Touchstone Exploration Share Discussion Threads

[che7win] 11/5/2018 11:03

TXP is expanding production by at least 30%, if not more on the 10 drills.

They took 2 rigs, when TRIN stalled on expansion this year. I think they will expand aggressively and will surprise more to the upside than TRIN.

TRIN also has more risk with offshore, so for me TXP is the better play.

[otemple3] 11/5/2018 10:45

I get the operational leverage but I am not investing here as have not (yet) seen enough to convince me on sustainable production growth. Market seems (to me) less interested in leverage based companies (enquest, prem) at the moment. Just think it is overly simplistic to say both are t&t so both should behave the same. Trin management have transformed the business and the share price is reacting accordingly. The recent price of oil is imho a small factor in this. Txp has also increased as poo has.

[che7win] 11/5/2018 10:28

For one reason, TXP has higher gearing than TRIN, it should outperform with POO rises.

It is also growing production faster, expansion at cheap cost.

[otemple3] 11/5/2018 10:26

Why should this catch up with trin? They are completely different businesses with different risk profiles. If txp can prove they can grow production sustainably and therefore clear the debt, they will re-rate. Trin is already there

[sleveen] 11/5/2018 10:08

Agree, Q1 update can't be far off to show production progress.

[che7win] 11/5/2018 10:04

At last on the move, should be over 20p to catch up on TRIN

[2prsimo] 11/5/2018 09:01

Just too cheap given the poo

[phowdo] 11/5/2018 09:00

Looking a bit better now with narrower spread. Perhaps that line of stock cleared.

[mr. t] 10/5/2018 16:30

Fair point!

[mr. t] 10/5/2018 15:47

Also topped up today.I appreciate the SPT means the oil price rise doesn't all flow through to profits. But still, the recent movement in Brent, combined with output getting towards 2k boepd, combined with TXP being highly geared - all leads to the share price moving up. And at some point, I think the sentiment to oil stocks will improve with the higher oil prices.

[crooky1967] 10/5/2018 15:10

How does that drop 15% on 1400 shares?

[grannyboy] 10/5/2018 13:31

Yes you could be right ZENGAS..and might be a reason why rossanna hasn't had a reply to his query of the missing well, which we might get in any update?.

[zengas] 10/5/2018 13:23

An update on operations must be imminent imo.

They were issued at about 2 monthly intervals -
14/9/17.
28/11/17.
16/1/18.
14/3/18.

[mount teide] 10/5/2018 01:34

Funds bet on $150 oil as Trump blunders into Middle-East battlefield by rejecting Iran deal



Donald Trump could scarcely have chosen a more treacherous economic moment to tear up the “decaying and rotten deal” with Iran. The world crude market is already tightening very fast.

Joint production curbs by Opec and Russia have cleared the four-year glut of oil. There is no longer an ample safety buffer against supply shocks. The geopolitical "premium" on prices has returned.

The Maduro regime in Venezuela is in its last agonies. The country’s oil industry is imploding as spare parts run out, taking 700,000 barrels a day (b/d) off the global market over the last year.

North America has hit an infrastructure crunch. There are not yet enough pipelines to keep pace with shale oil output from the Permian Basin of West Texas, and it is much the same story in the Alberta tar sands.

The prospect of losing a chunk of Iranian oil exports would not have mattered much a year ago. It certainly matters now. It is the confluence of simmering political crises in so many places – including Libya – that has driven Brent crude to $77 a barrel, up 60pc since last June.

"We believe an oil price shock is looming as early as 2019 as several elements combine to form a ‘perfect storm’," said Westbeck Capital. It predicts $100 crude in short order, with $150 coming into sight as the world faces a crunch all too reminiscent of July 2008.

The fund warns that the investment collapse since 2014 is about to deliver its inevitable sting. Declining fields are not being replaced. Output from conventional projects has until now been rising but the cycle will turn this year and production will fall precipitously by 1.5m b/d in 2019. By then global spare capacity will be down to a lethally thin 1pc. US shale cannot plug the full gap. "The mantra after 2014 of 'lower for longer' has lulled oil analysts into a torpor," it said.

[grannyboy] 09/5/2018 15:46

Well it needs something to give it a nudge...it's become moribund...don't the mm's realise..we are supposed to be mirroring trin!!!

[mr. t] 09/5/2018 15:40

Based on previous news updates, we should get an operational update for March and April in the next week or two plus q1 2018 results.Maybe these will help give the share price a nudge.

[mount teide] 09/5/2018 08:29

Brent hits $77

[che7win] 09/5/2018 07:50

We have a lot of catching up to do with TRIN.Gearing effect here should be greater, I expect we catch up at some stage.