Touchstone Exploration Investors - TXP

Touchstone Exploration Investors - TXP

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Stock Name Stock Symbol Market Stock Type
Touchstone Exploration Inc TXP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
1.50 1.76% 86.50 10:21:42
Open Price Low Price High Price Close Price Previous Close
86.00 86.00 86.50 85.00
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pro_s2009: This is why whoever is doing it is using CREST to borrow shares to hide their short........ It is not any of the large holders.......if they short they have to report their "net" position. They cannot have say 7% long position and a short......if they take out a short to have a net neutral position, they must report they have a 0% holding. (EG if Miton had 7% long and 6% short - they are obligated to report they no longer have an over 3% holding - as it would be 1% only). So unless you see a TR-1 notifying of a change in net position - none of the big holders are shorting or selling. So what we have here as an example as to how it works borrowing from CREST : BuffyHedgeFund (BHF) short sells 9 million TXP shares (naked shorting). BHF does not want to disclose they are short. BHF borrows from CREST 9 million shares. BHF now has 0% net position (9 million short + 9 million borrowed) so does not need to report their short position as they are below the 0.5% net short reporting level. BHF pays Euroclear a weekly/monthly fee for the CREST borrowed shares. Thats how it works and why they "borrow" private investors shares from CREST as it allows them to short with non reportable position as the borrowed shares they have cancel their short and they have a net not reportable position - the only way anyone knows there is a short is to look at the borrowed level of shares from CREST. This is why private investors shares are held by nominees (brokers) and put on CREST - as then the big boys can borrow from CREST and short......when there was only Paper Certificates for shares they could not do this. The only way to stop this is to ensure your broker who holds your shares in a nominee account provides written proof they do not allow shares to be borrowed. If you broker does not confirm they do not allow shares to be borrowed, move to a different broker who does not allow your shares to be borrowed by short sellers. So in fact, they could be short whatever the borrowed shares are on CREST, plus another 0.4% naked short..........provided they keep their overall net short position below 0.5% by borrowing from CREST, they do not have to report what they are doing - the only clue is the "borrowed from CREST" level of shares. BUT - end of the day BHF has to buy back 9 million shares to close their short - thats the rub.
buffythebuffoon: 11_Percent, I said “Ben Graham will be rolling around in his grave.” To which you replied: “ Ben was a growth stock investor......not a scammer.” Besides the fact you’ve missed the point entirely, Fisher was a growth investor, but Graham was about the most famous value investor in the English speaking world. I know I’ve used it before, but it seems so apposite here that I will repeat it. “Better for someone to suspect you are an idiot, than to open your mouth and remove all doubt.” That won’t stop you of course. Buffy
stupmy: Pro, you've just said investors are more mature (better/more successful) people than traders. You also seem to be putting people down for claiming to do well (buy at lows, selling at highs). Are you not being a hypocrite? Didn't you clearly post over on ENQ a little while ago about how your interest there was simply to trade it for repeated 20% profits (you were in fact deriding other posters who were not happy with their investment there). I have to say I found your post above to be disingenous and confusing. I would postulate that some investors do very well and that they do well because they understand their investments and can therefore tolerate some market volatility. Other investors do less well and I would postulate that the reason they do less well is that they do not understand their investments well (possibly becaus they followed the views of others) and therefore can't tolerate the same sort of volatility. I'd say that it's the same with trading. If you really understand your trades, then you know why you entered at a certain level, what your expectations were and where you plan to close and why. If you don't understand your trades (or investments) and don't have a clear rational plan, volatility will probably have you entering at the wrong time, seeing a trade move against you and closing at a loss frequently. I think investing and trading are very similar and success at either is based on very similar premises. The most important is, you understand your positions and don't follow the views of others unless you understand them very clearly. The biggest difference in my view is 'timeframe' and my experience of reading these boards suggests that actually not many people have clear time frames in mind.
kaos3: Pro - first thank you for your contributions "ADVFN is mostly full of traders, who panic about short term price movements..." maybe not - we are happy and making use of it - panic is done by the others I - like 11percent have a core holding and I am like him doing marginal trading around it - at which point I would like to thank 11percent - to reconfirm my line of engaging (I mostly stopped posting when I sell and giving TA reasons - because fundamentally there is no wrong - long term investors get nervous and hostile for postings about predicting a share price fall based on the TA - not traders ) as you say - when the position is big enough (millions) one can not trade easily - and by the nature becomes a long term investor. Young or smaller position investor has a different situation - an active trading makes a huge difference in the end - if executed well ergo - I appreciate both of you all imho
mount teide: Well researched investors interested in where the valuation could potentially be in 2-3 years, may very likely consider the current valuation as a buying opportunity. In 25 years of investing, it seems that if there is one thing many investors lack more than anything else, it's patience. Not altogether surprising when the entire financial services industry is, to an extent, devoted to removing the idea of patience from the investor's mind. It wants 'investors' to trade....the more they trade, the more commissions 'investors' generate, which means more revenue for the brokers. There is an enormous amount of market research that shows a long-term mentality is required to be a successful investor. There is also a lot of evidence that shows detailed analysis/research is necessary to find the market's best opportunities. My friends and I mainly use a system of investing called Scuttlebutt investing. This essentially means finding out as much about a business as possible through in-depth research, and by speaking to the management, in order to identify any competitive advantage or undervaluation opportunity - in order to reduce the risk of an investment. This is an approach that generally requires considerable patience that cannot be distilled down into a simple valuation ratio. Patience is required not only at the initial research stage, but also throughout the holding period, where the research should be just as comprehensive in order to ensure the investment case continues to be maintained. It appears to me that on Advfn the most successful investors almost without exception adopt a long-term patient approach, while most 'investors' who are constantly looking for a quick way to make a lot of money, tend over time to be increasingly drawn to short term trading like mackerel to feathers. Its probably then no surprise that Wall Street and the City have always considered stock market retail 'investors'(traders) as sheep for the fleecing - the introduction of short term leveraged products like Spreadbetting and CFD's have simply brought an extra sophistication to the sheering process. AIMHO/DYOR
spangle93: hiddendepths 4 Apr '21 - 14:44 - 18380 Spangle - are you now sure that Chinook is not in fact gas at all? The second bullet in the RNS says "All three Herrera thrust sheets in Chinook-1 encountered light oil indicating the structure is predominantly oil charged". I know I've been guilty of believing that what was in previous RNS was true when in fact, it turned out not to be, but this seems pretty unequivocal. Otherwise I'm not sure about anything in this well. We've got one zone that is oil filled but which produced predominantly water on test. The middle zone, who knows, it wasn't discussed in either RNS. And the top zone has good drive energy but won't flow. Mr Baay's confessing to Katie, in a moving scene reminiscent of Frost vs Nixon, we wanted to share all results with investors, good or bad*, is somewhat ironic, given that as a collective, we can't find details of some of the zones, while for others the events and depths are ambivalent. Counter that with the clarity and depth of information of the tests in Cascadura-1. * = results, good or bad. Not investors, good or bad. It wasn't intended as a sort of "Santa Claus is coming to town" judgement on the morals and behaviour of investors o/t FAO ngms Good to see that you've not left ADVFN, but a shame that you've also given up against the relentlessly positive spin elsewhere
buffythebuffoon: I think many of you are wildly overestimating the reason why the vast majority who sold out have done so. Indeed, I think people overthink these situations. It was pretty much a no brainer for a very high percentage of people to have been able to sell out and buy back much lower. Even if you are highly confident this will multi-bag you might have sold out. Did you need to have a clue about the imputed change in value for Chinook to rightfully make that decision? No, of course not, because you didn’t have a clue how much Chinook was worth in the first place. Neither did Paul Baay or any of his geologists! As I may have mentioned, I am very interested in investor behaviour. I made a note some time ago to watch how certain posters’ posting frequency and demeanour changes, if at all, further to an event such as this. The significance of the event is led by the market reaction rather than the actual affect on the operations. The two rarely correlate to the same degree. The posters I made a note to watch are the ‘highly regarded’ posters and those that post frequently. Those who fall into both camps are of course particularly interesting. What I’d really like to know, but can never find out is how many highly successful investors read this board but never post. I know one, but there must be quite a number. It would be fascinating to hear from them. I was once approached by someone who I had been recommended to. He was writing a book about successful investors. A few of the the Motley Fool oil board posters were in it, as that’s where the guy, amongst other places, advertised for potential people. I elected not to take part, as I didn’t think I had a professional approach to my investing at that time. I know one of those who did take part is far less wealthy today. The topic of how we invest, our strategy for portfolio management and how we handle adverse events I’m sure is of of interest to all of us. I noticed the daily post count here had increased massively over the last few months, often an indicator that the share price has got ahead of itself. In fact, while waiting for these test results the daily post count increased, even though there really was nothing to say. Of course Pro bumped the count up quite a bit, but it wasn’t just him (or her...who knows?). What tends to follow is that good news never gets quite the response it did previously, and the bad news, well, I don’t really need to tell you. Have some quietly sold out? Are some getting ready to hover over the sell button when the next RNS hits? Why suddenly do all the development and exploration prospects which are still there suddenly appear to be less significant in the eyes of some. Is it the sense of being mislead by PB or maybe the feeling he doesn’t know what he is doing? All these questions made me think of the US TV comedy series ‘Soap’. It ran in the late seventies and early eighties. The announcer had a great name (although Jonathon Ross may disagree) Rod Roddy. His talk over at the start of each episode posed many unanswered, and in fact, unanswerable questions. It was a wonderful parody of soap operas. Very apt considering how I feel reading this and the LSE board recently. Buffy
gopbg: Perspective from this side of the pond. I think with the liberal political correct leader Trudeau and the bath O&G stocks took from the lack of support from Canadian Govt....... is why London is a better place to have a stock listing. It seems to me that there are more rational investors on your side of the pond. As I believe most investors do not do much due diligence I think Dividends is something management needs to work into their plan. Management has said they intend on working in a dividend element into future cash flows......... Can most management's IRR support reinvesting funds over paying a Div ....YES!!!! Thus Touch would grow faster if they did NOT pay dividend. Reality more trading volume will exist with stocks that have Dividends. Once Dividends are evident than US and Canadian trading volume will increase closer to the volumes on AIM. I think this little pod of investors in Denver which is likely 10% of the holdings reflects the power of word of mouth. Katie-bar-the-door when actual quarterly profits are reported in 1st QTR 2022. As Touch accelerates from sale of 100 mmscf/day to 200 mmscf/day in 2022, I think Management will add a Div. Higher trading volumes from US and Canada will add material pressure on moving share price higher.The US /Canadian greed factor.
pro_s2009: Thursday 14 January, 2021 Touchstone Explrtn. Proactive One2One Investor Forum RNS Number : 6244L Touchstone Exploration Inc. 14 January 2021 Touchstone Exploration Inc. ("Touchstone" or the "Company") Proactive One2One Investor Forum Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, will be presenting at the Proactive Investors One2One virtual investor forum today, 14 January 2021 at 18:00 GMT. The presentation, given by Paul Baay, CEO, will be followed by a virtual Q&A session. To register for the event please use the following link: . For further information, please contact: Touchstone Exploration Inc. Mr. Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487 Mr. Scott Budau, Chief Financial Officer Mr. James Shipka, Chief Operating Officer Camarco (Financial PR) Nick Hennis / Billy Clegg Tel: +44 (0) 203 781 8330
gopbg: The Hierarchy of Investing ; EXTREME DUE DILIGENCE; At the top of the pyramid are folks like us that take due diligence seriously and believe that knowledge is power. We have likely been some of the lucky ones and have also likely been exposed to some educational opportunities. All though book smarts is important, we also all have our stories of learning thru the school of hard knocks. Thus, we aren’t afraid of taking thoughtful/big risks. As John Wright always preaches .” O.K. to make mistakes just don’t make the same mistake twice” . In this category if we lose it will effect our life . Not to the point that we are homeless, but these are legacy changing amounts of money. CLOSE FRIENDS OF THE ONE DOING THE DUE DILIGENCE : These our our close friends, so likely they have similar business acumen to ours and we mostly see the world thru the same lens. These friends have money too and hold material positions in the investments we discuss.This class does contribute to the process of due diligence and generally offers some differing macro perspectives . FRIENDS -OF-FRIENDS: These Folks invest $10,000-$100,000. The amount they invest could be thrown in a trash can and would not effect their lives. They only invest along side what “Extreme Due Diligence” investors do because they follow success. These investors are investing money in hopes of multiple baggers . Not your CD bank investors.This class offers nothing to the due diligence process and is the first to call when stock goes down . INSTITUIONAL INVESTORS; The managers in these firms feather their own pockets with more money than most of their investors will ever see in life . They get 1-2% whether the asset appreciates or fails. They generally have a kicker once a 8-10% return is given to person who owns the money. This is the majority of the investment community .This is the base of the pyramid. When Touch’s “Wall of Cash “ shows up and the buying heard of institutional investors is evident it will be an eye opening experience for those of us that were here early on. ( I would exempt Milton from this category , those managers have some leadership wisdom . ) These mostly following Institutional managers build expectations for their customers in the 10-15% per annum range . When this investment class shows up in Touch , likely FY 2022 , I will begin to unwind a majority of my holdings.
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