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
  0.25 0.96% 26.25 203,819 15:17:06
Bid Price Offer Price High Price Low Price Open Price
25.50 27.00 26.25 25.50 25.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.12 6.82 42
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:59 O 10,000 26.25 GBX

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Date Time Title Posts
25/1/202011:59Touchstone Exploration6,495
11/1/202014:01Touchstone Exploration 27
14/8/201809:08Touchstone Exploration (TXP) One to Watch -
10/10/201709:36Touchstone Exploration - 2014 - A new dawn891

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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 26p.
Touchstone Exploration Inc has a 4 week average price of 19p and a 12 week average price of 9.75p.
The 1 year high share price is 27.75p while the 1 year low share price is currently 9.75p.
There are currently 160,688,095 shares in issue and the average daily traded volume is 1,767,702 shares. The market capitalisation of Touchstone Exploration Inc is £42,180,624.94.
che7win: Reality returning to TXP share price, outperforming the market ?
mount teide: US Shale Industry - Investors and financiers stampede for the exit doors as negative cash flow quadruples across a basket of shale oil drillers compared to last year and access to capital is largely closed off for small and medium sized companies - speculative positioning from traders is now at its lowest level since March 2013 It was a rough week for the U.S. shale industry - Oil Price 'A series of earnings reports came out in recent days, and while some drillers beat expectations, there were some huge misses as well. Concho Resources, for instance, saw its share price tumble 22% when it disclosed several problems at once. Profits fell by 25% despite production increases. Concho conceded that it would slash spending and slow the pace of drilling in H2/2019. It also said that one of its projects where it tried to densely pack wells together, which it called “Dominator,221; the results were not as good as they had hoped. The project had 23 wells, but production disappointed. The “30 and 60 day production rates were consistent with our other projects in that area, but the performance has declined,” Leach said. So, the company will abandon the densely packed well strategy and move forward with wider spacing. In the second quarter the company had 26 rigs in operation, but that has since fallen to 18. At the start of the year, the company had 33 active rigs. “We made the decision to adjust our drilling and completion schedule in the second half of the year to slow down and not chase incremental production at the expense of capital discipline,” Concho’s CEO Tim Leach told analysts on an earnings call. He said the company’s aiming for “a free cash flow inflection in 2020.” The company reported a net loss of $792 million for the first six months of 2019. As Liam Denning put it in Bloomberg Opinion: “It’s sobering to think that Concho, valued at more than $23 billion in the spring of 2018 and having since absorbed the $7.6 billion purchase of RSP Permian Inc., now sports a market cap of less than $16 billion.” The reason these results are important is because they may not be one-off problems for individual companies, but are more likely indicative of the problems plaguing the whole sector. “There is little doubt this is a big event for the sector and a brake of this nature will create lasting impact,” Evercore analyst Stephen Richardson wrote in a note, referring to Concho’s poor results. “How companies still, after all the years we have wailed and gnashed our teeth, manage to over-promise and under-deliver, remains an infuriating mystery,” Paul Sankey wrote in a note for Mizuho Securities USA LLC. Whiting Petroleum had an even worse week. Its stock melted down on Thursday, falling by 38% after reporting a surprise quarterly loss that badly missed estimates. The company announced that it would cut its workforce by a third. According to the Wall Street Journal and Wood Mackenzie, a basket of 7 shale drillers posted a combined $1.58 billion in negative cash flow in the first quarter, four times worse than the same period a year earlier. While the results, in many cases, were bad, the declines in share prices were hugely amplified by the announcement of new tariffs on China, which caused a broad selloff not just in the energy sector, but for equities of all types. Here is a sampling of how the share prices of some oil companies fared on Thursday: Whiting Petroleum -38 percent Concho Resources -22 percent Pioneer Natural Resources -7.5 percent EOG Resources -5.5 percent Devon Energy -6.8 percent Continental Resources -7.8 percent Royal Dutch Shell -6.1 percent Chevron -2 percent SM Energy -9.0 percent But the poor quarterly performances were true before President Trump took to twitter. Even with oil down and stocks perhaps looking cheap, “it’s hard to call it a contrarian opportunity right now,” Matt Maley, chief market strategist at Miller Tabak, told CNBC. “This group has really been dead money most of this year.” Investors are clearly souring on the sector. As Bloomberg notes, speculative positioning from traders fell to the lowest level since March 2013, a sign of “investor apathy” towards crude oil and energy stocks. While shale E&Ps languish, the oil majors are not slowing down. Exxon said that its oil production rose by 7%, driven by the Permian. In fact, its production from the Permian rose 90% in the second quarter from a year earlier. Earnings dropped by 21%, however, and the company cited lower prices and poor downstream margins. But the majors aggressive bet on U.S. shale is a sign of the times. Small and medium drillers are getting hammered and seeing their access to capital close off, which is forcing budget cutbacks and otherwise leading to steep selloffs in their share prices. The majors, on the other hand, are only in the early stages of a multi-year bet on shale. They can stomach losses on individual shale projects for years, scaling up while they earn profits elsewhere. So, despite the widespread financial losses for the shale sector, it’s not clear that production is set to grind to a halt.'
captainfatcat: I wonder just who and where are all those acolytes and followers of MT reside that keep getting referred to? The posters here you can count on one hand and that's including myself you Ross and Mark! I am also a little confused on your last post are you suggesting the share price would be higher here if it wasn't for MT's posting? I thought team Trin were making a case for the upcoming drilling campaign being the reason given for shoring up the share price and why it was bucking the down trend of other T&T oilers. But now because of MT and his followers (hello is there anybody out there) your saying it should be higher and in the 20s? As the share price is only a few mill off of Cerps I think it pretty obvious the share price is not artificially high due to investors anticipation of the upcoming drills. Volume is pretty low also which doesn't lend any support to that theory..... You cant claim one reason the share price is up then claim another that its low. Funnily enough the latest post on the Trin bb is "Trinidad Oil Sector report out today from @finnCap highlighting the strength of investment opportunities in the region - says @Trinity_PLC #TRIN's onshore portfolio offers low-cost, low-risk and predictable exploitation opportunities, generating strong cash flow for reinvestment" Well you could knock me over with a feather is that not the exact same thing TXP is doing. Yes the very thing you and Mark have been so negative and critical about in your posts here?
rossannan: Mount Teide I have had very little to say on the TRIN BB about anything of late, other than calling you out for an offensive post. I have certainly not been calling TXP down - in the short term the market will do whatever it wants with the TXP share price and I am not going to attempt to second guess it. As far as I can see, the TXP share price is holding up relatively well. There are macro headwinds and production has gone south but TXP has a story involving a low risk drill in the next few weeks. AIM likes that kind of story. I certainly doubt that all the PIs who have bought into the story fully understand it - for example is clear that the idea of this drill nearly doubling production in boepd terms does not mean nearly doubling revenue (not even close), particularly when it could take 6 months to monetise the new well (something which Paul Baay has made clear but some PIs may not have picked up on). Also, you were talking on the TRIN BB about Paul Baay having the money for the first two Ortoire Wells. In the RNS for the TXP Q1 placing Paul Baay was crystal clear that that money was for the first Ortoire well. Do you honestly believe that, after a Q2 like the one that TXP is having, the second Ortoire well will not have its own dedicated placing? But while I can see that placing coming, I am not going to hazard a guess at the placing price. It is perfectly possible that it could be higher than the current share price. Timing is everything and Paul Baay is quite nimble. I think though that you will have to row back from saying that Paul Baay has the money for the first two Ortoire Wells. It is not, after all, what Paul Baay is saying. Otherwise you end up looking like someone who is simply talking their book rather than offering objective analysis.
ileeman: "Nothing I say is going to affect the TXP share price." Aint that the truth. Just find it funny you dont hold so you deramp and then as soon as you buy you ramp lol
rossannan: iLeemanNothing I say is going to affect the TXP share price. Imagining that what you say (or what anyone else says) on a BB has any real traction is not a healthy way of thinking about shares. Even the Pied Piper himself, Mount Teide, would have to concur.
rossannan: Hoping the TXP share price overtakes the TRIN share price and I can then switch my TXP into TRIN - #result
rossannan: I note that Mount Teide seems more interested in talking his JSE book than his TXP book these days. I guess that the TXP share price and production figures did not really cooperate. I hope he has better luck with JSE.Cave illos qui in libro dicere, as the Romans never said.
spangle93: Well, greed beat fear this morning, a wee top up though it would have been nice to have been around to catch the lower price last week. TXP must be the best risk/reward oiler around at the moment - even not taking into account the macro trends described by Mount Teide, nor potential black swan developments - the TXP share price is supported by production, - oil price is looking like there are at least as many factors pushing it up as down - there's continuing well program activity - there's high potential game changing drilling next year in Ortoire
grannyboy: What's happened to TXP share price rise mirroring TRIN's????...The MM's arn't following the plan and need to get up to speed!!!!..;)))
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