Share Name Share Symbol Market Type Share ISIN Share Description
Touchstone Exploration Inc LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.41% 123.50 112,765 14:57:55
Bid Price Offer Price High Price Low Price Open Price
122.00 125.00 123.50 122.00 123.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.12 6.82 260
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:03 O 20,000 123.50 GBX

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Date Time Title Posts
21/10/202119:34Touchstone Exploration23,869
19/10/202102:27Touchstone Exploration - TXP - Charts and more...84
06/9/202115:40TXP - Further Exploration1
13/7/202121:12Touchstone Exploration 36
04/2/202123:33Interesting Article whilst waiting for testing-

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Touchstone Exploration Daily Update: Touchstone Exploration Inc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TXP. The last closing price for Touchstone Exploration was 123p.
Touchstone Exploration Inc has a 4 week average price of 83.50p and a 12 week average price of 77p.
The 1 year high share price is 178p while the 1 year low share price is currently 76.50p.
There are currently 210,731,727 shares in issue and the average daily traded volume is 216,846 shares. The market capitalisation of Touchstone Exploration Inc is £260,253,682.85.
pro_s2009: To me the chart screams "background buyer". Move the price up in the morning and then soak up all the sells in the afternoon. Normally the slightest bit of selling sees the TXP share price fall. Yesterday afternoon steams of selling, all those red lines......but the share price not only kept stable, it actually rose while people were selling. Someone is hoovering up all that stock. Would not be surprised to see North Energy ASA go through the next percentage holdings level soon, once they have the extra 2 million shares bagged.
captainfatcat: LG the trades would cancel themselves out would be exactly the outcome sought. The share price is depressed with help of a concert party. Any gains made after setting crest borrowing fees is profit. Other aims accomplished might be signalling to the market/investors the large stock on loan number and depressing investor sentiment. What other point is there of day after day week after week hitting the share price with big sells bang on open. It's just not how a sensible private investor or larger holder looking to maximize gains when liquidating would conduct their trading. Think of this trade as similar to a bed and breakfast ISA trade. Moving shares from one account to another but with the outcome of walking down the share price at minimal cost while retaining the full holding so no risk exposure in having to repurchase the 8 million on loan Crest shares in an open market as they are all sat in your other account. I'm not saying this is what's be happening only a possible explanation for someone looking to control the share price maybe ahead of making a bid for the company.
pro_s2009: TXP share price is currently artificially low, because of the large short on it. That will also correct itself in due course. PANR has done very well by getting the quite superb ramping on Reddit to get US punters involved. The share price rise has been excellent based on lots and lots of US buying. The main bulk of the 88E pumping crowd jumped into PANR and the net effect has been quite impressive. Run with the crowd but dont be the last to jump :) However, everyone is judged on results. PANR has an atrocious history of promising the earth and delivering failure after failure - with Texas and then Alkaid and now Talitha. A failure history so stunning it makes Chinook look like a good result. However, once the "crowd" gets pumping a stock it will rise regardless of its past failings. TXP is a different beast - it has proven reserves - it has production - it has more production coming online soon and in total, if you take in the over 220 exploration/development prospects TXP has - there probably is not much different in total prospective resources between them. That a lot of people are currently blind to that is also why currently TXP remains very cheap. Its also why I fear a hostile bid will come along soon from some hedge fund who will try to snap up TXP cheap and then go about marketing it to the big boys 12 months later down the line.
pro_s2009: Cormark upgrade TXP price target to 4 Canadian dollars. Touchstone Exploration (TSE:TXP) Given New C$4.00 Price Target at Cormark - Watch List News .
pro_s2009: Yep, and also now, of course, with TXP having their own rig to use, they can be slightly more aggressive in their future discussions with LOL without suffering from difficulties with access to a rig/costs of a rig. For example, if LOL did not meet all their license commitments very soon for Rio Claro, TXP could push the Ministry to either strip LOL of the license or "recommend" they form a JV with TXP to get work done on Rio Claro. The next 2 years will be intriguing, highly interesting and with very high levels of explosive share price action (including the Krakken).......just a few more months to be patient and wait and keep building up the TXP shareholding level while others sell in search of blue sky hit or miss opportunities. Which is what I am doing still, buying up the sells, building up the holding further - because they will ALL be back to be holding TXP for Krakken drilling, just hopefully they will paying around 300% more on the share price to get back in then.
mount teide: LNG Spot rates hit all time high of $43.47 mmBtu (equivalent to $202 Brent) 'With Chinese authorities reportedly ordering state energy enterprises to secure supply for the winter “at all costs,” ...which analysts say, will further drive up demand for natural gas and coal this winter'.........and almost certainly drive a demand switch to oil of up to one million bopd during the winter months...... .....Even at record spot LNG prices, China is set to buy more, as per the directive from authorities to ensure supply “at all costs” and avoid further blackouts and a looming slowdown in economic growth as factories close.' Asia Is Winning The Bidding War For Natural Gas Supply - OilPrice.com 'China and Asia are winning the bidding war for natural gas supplies as the northern hemisphere goes into the winter season with woefully low inventories and recovering demand after the pandemic. Just as natural gas prices surged to records in Europe and Asia, commodity-hungry China secured this week a major long-term liquefied natural gas (LNG) supply deal with top exporter Qatar. China is looking to secure additional volumes of long-term supply of gas while it is also bidding up LNG spot cargoes, together with wider Asia, leaving Europe with fewer spot supply and further exacerbating the European gas crisis. Chinese authorities are reportedly ordering state energy enterprises to secure supply for the winter “at all costs,” which, analysts say, will further drive up demand for natural gas and coal this winter. And as soon as January, China will have more LNG volumes available under a long-term 15-year deal with Qatar Petroleum. This week, Qatar Petroleum and a subsidiary of China National Offshore Oil Corporation (CNOOC) reached a long-term agreement under which Qatar will supply 3.5 million tons per year of LNG over a 15-year period starting January 2022. Since Qatar started exporting LNG to China, the Gulf nation gas delivered 715 LNG cargoes to China, of which 270 cargoes (more than 24 million tons of LNG) were delivered to CNOOC.? This week’s deal is the second major long-term LNG supply agreement between Qatar and a Chinese energy giant. In March, Qatar Petroleum signed a ten-year LNG supply deal with Chinese giant Sinopec. The Gulf country will supply China Petroleum & Chemical Corporation, or Sinopec, with 2 million tons per year of LNG, starting in January 2022. Despite the long-term deals with Qatar, China still needs a lot of LNG this winter as its economy recovers from the pandemic, and its energy emission targets have led to more gas use at the expense of coal. This year, very low gas inventory levels in Europe and low stockpiles in Asia after the unusually cold and long 2020/2021 winter—coupled with economies rebounding from COVID restrictions—are pushing gas demand high ahead of the heating season. Gas markets are tight all over the world, creating a ripple effect on the other energy commodities, coal, and crude oil. Europe’s natural gas and power prices surged again to fresh record highs on Thursday amid concerns about low supply and forecasts of lower than normal temperatures in the UK. The gas crisis in Europe is pushing Asian spot LNG prices up, but Asia is winning the bidding war so far because buyers prefer to ship LNG to Asia where the price of gas per million British thermal units is higher than the equivalent prices in Europe. “They have more purchasing power now,” an LNG broker told the Financial Times, referring to LNG buyers in Asia. “Europe has pipeline supplies and China and Japan don’t have alternatives,” the broker added. “Significant growth in gas demand post-COVID-19 in both North Asia and Europe has created competition for LNG cargoes, particularly from the US and Qatar, pushing up gas spot prices to record levels for this time of the year,” Australia-based energy advisory firm EnergyQuest said in a note on Thursday. Spot prices of LNG in Asia have just surpassed not only the records for this time of the year but the all-time high from last January. On Thursday, Asian spot LNG prices jumped to the highest on record, at $34.47 per million British thermal units (mmBtu), as assessed by S&P Global Platts. Thursday’s price broke the $32.50/mmBtu record from January 2021. According to Citigroup, LNG prices could spike to as high as $100/MMBtu if particularly frigid winter weather combines with the tight markets that have sent natural gas prices surging. “Strong demand and a lack of supply response have sharply tightened the market. Any surprise demand surge or supply disruptions could propel price further upward,” the investment bank said in a note last week. Even at record spot LNG prices, China is set to buy more, as per the directive from authorities to ensure supply “at all costs” and avoid further blackouts and a looming slowdown in economic growth as factories close. The Chinese order for securing supply “suggests that already very elevated LNG and thermal coal prices could be further bid up by Chinese buying,” ING strategists Warren Patterson and Wenyu Yao said on Friday. “If we do see strong Chinese buying, it will put further pressure on the European natural gas market,” they noted. '
buffythebuffoon: “It would be reckless and irresponsible for the board of directors to dilute shareholder value now (when they dont have to) and not just wait until May 22 when Cascadura will be online pumping cash.” I think most rational investors would agree with that. Regarding the large short (I’m treating the big 9 number like Voldemort - it’s now That Which Must Not Be Named), a friend who I am playing golf with next week agrees with my theory about it being a hedge. When I put forward a scenario as to how this would work, he actually told me I must be going senile, as he recalled how he did that about 16-17 years ago with Soco at my suggestion. That must be why the idea was in my head… You hold a large position in a company. They are about to drill a significant well which you think will likely have a large share price reaction either way. You could lighten the load, but would it not be better to put a short on? Let’s assume you think it will be a success. You hold 2,000,000 shares. You can sell 500,000 (let’s use that figure…) but that would hit the price. Instead you short 500,000 against your holding. Regarding the 500,000 shares, if the drill succeeds or fails and the price jumps or plummets, you’ve hardly made or lost anything, as you use the shares you covered the short with, and have just the spread and dealing cost maybe. If you’d sold out prior to the deal you also have lost nothing. In both instances you could buy at the newer lower price or wait if the price drops further. If the drill was a success, you’d have lost out by selling the 500,000 before the result. One scenario loses next to nothing, the other ‘loses’ a lot more. This strategy is predicated on the fact the share price will be a lot higher at some point in the future (in an acceptable time period to the investor of course). The drill was in fact successful, and he managed to close the short, and actually topped up very early, so did very well out of the deal. I do have a niggling feeling I may be missing something. Hbr, am I talking nonsense? Buffy
buffythebuffoon: Before posters had heard of Pro_S2009 which is when he joined ADVFN, and even before Proselenes, which I’m pretty sure he was in a previous (my spellchecker offered ‘devious’;!) BB life, people weren’t able to gets prices on a second by second basis, and people couldn’t air their views so frequently; certainly not publicly anyway. It’s paradoxical that each subsequent generation is less educated than the one before, despite access to information being increasingly easier and more comprehensive. What Pro provides is a tremendous amount of detail (ok, lots of it is rehashed). He works very hard, and deserves every financial reward coming his way. He is clearly a net positive for the board, but sometimes there is too much wood in the forest, and you can’t see what’s ahead. The secret, as Buffett has reiterated for decades, is to invest in shares where there is a great margin of error. In my view, TXP is such a share. We can talk as much as we like about what the share price ‘should’ be, but that’s nonsense. The share price is what the market forces make it to be. This is great news, as it gives the discerning investor opportunities that wouldn’t be there in a perfect marketplace. Don’t believe the nonsense that the market is always efficient. It’s mostly efficient, and that’s an important difference. It always quotes the right price, but it doesn’t always reflect the ‘value’ that a buyer would ascribe to a company. Of course, this brings up another point. A buyer wants value when it buys another company. I always apply a 50% discount to the perceived NPV, which itself is a bit tenuous, but you have to start somewhere. The prospect bank and what we have proven so far, with the easily discernible cashflows to come, mean that anyone investing at the prevailing share price will do well if they buy, sit back and wait. As Buffett implies, you don’t need to sweat over spreadsheets to see if you should invest. It should be absolutely clear without any level of precision in valuation. Many people do like to read the detail, some again and again. Pro is your man. This is not a dig at Pro; I’ve come to quite like him, and respect his zeal. Hopefully he makes many millions, as I will too. Hopefully I’ll keep it this time. Buffy
pro_s2009: sunbed44, in case you were not aware. Someone has put a 9 million share short on TXP which smashed the share price down. Stockmarkets are about supply and demand. If supply exceeds demand then share prices fall..........and shorting and making excess stock available is about increasing supply so the share price falls down. I wonder if Buffy knows there is a 9 million short on TXP ?
gopbg: As many Financial advisors would tell their clients ....If we can find companies that have a 15% IRR we are hitting it out of the park .....Thus, I agree with the sentiment here that most analysts pick a share price that reflects 15-30% appreciation over current share price and then adjust their reports to support that number. Once that share price is achieved they will again put their next share price forecast up another 15-30% .....I am telling my friends that $7-8.00 /share is likely in the next 24-30 months (assuming Royston Test results confirm reserves.) It appears to me that in a 2-3 year time frame at least 2 TCF will be reflected in 2P10% NPV reserves on just Cascadura and Royston. The recognition of 2 TCF of gas will require development wells producing cash in each of these formations. On the wild upside, if reserves are in Kraken then the numbers get crazy.
Touchstone Exploration share price data is direct from the London Stock Exchange
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