Touchstone Exploration Share Discussion Threads

[shrewdmole] 29/10/2017 09:50

Mt

You forgot to mention the upcoming tax reforms as another positive here.

S

[wheniamfree] 28/10/2017 16:20

Given that the current flows are adequate to service the debt when it falls due (as per the webinar which you have clearly yet to watch ross) that means anything on top is likely to be a bonus.

In regards your decline rates, look at the historic figures of the wells and their longevity even if the deeper zones fall off quickly as you seem to be hung up about the upper zones are proven, as such a recompletion will put the well back on long term and the company will review going forward.

Keep trying

[mount teide] 28/10/2017 09:10

Energy Sector - the new rising tide?

Even the Wall Street investment banks are now joining the party! First Goldman Sachs now Morgan Stanley:

Morgan Stanley: Oil Stocks Are Very Interesting Now

'The oil industry is a pretty interesting sector now as it has lagged year to date, it’s under-owned, and has much better value historically, Andrew Sheets, chief cross asset strategist at Morgan Stanley, told CNBC on Friday, joining the growing chorus of other analysts who have recently turned bullish on European and U.S. oil stocks.

The oil sector has lagged the move in oil prices which have been creeping higher and now sit higher than a year ago, Sheets said.

The industry is also interesting because now it is in a very different part of the cycle compared to the very aggressive capital spending when oil prices were $100 per barrel. Now spending is being rolled back and efficiencies have been found, according to Morgan Stanley’s strategist.

Morgan Stanley upgraded the oil sector in Europe to “overweight221; a couple of weeks ago, and the bank is also “overweight221; on the sector in the U.S., Sheets noted.

“We do think it’s a very interesting sector that is both under-owned and historically much better valued than a lot of other sectors,” the strategist told CNBC.

There is a kind of difficult window for oil prices in the first quarter next year, when new projects and supply is due to come to the market, but demand growth this year has been “incredibly strong.” Morgan Stanley’s current assumption is that the strength in global demand will be enough to offset some of the supply coming online and ultimately, lend some kind of support to oil prices, Sheets said.

Morgan Stanley is joining Goldman Sachs in its view on oil stocks. Earlier this month, Goldman said that shares in oil companies had underperformed the recent oil price rally, so some of those stocks were set to rise in a long-term oil price of $50-55. Goldman Sachs has also recently turned bullish on European majors and on Big Oil’s competitive positioning.

As early as in August, analysts were saying that the oil sector globally is an attractive play for investors right now, with “great value in supermajor oil companies.” '

[bad gateway] 28/10/2017 08:51

Well whoever it is roseanne I hope they do a better job than you.
I had to sell a few of these friday and thought what with them being overbought and you multiposting negativity I'd have a fair chance of getting in cheaper and what do I get?
Back to flat eod with you dribbling on about imaginary high decline rates and $60 oil!!
Not happy rose not happy at all and must do better will be going on your report card this week.

[che7win] 27/10/2017 21:02

MT,
I like your last post, some wee gems in there for me to research - I have had a look at a couple of those.

Brent above $60, no-one predicted that - straight to bottom line - oil looks undervalued to me, the place to be.

[lptuf93] 27/10/2017 20:45

Rossannan please please please watch the video so you can stop wasting your own (and our!!!) time. He clearly says the loan isn't an issue until 2019 when it needs to be serviced, with a portion of money already set aside to help cover it.

If you are deramping, your argument is falling apart. Complete shambles.

[mount teide] 27/10/2017 20:15

Considering the Caribbean is experiencing one of the most active hurricane seasons on record, which saw T&T sustain one direct hit and close brushes with a number of other incredibly destructive Hurricanes, it is not altogether surprising there has been a little slippage.

No one is suggesting its a slam dunk - but its much easier too swim with the tide than against it - a rising tide(increasing POO) lifts all boats regardless of age and condition.

The mobile ad tech industry which is still in its infancy, accelerating and forecast to continue delivering 20%+ growth for the next 3-5 years, currently has a Cat 5 Hurricane behind it - almost every company in the sector is up but, canny stock selection has seen some companies like TAPTICA (TAP) generate 450% share price growth over the last 2 years and yet still look cheap on fundamentals considering the growth achieved, as a result of being in the right sector at the right time with the right product. Selective stock picking in sectors likely to experience a 'rising tide' increases both the downside protection and the potential for spectacular upside.

The shipping industry for instance is also in the very early stages of recovery following the most brutal recession(8 years) in living memory, which saw the Baltic Dry Index(rate ships are chartered out at) crash an astonishing 98% peak to trough. Many investors today will look at the BDI and think because it has gone up over 400% in a little over a year they have missed the boat - if past shipping cycles are a reliable guide, they could not be more wrong, since the BDI today is still in the foothills at just at 13% of its previous peak.

I see TXP as being in the right sector(energy - in the early stages of recovery) at the right time(rising oil price environment following a brutal 5 year recession that saw the POO drop circa 80% peak to trough), with the right product(significantly undervalued assets compared to its peers in a rising valuation market, into which it is likely to rapidly increase production over the next 18 months.

AIMHO/DYOR

[wheniamfree] 27/10/2017 20:15

Lol the debt that isn’t serviceable until 2019 and has a portion of cash already sidelined to cover you mean?

Not for you then ross? Don’t waste your weekend talking about it, go and enjoy life

[mount teide] 27/10/2017 18:22

Ross - many here are long term value investors - who are more interested in where the production and valuation is going to be in 18 months time.

Short term predictions like short term trading is a mugs game - its why 96% of short term equity traders lose money over the longer term. And lots of it.

With a cash flow positive circa 1,500 bopd of current production, highly impressive Paul Baay at the helm, a self funding 20 development well and 24 well-workover programme for 2018, funded exploration upside with huge potential, a rising oil price environment and a frankly ludicrous £16m market cap - the circumstances are coming together, where the sector headwinds of the last 3 years have now been replaced by a gentle tail wind, that has the potential to increase significantly over the next 12-18 months, and deliver many multiples of the current valuation to shareholders.

Brent now up to $60.35 - a near three year high.


AIMHO/DYOR

[wheniamfree] 27/10/2017 18:09

Don’t waste your time replying guys he will just eat up the BB which is his intention. Best method for this is just to ignore, you’ll only go round and round in circles

[woodpeckers] 27/10/2017 17:56

That depends what you mean by jam tomorrow. I'm hoping that there will be plenty of that but the company is already profit making so I really don't understand your concern.

Time for a glass of wine.... Here's to another good week to come, cheers.

[woodpeckers] 27/10/2017 17:40

ross, you appear to be a very short term thinker, why the preoccupation with this quarters figures? I am looker much further ahead.

Paul Baay states on the presentation that current production is c 1500barrels a day so you can calculate the year end prediction quite easily.

Hope that helps.

[wheniamfree] 27/10/2017 16:51

Ross your a deramper through and through, go and watch the presentation or bore off instead of inundating us with your theories. If you had an ounce of sense about you you’d have realised that your sale price was extremely cheap regardless of your concerns.

I’ve met your type before on BBs try to take over with boring comments and pointless debate with zero research. The company has 4 wells to drill in next program, two of which should certainly be this year. I’m not going to add anymore, watch the presentation and take a position before this moves swiftly north or stop wasting everyone’s time.

[che7win] 27/10/2017 16:25

3000 bopd...for end of 2018, Brent $80, TXP share growth multiples of current price.

[che7win] 27/10/2017 15:38

What would $72 oil do in a couple of months:

[che7win] 27/10/2017 15:35

Oil rocketing today.

[che7win] 27/10/2017 15:05

They have money ringfenced for that, all in the presentation.

It seems that you are inflicted with confirmation bias, dreadful condition, hopefully it doesn't hurt too much.
I can testify to how debilitating that can be, always on the look out for it myself.

The market cap here (not only prospects but also cash) is too low, maybe it's the rise has got you? Its a rise that is deserved as it listed too low imho, it didn't put me off.

As someone said when buying houses in the 1970's in the UK, its only dear the day you buy it. Same applies to TXP below 30p IMHO.