Touchstone Exploration Share Discussion Threads

[mount teide] 17/4/2019 10:05

Probably like most of the market, I am astonished at the very modest quality of the TRIN update today - the production guidance range for 2019 when considering the number of wells drilled in H2/2018 and scheduled for drilling this year is hugely disappointing(bordering on unfathomable), as it suggests a combination of an extremely high decline rate together with very modest average production from the new wells.

Moving 75% of my investment out of TRIN at an average of circa 16p last year and into mainly JSE at 35p/36p, has seen a 76% relative investment return against leaving it in TRIN. (Took the remaining 25% out in Q1/2019 - it went into mainly JSE and TXP).

After today's TRIN update, very pleased and relieved to have made the move, as I think the relative investment performance between the two will likely continue to increase well into three percentage figures during 2019.

[captainfatcat] 17/4/2019 09:35

ross interesting speculation/observation

[sleveen] 17/4/2019 08:46

Agree, not a great update for TRIN.

[captainfatcat] 17/4/2019 08:38

The early bird catches the work with the rising oil price and drilling just a few months away very few were buying at 12p when you could fill your boots a couple of weeks later now 15-16-17p has come everybody wants some! If you know its coming buy early and HOLD.ON.

Looking for the share price to move up into the high 20's at least maybe even 30's on the run up to drilling

[che7win] 17/4/2019 08:31

Poor update for TRIN holders, this is the exciting play

[homebrewruss] 17/4/2019 08:24

Yes, also surprised by the speed and timing however price has been a fair bit higher in Canada each day so we are playing catch-up.

[lord gnome] 17/4/2019 08:22

I can't fathom it either spangle93. It is being walked up on no volume. We are some way off any life-changing drilling news. Irrational exuberance rearing its head again, I fear. Not complaining, mind.

[spangle93] 17/4/2019 08:16

What is driving this rise???

Not complaining at all, just trying to figure why it's happening with no news and no apparent change from Feb when it was reluctant to rise above 12p

[spangle93] 17/4/2019 07:41

Got a lot of time for Art Berman, he's been the lone voice against the hoopla of the shale oil/gas extraction industry for the best part of a decade.

Limited relevance to TXP's oilfields, but since he's an adviser to PANR, maybe worth pasting over there?

[sleveen] 17/4/2019 07:33

Good interview with Art Berman on shale oil.

I imagine most on here will be familiar with the arguments, but still interesting nontheless.

[discodave4] 16/4/2019 22:25

Sorry wrong board

[tektonik] 16/4/2019 16:42

Agreed, unclear what's driving it but heading closer to an accurate valuation as things currently stand.

[lauders] 16/4/2019 16:15

Very nice strength here the last few trading days. Can it continue? Not certain what the next news due is but something must be up!

[awise355] 16/4/2019 08:29

Where this going? Feels like 18p plus

[eggchaser] 16/4/2019 08:24

Oh dear Dross - once again you got your exit and entry strategies mixed up! Or did you really have a position here in the first place?Charlatan best describes you!

[spangle93] 15/4/2019 23:53

CFC - you're lucky it's only a few :-(

[captainfatcat] 15/4/2019 16:33

rossannan that is certainly true and there are certainly a few times when in hindsight I wish I had locked in gains.

[captainfatcat] 15/4/2019 16:28

MT yes indeed longer term holding has been good to me. I normally only keep a core holding in a handful of stock doing a little trading around the edges when the opportunity arises.

[mount teide] 15/4/2019 15:50

cfc - indeed - a tried and tested formulae for equity market success - but somewhat bizarrely, deeply unfashionable today among much of the investment community.