. Asia’s Thirst for Oil will Continue - Oil & Gas Bulletin - 15 October 2018 'Asia’s oil deficit will widen to 35 million barrels per day (bpd) by 2025, up about 30% from the current 27 million bpd, amplifying global trade flow imbalances, a senior executive at French oil and energy group Total said on Tuesday. At the same time, Europe’s imports will be stable at 10 million bpd, while exports from North America and the Middle East will increase, said Thomas Waymel, the company’s president of trading and shipping. The United States will export shale oil, but its refineries will continue to import medium and heavy sour grades, Waymel said during the Asia Pacific Petroleum Conference (APPEC) in Singapore. Regulatory changes like IMO 2020, which will cap sulfur content in ship fuel, will be another driver for growth and changing trade flows, he said. “The fuel oil flows will be reduced. At the same time, the shipping industry will need distillates … so Europe and Singapore will attract more distillates,” Waymel said. New trade flows might emerge for high sulfur fuel oil either in coker capacity or power plants switching back from coal or gas to high sulfur fuel oil. Light sweet crude will be more in demand, while heavy sour grades will need to be processed by complex refineries, he said. “Regulatory changes will dramatically affect an increase in flows of both crude and products. It should also have positive impact on freight rates which is finally good news for ship owners,” he said.'
mount teide
20/10/2018
18:15
Maybe US Permian growth can fill any OPEC gap. Or maybe not...hTTps://www.spglobal.com/platts/en/market-insights/latest-news/oil/101918-falling-permian-well-performance-could-pose-risk-to-longer-term-growth-schlumberger
mr. t
20/10/2018
11:15
Mr T Thanks for the info on Richard Sneller and also to MT for referring to TXP some weeks past in another post which encouraged me to research the company. I've built up a small stake here in recent weeks and am impressed by the professionalism I'm seeing the company demonstrate. Looks like there's a clear strategy mapped out for the next year and they are exceeding delivery against their expectations. Exactly the solid and consistent kind of results I look for as an investor.
zeusfurla
19/10/2018
19:00
Mr.T - thanks.
mount teide
19/10/2018
18:24
Mount Teide - I got the data from the EIA here: hTTps://www.eia.gov/dnav/pet/hist/RWTCD.htm
mr. t
19/10/2018
18:22
TXP's recent high was on 7th August at 21.5p compared to 20.3p today - On 7th August Brent was $72.31 compared to $80 today. - On 7th August the last operational update (from 12th June) said production was 1,821 bbls/day compared to our most recent operational update saying production is 2,015 bbls/day. - On 7th August the plan was to drill 10 wells in 2018, compared to the current plan to drill 14. - Since the 7th August, the Ortoire plans have progressed nicely. So, why is TXP's share price today less today than it was in August? There's no good reason and its due to market inefficiency - which will be corrected soon enough when TXP rises to 25p then 30p imo.
mr. t
19/10/2018
18:19
Mr.T - thanks for the historical oil sales price analysis - the prices Paria are achieving on the open market are certainly encouraging for TXP. Out of interest where did you get your WTI historical average pricing?
mount teide
19/10/2018
18:01
Encouraging that with the share price up 165% since listing on AIM just over a year ago - Richard continues to keep building up his position at around the current share price with another 780,000 share purchase - he must of sunk close to £1m into TXP to date.
mount teide
19/10/2018
17:43
Another significant holdings RNS by some influential backers. No one wonder market makers were bidding for stock. Now they filled it how long can they keep it this low, not long is my guess. Should be off to a flyer next week, just look back at the effect David Newlands increase in holdings had on shareprice after his order was filled.
ileeman
19/10/2018
17:17
Richard Sneller has increased his personal stake in TXP from 3.4% to over 4%. hTTps://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TXP/13836293.html His day job is as a Partner of Baillie Gifford running their Emerging Markets Growth Fund: hTTps://www.bailliegifford.com/en/uk/individual-investors/funds/emerging-markets-growth-fund/about-the-fund/ And according to the following article he’s consistenly been in the top 25% of managers in his sector over the last 10 years: hTTps://www.pressreader.com/uk/the-daily-telegraph-your-money/20180721/281543701710238
mr. t
19/10/2018
15:02
Trinidad's oil sector is boosting the Caribbean economy: hTTps://antiguaobserver.com/eclac-says-expansion-of-economic-activity-across-the-region-will-continue-in-2019/ "Average expected growth for the English- or Dutch-speaking Caribbean is 1.9 per cent for 2018, a higher revised figure compared to the August projection and this is mainly due to a more vigorous oil sector in Trinidad and Tobago, the largest economy in the subregion" Hopefully this recognition will mean continued state and public support for the likes of TXP.
mr. t
19/10/2018
13:40
Thanks MT. Here are historical prices TXP has realized as a discount to WTI Q1 16 - 6% Q2 16 - 15% Q3 16 - 10.4% Q4 16 - 5.9% Q1 17 - 6.2% Q2 17 - 5.7% Q3 17 - 1.3% Q4 17 - 0.8% Q1 18 - 6.1% Q2 18 - 9.0% We don't know what cut Paria may get on TXP's sales, but I understand the price TXP will receive is linked to the price Paria will get on the open market. So if Paria get better than expected prices that should be good for TXP. We will see more money coming into TXP's coffers. For reference WTI averaged $68.03 in Q2 this year, $69.76 in Q3 and $73.84 Q4 to date.
mr. t
19/10/2018
12:45
T&T Govt announces new company's - Heritage Petroleum Company Ltd and Paria Fuel Trading Company - which will handle Petrortin's exploration and production and trading and marketing, respectively. hTTps://newsday.co.tt/2018/10/19/govt-announces-new-company-for-refinery-assets/ 'Khan said a vesting order was being prepared to transfer Petrotrin’s exploration and production assets to Heritage and the terminal, port and pier assets to Paria. There will also be an assignment of exploration and production licences under the name of Petrotrin at the Ministry of Energy to Heritage. “The transformation process is well on its way and going smoothly,” Khan said. The government hopes to have the new companies operationalized by the end of this year, he said. “All things being equal, 2019 will be a brand new year for the energy sector in TT,” he said. As it stands, all operations are still continuing under the name of Petrotrin. Khan added that all timelines are on schedule for the import and export of fuel and crude oil. The first shipment of fuel is expected around October 22-24 and the first crude export will be October 30-November 1. Neither Khan nor his Cabinet colleague Communications Minister Stuart Young could verify if Petrotrin had indeed retained a supplier for fuel. Khan said the company was “very close if not there already” when asked by reporters for the status, while Young said, given the information provided “I’m sure they have a supplier by now.” Regardless, Khan said there would be a “seamless transition for the supply” of liquid fuel, liquid petroleum gas (LPG or cooking gas) and bitumen, and the country has a 20-day buffer supply should there be any lapse in delivery time. Young also said that the price Petrotrin’s crude oil was fetching on the international market was well above the West Texas Intermediate price, the international benchmark price at which the TT budget is pegged. “We thought it would have been less than WTI. It’s even higher than we thought the crude was worth,” Young said.'
mount teide
18/10/2018
12:04
Listening to recent interview. Aswell as more production wells being complete over next couple months, they are also targetting a prospect in Q2 that could hold 300million barrels. Huge numbers.
ileeman
17/10/2018
22:29
and 100k at 20.7p
brasso3
17/10/2018
16:00
A 200k buy at 21p.
novicetrade68
17/10/2018
08:40
A couple of those buys this morning are mine. Suprised more people are not taking advantage....how long until 30p?
ileeman
17/10/2018
07:43
Having a look over TRINs rns today I noticed that they mention that when they drill two wells from the same pad completion can only occurred once both are drilled. With this in mine probably the same will apply when TXP drills two wells from the same pad in the WD-8 block later this year. https://www.investegate.co.uk/trinity-exploration--trin-/rns/q3-2018-operational-update/201810170700052666E/
captainfatcat
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P:42 V: D:20181024 04:45:58