Touchstone Exploration Share Discussion Threads

[buffythebuffoon] 09/1/2018 11:03

che7win,

Can’t you get your ‘broker’, be it a spreadbet company or otherwise, to buy a larger tranche in one go?

Buffy

[che7win] 09/1/2018 10:44

And another 25k for me, will need to keep going before this window closes.

[grannyboy] 08/1/2018 22:59

Well they've got 10 to work on..best get started!!!.

[che7win] 08/1/2018 22:34

Paul Baay, CEO, states in today's issue of @upstream, "it's now time for us to crank it up and start drilling wells and applying technology" #TXP #Oil #LSE #TSX #Drilling

[che7win] 08/1/2018 21:40

Lovely rise in Canada :-)A nice 250,000 buy showing here from morning time.These are sale prices as far as I'm concerned.

[che7win] 08/1/2018 16:24

Mount Teide, Thanks, resource stocks should do well this year, I'm happy to stick with oil for now.I'm very, very positive here, much more than any other Trinidad play at these prices.Wish the share price would go up here so I didn't have to buy, just too appealing at this price to me.

[mount teide] 08/1/2018 16:00

che7win - the big one (Beutong Production license) landed today at ARS - worth checking out - like TXP should have a great 2018.

[che7win] 08/1/2018 15:40

Great stuff Ross.

I've been hoping all day that these would fall, couldn't wait any longer, I've bought another 11071 shares for the ISA. I nearly bought at 13.5p first thing, so glad I could hold out this long, I'm pleased with my patience!

Just another £15k to go in that account, then onto the next one :-)

Please fall a bit more before the extensive drilling program is announced, lol :-)

[sleveen] 08/1/2018 15:33

Nice balanced post ross.

[mount teide] 07/1/2018 12:39

As oil prices start to stir, the only way is up - Liam Halligan - Sunday Telegraph

A few snippets as this is a premium article and requires a subscription - having followed Liam for many years, he his one of very few economists to get far more calls right than wrong - perhaps because working in the private sector DEMANDS a much higher level of success for survival compared to the cosseted public sector, where many in the Treasury/IMF/OECD/IFS to name just a few organisations which seem to get far more calls wrong without it having any effect whatsoever on their next months pay-cheque!

Oh to be a senior public sector mandarin with a final salary pension which scandalously, if they're over 50 years of age still allows them to retire at just 60 years of age on a full pension, while youngsters today, some with huge student debts and no private pension arrangements worthy of the name will have to work to at least 68 years of age to help fund these huge senior level bureaucrat final salary pensions, before being able to draw their own very modest State Pension!



'Oil prices are stirring again. Brent crude last week topped $68 a barrel for the first time since 2015 – and shows few signs of abating. Oil has now risen no less than 140pc since bottoming out in January 2016 and is up 35pc over the last six months.

During 2018, the path of crude will continue to reflect the ongoing “Opec versus shale” battle. As such, the mighty exporters’ cartel will try to keep prices high by limiting production. The gung-ho US shale industry, meanwhile, comprising independent and often heavily-indebted producers, will do all it can to pump as much as possible – which pushes prices down.

At the same time, numerous other geo-political tensions will swirl. Will Russia keep helping Opec by limiting production? Will tensions across the Middle East spiral out of control? Economic textbooks tell us prices are determined by supply and demand, based on commercial decisions by “rational agents”. The price of oil, perhaps the world’s most crucial single economic variable, isn’t like that. Crude is driven largely by politics – and 2018 will be no different.........Last week’s three-year oil price high is a case in point. Crude surged after demonstrations began in Mashhad, Iran’s second largest city, before spreading to other parts of the country, including the capital Tehran.......

......Markets are spooked less by concerns that Iranian demonstrators will threaten the country’s oil industry directly. The fear is that a heavy-handed crackdown on protesters by the Iranian authorities will give President Trump the excuse he craves to re-impose sanctions, removing Iranian crude from global markets once more. Trump has never liked Obama’s Iran rapprochement and is itching to reverse it – a move that could send oil prices soaring.......

......At least part of the recent price rise does reflect economics. As the global recovery takes hold, oil demand has been rising. Since 2012, crude consumption has expanded sharply, from 90.6 million barrels daily to almost 97 million – a 7pc rise – and we’re now in the midst of the strongest period of oil demand growth since the 2008 global financial crisis. With the IMF forecasting 2018 global GDP growth at a chunky 3.6pc, and the Chinese government stockpiling oil with gusto, that bullish case for crude is taking hold........

.......The Saudis, facing political dissent at home and with a budget deficit that’s still around 10pc of GDP, need cash now – which is why Riyadh wants higher prices......The Desert Kingdom is now so cash-strapped that it is selling part of oil giant Saudi Aramco – the flotation price of which will be driven by prevailing crude prices.......

........Much has been written about electric cars and “the end of the oil era”. That won’t happen anytime soon. The global oil complex and the manufacturers of internal combustion engines, are two of the most powerful lobbies on earth. Oil demand will keep rising for years and probably decades hence. Those betting against this oil rally, though, hope that as the US shale producers up the ante, the recent Russia-Opec love-in will cease. But that scenario would be instantly demolished if Trump wakes up tomorrow and launches a nasty tweet against Iran. Economics is rarely boring. Not least when politics prevails.

[che7win] 05/1/2018 16:20

What an excellent article linked below, well worth registering for, very exciting :-)

Touchstone to revive Trinidad campaign.

Operator lines up major drilling plan after four-year hiatus as it looks to boost output from legacy oilfields

[grannyboy] 04/1/2018 18:38

Most likely taking a breather to let the share price catch up over here..LOL!

[mount teide] 04/1/2018 15:27

Current TSX mid price is 24c/14.5p - TSX volume in first hour or so is already four fold today's total reported AIM volume.

[brasso3] 03/1/2018 18:35

I like dual listed companies on the TSX mainly for the quarterly updates that are not required by AIM.

[che7win] 03/1/2018 18:15

MT, I agree, I expect faster percentage growth here.Canada is an important exchange, today has some larger trades than usual for TSX and the buys are currently going through at 25.5 cents - or 15p.

[mount teide] 03/1/2018 17:22

che7win - I agree - hold large positions in both but, believe TXP holds the greater capital growth potential over the next 12 months, as a result of a fully funded 2018 operations programme that is likely to deliver more than 50% production growth and, huge current valuation differential compared to its T&T on-shore peers.

ross - TSX - 'is a market best ignored' ? - a transaction volume today of 515k in the first 2.5 hours of trading (AIM had 260k today in the same timescale), perhaps suggests otherwise.