Touchstone Exploration Share Discussion Threads

[fardels bear] 27/5/2018 22:45

What's the title?

[fardels bear] 27/5/2018 21:07

And for those of us without the necessary subscription?

[fardels bear] 24/5/2018 15:31

Sorry, I must have nodded off..

[mount teide] 24/5/2018 12:57

This is a party compared to last summer - just three posts in two months and two of them were mine!

Its up over 70% since coming to Aim just 11 months ago - if only all investments were so boring!

Since then oil has nearly doubled in price and production is up circa 20% and set to rapidly accelerate over the next 6 months, while cost per barrel continues to fall.

[fardels bear] 24/5/2018 11:41

I think this may be a bit boring for me..

[mount teide] 23/5/2018 22:36

'it has to be down to psychology!!!'

Sometimes done by mm's so that early on the following day they can raise the share price back to where it was just prior to the drop into the previous close; to create the impression of upward early buying pressure.

[grannyboy] 23/5/2018 17:21

Never ceases to baffle, when the mm's drop the share price with just a matter of a minute to close when they have had all day to do it..it has to be down to psychology!!!

[crooky1967] 23/5/2018 15:06

Agree with rossannan. Next ops update in July should start to propel the share price followed by Q2 financials. Might even get a boost if T&T look at a change to the oil royalty/tax system by the end of the year to incease exploration & production.

Am quite surprised though that the last RNS's did not have more of an effect on share price

[che7win] 23/5/2018 14:00

The bowl on the chart is indicating we should get to to year highs soon - I'd like us to consolidate above 20p

[captainfatcat] 23/5/2018 13:42

NT Good point

[novicetrade68] 23/5/2018 13:39

I don't know, if a MM has a readily accessible line of stock and requires shifting, then you wouldn't expect so many trades where over the offer is being paid?

[mount teide] 23/5/2018 13:35

CFC - you may well be right.

[captainfatcat] 23/5/2018 13:19

MT I am guessing maybe we are still seeing some unwinding of placement shares from December.

[mount teide] 23/5/2018 13:07

L2 - a decent level of selling pressure being absorbed at 15p that often previously would have seen the bid drop back - suggests some position building may be going on.

[novicetrade68] 23/5/2018 13:05

15.75p already being paid.

[mount teide] 23/5/2018 09:56

The global shipping fleet which represents 5% of global oil consumption is currently the last outlet for low cost, high sulphur 'dirty' oil.

New International Maritime Organisation Rules(IMO) effective early 2020 require shipowners to comply with a seven fold reduction in the concentration of sulfur used in their engine fuels.

Although shipowners have a number of options regarding compliance, the least expensive over the short/medium term is the capex free route of switching over to low sulfur fuels such as gasoil.


The Regulations That Could Push Oil Up To $90 - OilPrice.com today




'The IEA says that by 2020, demand for gasoil will shoot up to 1.74 million b/d, an increase of over 1 mb/d relative to 2018. That will displace the heavy fuel oil that is currently widespread. The IEA says that high-sulfur fuel oil demand will crater from 3.2 mb/d in 2019 to just 1.3 mb/d in 2020.

“We foresee a scramble for middle distillates that will drive crack spreads higher and drag oil prices with it,” Morgan Stanley analysts said in a note.

The investment bank said that Brent crude prices could jump to $90 per barrel, aided by the IMO regulations and the rush to secure compliant fuel. “The last period of severe middle distillate tightness occurred in late-2007/early-2008 and arguably was the critical factor that drove up Brent prices in that period,” Morgan Stanley wrote.

Already, stocks of middle distillates have declined below the five-year average in Europe, the U.S. and Asia. “The additional gasoil needed in 2020 is likely to trigger a spike in diesel prices. In our forecast, we assume an increase of 20 percent to 30 percent in that year,” the IEA said.

The intriguing conclusion from this scenario is that U.S. shale can’t be the solution. The flood of oil coming from the Permian basin is light and sweet, which tends to be transformed into gasoline, and is not suited for the production of middle distillates. Medium and heavy blends are more preferable for the distillates needed for maritime fuels, but those barrels are being held off of the market right now by the OPEC cuts.

“We expect the crude oil market to remain under-supplied and inventories to continue to draw,” the bank said. “This will likely underpin prices.”

[costax1654x] 22/5/2018 20:02

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[fardels bear] 22/5/2018 19:56

Christ, that guy is everywhere

[costax1654x] 22/5/2018 19:55

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[novicetrade68] 22/5/2018 18:15

I say lol because as a MM must be laughing their head off with someone selling shares at 13.50p only to pass on for 16p each...