Touchstone Exploration Share Discussion Threads

[dunderheed] 27/6/2021 10:50

LG how old are you if you dont mind me asking?!

[lord gnome] 27/6/2021 10:13

Hello HD. I didn't quite make it to the magic million, but I did forget to sell as I always wanted to make it to seven figures. Coulda woulda shoulda I suppose! I still have confidence that TXP will finish up at many multiples of the current share price - but I may not be here to enjoy it. Damn and blast.

[hiddendepths] 27/6/2021 06:59

I'm pretty sure I was an earlier ISA millionaire than Luke, also mainly in oil and gas. I bet I was earlier than him in losing 90% of it too! It's been a hell of a rollercoaster ride for me in the quarter of a century I've been investing for a living!

[eyeore2] 26/6/2021 23:23

For those of you unfamiliar with the book 'Free Capital', I would recommend the book and particularly the chapter on 'Luke' who became one of the UK's first ISA millionaires by investing in Oil & Gas. There are many memorable quotes in the book but he remarks “I am perhaps too prone to the status quo effect: as a long-term investor, when I feel I have superior knowledge about a share’s long-term prospects, I find it difficult to sell even when I also expect a short-term fall. I hold the long-term view with greater confidence than the short-term one.”

If you lack confidence in a stock's short term price, Luke is suggesting the question you should be asking is how confident are you of a higher price in 12/24/36/60 months? Ultimately, nobody knows how a stock price will perform over any time frame despite claims to the contrary.

And for those who prefer to follow the unjustified predictions of strangers and machines, I recommend:

hxxps://walletinvestor.com/lse-stock-forecast/txp-stock-prediction

The forecast chart is spectacular though £5.05582 in 2026 might prove a disappointment to many.... I would suggest you avoid anchoring/manipulation and ignore both...

[ifthecapfits] 26/6/2021 19:27

Quite. No doubt trying to manipulate for their own agenda. Good luck with that.

[thebull8] 26/6/2021 18:33

You can literally Google relative strength index and this is what comes up...The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.You are either an idiot (very likely) or a liar trying to manipulate people (also likely)

[11_percent] 26/6/2021 18:20

Folks,

RSI of 33 indicates the share is approaching overbought territory........which is why we saw a rise on Friday.

The scammmers who are running the shorts know this and consolidate for a while......then its lower.

The rampers will tell you that news could land any minute.
Its only “jam tomorrow” news........the type that says “we intend to do something in the future”.

Coho tie-in news wont cut it........when they issue the RNS saying that Coho is tied-in and gas is being sold....then, the share price will react. The market is telling us that the company has to DELIVER......NOT TALK.

The next predictable new of note is the Royston well result.......months away.

Meanwhile........the gap at 57p beckons.

[11_percent] 26/6/2021 18:08

And.....you Sir...are a complete ramper....nothing less.

[thebull8] 26/6/2021 16:15

RSI is 33......so, look for a consolidation arround 80p.....before the fall resumes....Not sure why you note the RSI will result in further falls. A RSI of below 30 indicates stock has been oversold while an RSI of over70 indicates stock is overbought. The S&P500 RSI has hovered around 60-70 for the past few months yet has continued pumping higher. History suggests it will quickly bounce from RSI around this level before hitting resistance when it becomes overbought on RSI (probably around the previous level of 115p) You are a clown who tries to pretend he is clever when you really have no clue

[11_percent] 26/6/2021 13:20

Looks like we have a battle over 80p.

We got a bounce Friday....first + day in a while.....so, could be said that it was due......but on lower vol than the previous 6 days.

RSI is 33......so, look for a consolidation arround 80p.....before the fall resumes....

[thebull8] 25/6/2021 18:10

So the U.S set a record for lowest rate for junk rated coupon today - 2.45%!!! If investors are happy with 2.45% return on junk bonds then surely they cannot value O&G producers/explorers at NPV10. Even NPV 5 seems extreme these days

[buffythebuffoon] 25/6/2021 14:49

How many shoulders are there?

“ To be honest che7win none of us know where the bottom of the chart is here. We're close to completing the first head and shoulders but if it doesn't bounce soon it may go to the lower shoulder.”

If it has a lower shoulder it will be due to a short leg.

Buffy

[hiddendepths] 25/6/2021 14:24

Looks like it's bottomed to me. Added a few yesterday. Dithering about getting more this afternoon or waiting for confirmation it's turned.

When the shorts start to close, if it's coupled with more positive operational news as seems very likely, the shares could rebound pretty sharply.

This is a good company with high quality and undervalued assets even if it's gone through a rather disappointing phase. That just makes it even better value for the patient holders, of whom there are quite a few.

[rabblrouzr] 25/6/2021 14:21

che...like the "accentuate the positive" message

[che7win] 25/6/2021 13:47

Spawny,
None of us know where the top of the chart is either. We’re close to completing the head and shoulders on the chart. If it doesn’t fall soon, it may go to the higher shoulder at 150p. Of course, there is the potential for a number of negative bits of news to come in the meantime though. Bottom fishing could be catching a falling knife.

[1corpse] 25/6/2021 13:40

Probably drilling and waiting for the results. Like every thing in life it goes up and down and probably on a down.

[davidblack] 25/6/2021 13:22

He is buying lumps of it apparently for his retirement.

[spawny100] 25/6/2021 13:07

To be honest che7win none of us know where the bottom of the chart is here. We're close to completing the first head and shoulders but if it doesn't bounce soon it may go to the lower shoulder circa 50p. Of course there is potential for a number of positive bits of news to come in in the meantime though. Bottom fishing here might prove lucrative.

[che7win] 25/6/2021 12:56

Plus TXP is at bottom of chart and will 1 bag on a sniff of positivity versus Kist near top of chart.

[che7win] 25/6/2021 12:42

KIST...do you want to double there in 18months or 10 bag here?More upside here, with operations in a country support O&G versus North Sea where development is being shunned, whether it's Norway, UK, Denmark.....No political risk here

[kfr20] 25/6/2021 12:34

Any thoughts on KIST anyone? Sorry for off topic. Considering either a top up here or a new position in KIST (I did okay with RockRose Energy, so quite keen to follow A Austin). Cheers.

[ballymoss18] 25/6/2021 12:24

So Max, what would you call a fair price here? What do you value legacy oil fields at? Coho? Casc? any value for Chinnook or is it in for free? Do you rate the chances of Royston, is the 700 feet show from Shell many years ago, a possible 1tcf thrown in for free? The 21 other prospects Kraken etc in for free too. Curious to your thoughts.

[1corpse] 25/6/2021 12:09

So what do the moaners want out of this share.