Touchstone Exploration Share Discussion Threads

[ileeman] 20/12/2018 14:06

Hari time to buy is when everyone is bearish, we are at the point in oil. Market makers capitalizing on the low volume christmas markets.

Back near IPO price which is crazy if you look at all the great work that has taken place, in the mean time MM happy to load up shares from jittery investors.

[wanobi] 20/12/2018 13:54

all down to POO as you guys say, for me I should have sold soon after it showed me red,,, but didn't..... although I won't average down, against my rules, I will also keep holding what I have for now as I think the fall in POO is too much, too quickly, time will tell.... charts says we may get some support very soon, if not it'll be 5p for next test.... cheers Wan


free stock charts from uk.advfn.com

[hari] 20/12/2018 13:38

Do not get me wrong , I like this Co after reading more about it Sentiment is just against this for now Many oil Cos will also behave the same way

[hari] 20/12/2018 13:34

Not sure iLeeman If you look at this as a longer term investment then forget about it But one needs to adjust positions to market conditions Using the long term view ( which is unknown ) is a get out clause for poor investment decision The longer oil is sub $50 , the worse balance sheets figures will lookSo previous forecasts will be impacted .. hence the market begins to de-rate the share price Further attempt to re-balance supply will require more cuts https://www.bloomberg.com/news/articles/2018-12-12/opec-data-suggest-deeper-supply-cut-may-be-needed-in-late-2019

[ileeman] 20/12/2018 13:23

£13million mcap producing 2000 barrels the other month and increasing.

Madness to see market cap down here, oil yet to bounce significantly but if you believe it will soon then these price are absolute steals.

If/When oil bounces 20-30% you are looking at 20p here.

[lauders] 19/12/2018 08:56

Just waiting for that drilling news "On Target". Shame the oil price is getting weaker but hopefully the drill-bit will do the business and get some momentum back here. Long term we should be fine. Depends on each investor's outlook what long term means to them. I am talking years.

[on target] 18/12/2018 15:28

Gone very quiet on here? I suspect this is the time to buy.

[lauders] 13/12/2018 13:39

Some news due soon here one would think? This from Nov. 14th:

We spud the ninth well of our 2018 drilling program on November 1, 2018, and we expect the well to reach total depth within the next two days. The well is located on our WD-8 property and will be followed by the drilling of two additional wells in WD-8 from a common surface location. The Company has contracted a second third party rig to drill an additional WD-4 location, with spudding expected by the end of the month. Touchstone anticipates that the four wells will be drilled and completed by the end of the year.

We previously planned on utilizing a separate rig to drill two shallow work commitment wells on our South Palo Seco property prior to the end of the year. However, Petrotrin identified internal surface lease issues with the two previously approved locations. This will result in the Company drilling a total of 12 wells by year-end, with the two Palo Seco wells likely being pushed into the 2019 drilling program.

[wanobi] 11/12/2018 17:16

thanx crooky, appreciate your thoughts, cheers Wan

[crooky1967] 11/12/2018 16:07

Wan, expect both both to bounce back early next year. TXP maybe not reaching the twenties again for a a few months. Depends on cash flow and funds available for drilling Ortoire.

Looks like all T&T oilers are out of favour at the moment.

[ileeman] 11/12/2018 15:38

Small top up from me today.

[sleveen] 11/12/2018 10:36

TXP still have great potential.

Low POO and the debt need to be monitered.

[wanobi] 11/12/2018 10:02

well done sleveen, you probably sold to me :-) cheers Wan

[sleveen] 11/12/2018 08:58

Good, thanks for asking.

(I sold @ 19p when WTI was circa 50% higher than the current price)

[wanobi] 11/12/2018 08:29

how are we all feeling about POO and TXP right now? cheers Wan

[mount teide] 10/12/2018 01:20

After the first two weeks of a three week 'investment research' visit travelling around SE Asia the observations that have most influenced my thinking, in terms of future commodity demand(since a previous visit three years ago), is the massive increase in vehicle and smartphone(4G networks) ownership and property development/modernisation and national transport infrastructure development.

Incredibly, the phenomenal increase in demand for oil, gas and industrial metals by this fast growing region over the last decade is still in its infancy, accelerating and likely to remain highly elevated for decades more. Even today the per capita consumption of copper and oil compared to the West, is still barely ONE SEVENTH ACROSS THIS HIGH POPULATION REGION AND ONE FIFTEENTH IN INDIA.

Since, the fast growing and developing Nations of China, SE Asia and India have a population more the 4 times greater than the West, from what i've seen on this visit to date, at this stage of the latest commodity market cycle i am very comfortable indeed having over 80% of my investment portfolio currently in oil and industrial metals equities.

What many unfamiliar with this fast developing region may be overlooking, is that the average 4.50% to 6.75% GDP growth today generates a much greater annual increase in demand for oil and copper than the 7% to 10% growth achieved 15 years ago since, most of the economies are now more than twice as big.

AIMHO/DYOR

[ileeman] 07/12/2018 14:01

Was crazy not to cut, great news.

+6% oil

And I would imagine just the start of the recovery higher.

GKP up 5% TXP unchaged currently.

[captainfatcat] 07/12/2018 13:55

Some chatter online Opec + are planning a 1.2m bopd cut

[ileeman] 05/12/2018 16:02

"OPEC+ COMMITTEE RECOMMENDS A SUPPLY REDUCTION:"

Did someone order higher prices, good news and as expected.

Would have been madness not to cut.

[ileeman] 04/12/2018 10:31

Oil up another 3%, this will look like a steal when oil goes back to 70

[che7win] 03/12/2018 08:07

I think Canada oil reduction is part of reason oil jumping

[ileeman] 03/12/2018 07:58

Huge move ing oil.

Lows are finally in, hope people took advantage.

[captainfatcat] 03/12/2018 07:55

Hoping we will see a move up today. Talk of production cuts when Opec meet later this week as well as the US/China trade war ceasefire announced over the weekend driving the oil price higher.