Touchstone Exploration Share Discussion Threads

[che7win] 02/1/2018 22:32

Ross, 24 on the ask in Canada.

[che7win] 02/1/2018 16:12

Up again in Canada.

[che7win] 29/12/2017 18:07

hTtps://www.forbes.com/sites/jimcollins/2017/12/29/oil-is-the-new-nasdaq-for-2018/#654e8a9660ae

[che7win] 29/12/2017 08:04

WTI hitting a new high right now at $60.20.Friday's WTI price rises were driven by a surprise drop in U.S. oil production, which last week dipped to 9.754 million barrels per day (bpd), down from 9.789 million bpd the previous week, according to data from the Energy Information Administration (EIA) released late on Thursday.U.S. output is still up by almost 16 percent since mid-2016, but most analysts had expected production to break through 10 million bpd by the end of this year - a level only surpassed by top exporter Saudi Arabia and top producer Russia.WTI prices were further boosted by a fall in U.S. commercial crude storage levels, which dropped by 4.6 million barrels in the week to Dec. 22 to 431.9 million barrels, according to the EIA.Inventories are now down by almost 20 percent from their historic highs last March, and well below this time last year or in 2015.

[che7win] 28/12/2017 08:20

The absolute bargain price currently available is slowly disappearing.Can't wait for the news flow here next year.This closed at 13p to buy in Canada last night.

[phowdo] 28/12/2017 08:19

Broken the downtrend and back above placing price.

[grannyboy] 27/12/2017 16:20

And once they start its going to be non stop well workovers for six months...plenty of news to keep us interested!!! :))

[brasso3] 27/12/2017 15:57

This has been undervalued for too long. The herd will arrive with the drilling rig.

[che7win] 27/12/2017 15:37

Buying at 13p in Canada.

[che7win] 27/12/2017 12:12

Mount Teide,
I agree, I am a contrarian at heart, but also find I can make a lot of money trading T20s (helped by a bull market).

I intend to keep these to allow the longer term story to unfold. I love to buy when stocks are not in vogue.

I am satisfied as to why recent developments have taken place here and think we have a gem in TXP.

[che7win] 27/12/2017 11:16

First buy today is also indirectly related transaction.Love this price.

[che7win] 27/12/2017 10:24

Another 25123 for me.

[che7win] 27/12/2017 09:32

Think they w right to push this up though, I might buy more.

[grannyboy] 27/12/2017 08:17

Yes about time we started catching up...:)

[che7win] 27/12/2017 08:16

Wakey, wakey, TXP up in Canada 11%, UK price well behind.

[che7win] 26/12/2017 18:02

Yes, a Libyan oil pipeline has been blown up, transports 90,000 bopd.Suddenly, oil supply is looking vulnerable, the oil market hasn't priced in supply disruptions, but Forties and today's news should show the vulnerability alongside a very volatile Middle East.As I said last week, I've been adding here to an overweight position while TXP remains at these prices, I'm confident in the company delivering multiple times its current price over the next year.I will want to add this week if the price stays low.

[mount teide] 26/12/2017 16:41

Brent up 2.38% to $66.96

$20 a barrel more than in mid July when the 4 well drilling programme was completed. At current level of production that's equivalent to $10.5million additional revenue per annum compared to when the POO was $47.

Timing of the continuous 10 well drilling programme to commence Jan 2018 is looking prescient.

[mount teide] 22/12/2017 17:07

Good to see Brent push above $65 into the close today.

Yes, Merry Xmas to all of you!

[grannyboy] 22/12/2017 12:57

Yes the buying appears to be gathering pace...but that's it now till after Christmas...All the best!!!