Touchstone Exploration Share Discussion Threads

[captainfatcat] 23/5/2018 13:19

MT I am guessing maybe we are still seeing some unwinding of placement shares from December.

[mount teide] 23/5/2018 13:07

L2 - a decent level of selling pressure being absorbed at 15p that often previously would have seen the bid drop back - suggests some position building may be going on.

[novicetrade68] 23/5/2018 13:05

15.75p already being paid.

[mount teide] 23/5/2018 09:56

The global shipping fleet which represents 5% of global oil consumption is currently the last outlet for low cost, high sulphur 'dirty' oil.

New International Maritime Organisation Rules(IMO) effective early 2020 require shipowners to comply with a seven fold reduction in the concentration of sulfur used in their engine fuels.

Although shipowners have a number of options regarding compliance, the least expensive over the short/medium term is the capex free route of switching over to low sulfur fuels such as gasoil.


The Regulations That Could Push Oil Up To $90 - OilPrice.com today




'The IEA says that by 2020, demand for gasoil will shoot up to 1.74 million b/d, an increase of over 1 mb/d relative to 2018. That will displace the heavy fuel oil that is currently widespread. The IEA says that high-sulfur fuel oil demand will crater from 3.2 mb/d in 2019 to just 1.3 mb/d in 2020.

“We foresee a scramble for middle distillates that will drive crack spreads higher and drag oil prices with it,” Morgan Stanley analysts said in a note.

The investment bank said that Brent crude prices could jump to $90 per barrel, aided by the IMO regulations and the rush to secure compliant fuel. “The last period of severe middle distillate tightness occurred in late-2007/early-2008 and arguably was the critical factor that drove up Brent prices in that period,” Morgan Stanley wrote.

Already, stocks of middle distillates have declined below the five-year average in Europe, the U.S. and Asia. “The additional gasoil needed in 2020 is likely to trigger a spike in diesel prices. In our forecast, we assume an increase of 20 percent to 30 percent in that year,” the IEA said.

The intriguing conclusion from this scenario is that U.S. shale can’t be the solution. The flood of oil coming from the Permian basin is light and sweet, which tends to be transformed into gasoline, and is not suited for the production of middle distillates. Medium and heavy blends are more preferable for the distillates needed for maritime fuels, but those barrels are being held off of the market right now by the OPEC cuts.

“We expect the crude oil market to remain under-supplied and inventories to continue to draw,” the bank said. “This will likely underpin prices.”

[costax1654x] 22/5/2018 20:02

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[fardels bear] 22/5/2018 19:56

Christ, that guy is everywhere

[costax1654x] 22/5/2018 19:55

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[novicetrade68] 22/5/2018 18:15

I say lol because as a MM must be laughing their head off with someone selling shares at 13.50p only to pass on for 16p each...

[novicetrade68] 22/5/2018 18:10

As expected, a delayed 200k sell at 13.50p now published. And a 704k buy at 16p too lol.

[grannyboy] 22/5/2018 15:07

TRIN starting to pull farther away from TXP, should be mirroring their movements by rights..

[novicetrade68] 21/5/2018 17:34

No not me would you believe, some big delayed buys showing but yet no 13.50p sells, surely there will be a few.

[grannyboy] 21/5/2018 16:43

So was the 'impatient money hater' you, novicetrade?

[novicetrade68] 21/5/2018 16:08

Very nice to buy at 13.85p, I can only surmise a delayed sell will show up later, 2 x 100k @ 13.50 or so, probably from an impatient money hater.

[captainfatcat] 21/5/2018 15:03

Its not taking much buying pressure to push upwards now that's cleared.


Tick Tock

[phowdo] 21/5/2018 14:49

Cleared that line of stock just under 14p by looks of it...

[grannyboy] 21/5/2018 13:14

All the trades over 13.85p are buys!!!..the volume trades giving the impression it's been all selling.

[captainfatcat] 21/5/2018 12:41

Added a few more to the pot

[sleveen] 21/5/2018 09:12

As others have said, 1700bopd for Q2 seems realistic and achievable IMV.

Given the uplift in POO and production that should generate perhaps CDN $3m cash.

[awise355] 21/5/2018 09:05

Fair bit of selling these past few days, hopefully this is the placing shares being cleared in time for the next hopefully bullish company update.

[grannyboy] 19/5/2018 09:49

I wouldn't exactly say these were a raging traders share!!.If the company Carry's on delivering then the share price will make good progress.

[sleveen] 19/5/2018 08:28

what a difference a year makes, 365 little days...

[mount teide] 18/5/2018 14:17

With 96% of short term equity traders losing money over the longer term - the welcome additional liquidity they bring is overwhelmingly at their own cost!