Touchstone Exploration Share Discussion Threads

[davidblack] 07/9/2021 13:08

Stockport they have never been good at working out what was gas and what was liquids.

Coho predicted gas, found gas;
Cascadura predicted oil, found gas;
Chinook predicted gas, found oil;
Royston predicted gas, so hopefully find ??

Frankly oil might be more profitable? If there is volume.

[thebull8] 07/9/2021 12:48

The question is.... Will they use CAPS LOCK or not

[stockport loser] 07/9/2021 12:38

I disagree, the headline of the RNS is consistent by industry practise.Discovery, significant discovery, major discovery. If Royston delivers, given the seismic, it will be at least a significant discovery. Royston has always been gas, there is no Chinook about it. To me it will be about no issues on the drill and no damage to the well. Gas is clearly there.

[herman007] 07/9/2021 12:05

In case of a gas discovery, I believe TXP will show some constraint in their use of superlatives until the well has been tested and proven to be commercial.

[thebull8] 07/9/2021 12:02

I think any dip on unsuccessful results at Royston will be bought up quite quickly. I would expect a 20-25% drop in first couple hours then right back up as the short close. I have some funds ready for this scenario Fingers crossed they hit the jackpot and the shorts are buying at 150p. I'm quietly confident given the model has been proved at Coho and Cascadura and we know the gas is there from when Shell bypassed it

[11_percent] 07/9/2021 11:25

For Royston.....we need the flow test results....to be sure...

[78steve] 07/9/2021 11:12

If they announce major gas discovery for Royston i wonder how market will react after what happened with Chinook. On the other hand we know what the market will do if they announce Royston is a dry hole.

[stockport loser] 07/9/2021 10:22

A share price rise approaching TD would calm the nerves, not that I see downside from here whatever the news bar the usual short term volatility.

[davidblack] 07/9/2021 10:02

Pro yep I knocked off two days for the casing and also wrote off most of the first day in my head as you rarely hit the ground running on the first day.

Hence the over 7,000 feet estimate rather than higher.

Apparently the target starts around 9500 feet.

[bigalan3] 07/9/2021 09:32

How much further to drill? Thanks in anticipation.

[pro_s2009] 07/9/2021 09:25

Casing has to be run so they will not average 300ft a day.

Canaccord note suggests :

Coho on line late December.
Royston news end of September.

[davidblack] 07/9/2021 09:07

Day 26 at 300ft a day, this should be beyond 7,000 feet deep?

[rabblrouzr] 07/9/2021 02:32

THe Final point on Sharp's Canaccord posting via Stanley that is at least as interesting as the Note itself.....

Mr. Sharp concluded by hiking his price target on Touchstone to $2.80 from $2.55 and maintaining his "speculative buy" rating. As usual, the disclaimer at the bottom of the note was at least as interesting as the note itself.
The analyst's employer, Canaccord, is not only a provider of investment banking services for Touchstone, but also a "market maker or liquidity provider in [Touchstone's] securities."
BWDIK? Patience as Covid and weather impacts timelines?
GLTAL- GLAP
Cheers
Stanley

[pro_s2009] 07/9/2021 01:12

Thanks to Stanley. From the 3rd of Sept.

Canada Stockwatch Energy Summary for Sept. 3, 2021
2021-09-03 22:05 ET - Market Summary

by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery lost 70 cents to $69.29 on the New York Merc, while Brent for November lost 42 cents to $72.61 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.05 to WTI, down from a discount of $12.00. Natural gas for October added seven cents to $4.71. The TSX energy index lost a fraction to close at 126.22.



Slightly closer to home, Paul Baay's Trinidad-focused Touchstone Exploration Inc. (TXP) lost three cents to $1.37 on 237,700 shares.


The dip came in spite of a glowing analyst write-up. "Touchstone is set for a return to high-impact news," proclaimed Canaccord analyst Charlie Sharp in a research note this morning.

He noted that Touchstone spudded its most recent well on its Ortoire block, the Royston well, on Aug. 12 and will likely have results by the end of this month.

This should be "the most significant market catalyst" in the near term. Yet it will not be the only near-term news;

Mr. Sharp also expects Touchstone to finally achieve production at Ortoire -- from a different well, Coho -- "around the turn of the year." (Touchstone was originally aiming to put Coho on production in early 2020.)

Mr. Sharp concluded by hiking his price target on Touchstone to $2.80 from $2.55 and maintaining his "speculative buy" rating. As usual, the disclaimer at the bottom of the note was at least as interesting as the note itself.

[pro_s2009] 07/9/2021 01:12

Thanks to Stanley. From the 3rd of Sept.

Canada Stockwatch Energy Summary for Sept. 3, 2021
2021-09-03 22:05 ET - Market Summary

by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery lost 70 cents to $69.29 on the New York Merc, while Brent for November lost 42 cents to $72.61 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.05 to WTI, down from a discount of $12.00. Natural gas for October added seven cents to $4.71. The TSX energy index lost a fraction to close at 126.22.



Slightly closer to home, Paul Baay's Trinidad-focused Touchstone Exploration Inc. (TXP) lost three cents to $1.37 on 237,700 shares.


The dip came in spite of a glowing analyst write-up. "Touchstone is set for a return to high-impact news," proclaimed Canaccord analyst Charlie Sharp in a research note this morning.

He noted that Touchstone spudded its most recent well on its Ortoire block, the Royston well, on Aug. 12 and will likely have results by the end of this month.

This should be "the most significant market catalyst" in the near term. Yet it will not be the only near-term news;

Mr. Sharp also expects Touchstone to finally achieve production at Ortoire -- from a different well, Coho -- "around the turn of the year." (Touchstone was originally aiming to put Coho on production in early 2020.)

Mr. Sharp concluded by hiking his price target on Touchstone to $2.80 from $2.55 and maintaining his "speculative buy" rating. As usual, the disclaimer at the bottom of the note was at least as interesting as the note itself.

[davidblack] 06/9/2021 19:41

Inflation transfers wealth, from fixed capital to capital that leverages on it.

The income and cost aspect of it gets all the attention as that’s where the friction is but the real long term affect is to devalue state, personal and corporate loans and inflate assets. It’s an elegant burglar!

[thebull8] 06/9/2021 19:17

Inflation leads to increases in interest rates. Yields are positively correlated with interest rates while indexes tend to be negatively correlated with interest rates

[thebull8] 06/9/2021 19:15

Sorry but higher prices does not lead to higher profits. While some companies will benefit from inflation, other won't because costs associated with inflation (wages, raw material etc.) will increase faster than prices. Is Morrisons suddenly worth more because their revenue increase while profit margins go down? (The answer is no) I do agree FTSE looks undervalued especially given the amount of commodity companies with high weighting however it's undervalued valued in spite of inflation

[stockport loser] 06/9/2021 15:40

6th bbc 5tof h

[stockport loser] 06/9/2021 15:39

Or c, you don't know what you are talking about. Think about what inflation is, what creates the figure and what it impacts. Also it is more the anticipated inflation rate as it has a time lag of upto 6 months in certain sectors. Lastly look at the outcome of higher inflation to the macro, such as interest rates. It's also quite interesting what impact a additional 1% inflation growth has on national debt.

[chessman2] 06/9/2021 14:55

Thought I should mention that I'm extremely confident of a remarkable outcome here.

Off to the Atlantic Ocean for two weeks but will look in regularly as interesting news could be announced at any time this month.

Very exciting!!

[11_percent] 06/9/2021 14:40

Ok....this is where the rubber hits the road...its 6th Sept......we need NGC to start lying the COHO pipeline.

They cant miss this milestone.....

[davidblack] 06/9/2021 14:33

Labour day bank holiday in Canada today.

[thebull8] 06/9/2021 13:58

Are you saying the FTSE is undervalued because in hasn't accounted for inflation or because FTSE main components are commodity sectors? If it's A you are very wrong. If it's B then you have a point

[adon30] 06/9/2021 10:30

Hoping for some Twitter pics this week of the coho pipeline starting and the new rig #205 set up at WD-4 ready for spud.
T&T completely covered by cloud on last satellite pass. Was expecting it because of weather forecast. So can not see any progress on the ground.
Last Radar image of WD-4 pad does have some large bits of kit on it so expecting some time this week.