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
  -7.00 -4.05% 166.00 1,164,412 15:52:56
Bid Price Offer Price High Price Low Price Open Price
165.00 167.00 172.00 164.00 172.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.12 6.82 346
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:44 O 77,320 165.677 GBX

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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 173p.
Touchstone Exploration Inc has a 4 week average price of 117.50p and a 12 week average price of 96.50p.
The 1 year high share price is 173.50p while the 1 year low share price is currently 19p.
There are currently 208,699,627 shares in issue and the average daily traded volume is 666,252 shares. The market capitalisation of Touchstone Exploration Inc is £346,441,380.82.
davidblack: There appears to be a conceptual market split emerging: Oil companies, are the past, dirty, irresponsible and morally indefensible. Gas companies, are the future for a decade or two, as clean as we can afford, complementary to “Purer Green” technologies, accessible now & globally and leading the way to exit the worst of the heavy hydrocarbons such as coal, shale oil, tar sands, heavy oil and oil generally from questionable places. The argument is self serving and too simplistic but it does have key elements of being valid, so absolutely perfect for simplistic but practical ESG Green believers and for fund managers looking to repackage/repaint their existing offerings as “Always having been reasonable green” and will be more so in the future pitch. Anyway this logic set has now arrived and TXP share prices may well benefit from a strong institutional increase in demand. TXP is for those funds as they look to move away from oil but very much still like gas as it’s understandable and stacks up as an investment without which they loose their mandate. Just a little end of the week thought. It’s been an interesting week that turned into a needed consolidation phase as Canada lost its will to go higher after the previous jump in post New Year week. With testing starting on the 1st of February expectations will start to rebuild from Monday?
che7win: The price of liquefied natural gas (LNG) in Asia fell to record lows in late spring last year as coronavirus went global. That's not a surprise, given the demand slump; the price of oil went negative at the same time, after all. However now, less than a year later, the price of LNG shipped to China, Japan and South Korea (the three biggest LNG importers in the world) has leapt 15-fold, to all-time highs.According to a report in The Wall Street Journal, the price of LNG in Asia (as measured by S&P Global Platts) "has shot up by 87% so far in 2021". In other words, prices have almost doubled since the start of the year alone. Like I said – even better than Tesla or bitcoin. So what's going on?On the demand side, northeast Asia is having a worse winter than usual. Temperatures in Beijing hit their lowest point since 1966 last week, apparently. So demand for natural gas to burn for electricity to heat workplaces and homes is up.On the supply side, the problem is not the LNG itself – the world is not short of LNG. The problem is getting it from where it is to where it's needed. Hence the regional pricing (the price for US natural gas is currently up about 20% on this time last year - and has been falling for the past three months).As you can imagine, LNG is a pretty tricky thing to transport; you need specialised ships to move it across the globe, and specialised ports to handle it. Now, the nice thing about markets is that they incentivise the best use of these ships. With the price soaring in Asia, exporters are going as fast as they can to get the stuff over there to profit from the leap in prices.However, there's a snag. In effect, there's a traffic jam in the Panama Canal. A "seasonal backlog of container ships" is holding things up. That queue has been "aggravated by the strong demand for consumer goods during the pandemic". That means the LNG ships either have to wait in line or take the long way round.Either way, it means two things. Firstly, LNG can't get to Asia fast enough to accommodate demand. That's driving up prices of both LNG in the region, and the price of its knock-on products, such as wholesale electricity. Japan in particular is struggling with record-high electricity prices, as its nuclear power industry is still a shadow of its pre-Fukushima self.Secondly, it means that prices for LNG tankers are shooting up too. Again, according to the WSJ, the daily rate for chartering an LNG carrier to head from the US to Japan and back, has shot up from about $190,000 a day at the end of 2020, to over $320,000 a day by the end of last week.
lazarus2010: until we get Cascadura and Chinook test results, all the price movements are just noise! It's just different investors moving in and out of stocks, Canada tax management, end of year shuffling by Insti's. Once we get results the share price will start to reflect the underlying assets more and more. Any discount to NAV should start to close as we get nearer to actual production. Short term delays in progress may lead to short term drops in the share price but at the end of the year or when the gas starts to flow we will be rated as an E&P company with a true value for production and revenues and the rest for the potential of undrilled assets.
thommie: Dunder, I dont think it's likely that the recent share price rise is caused by leaks of flow testing results so I dont think it is the reason for a bit of breathe on friday. read Pro's posts about it. I have the same opinion. the reason seems to be, that someone big wants to buy many shares over the mm. they try to get it ofc as cheap as possible, thats why, it was just an orchestrated rise day by day by playing with the bid ask as usual manipulation is done. if a leak occured we wouldnt have had this slow steady rise with constant absorbing of all sells. it would have gone rocketing through the roof in 1 day because the one that knew sth would have wanted to buy as many as possible no matter what the share price was instantly as he knew it would rise from whatever price He will get.
thommie: the differences between tesla and txp besides charts are big for me btw. tesla share price so overvalued on pure speculation on future profits, while they are already being overtaken by Audi and VW in the last quarter in case of sold electric cars in many countrys. while txp ist ein still super undervalued with a clear path to exceptional value in the next years!
mount teide: Spot LNG pricing in SE Asia hit an all-time record today reaching a stratospheric $24 MMBtu (MMcf) (Equivalent to $151/bbl Brent), jumping over 10 fold since hitting a record low during the Covid peak in April. Japan's Jera bought a cargo on 6 January for delivery either in the second-half January or first-half February at $24 MMBtu, Further gains are expected in the near term. Some traders suggest that first-half February pricing could easily test the $30 MMBtu level, especially as Japan's power prices have soared on stronger-than-expected electricity demand for heating purposes because of colder-than-expected weather. Wholesale electricity prices in Japan hit an all-time high of ¥99.9/kWh on 7 January, more than seven times the average price of ¥13.93/kWh in December. A 'perfect storm' of strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability has combined to send northeast Asian spot LNG prices to record levels, just nine months after hitting record lows. This should raise an eyebrow at the Energy Ministry in T&T, currently negotiating with Touchstone for the supply of Nat Gas from Jadestone's Ortoire nat gas assets under a long term deal. $2.50 MMcf is an absolute steal by comparison! LNG prices hit record as cargo shortage amplifies cold weather effect - FT 'Liquefied natural gas prices have jumped to their highest level on record as a severe cold snap in Asia boosts demand at a time when cargoes of the super-chilled fuel are hard to come by. Spot prices in Asia reached a record level of $20.705 MMBtu (Since beaten by other cargoes up to $24 MMBtu) on Thursday, according to an assessment of daily trading by S&P Global Platts, as traders and buyers in South Korea, Japan and China scrambled to secure supplies. That is more than a fourfold increase on where prices were trading in September. The market is generally stronger in winter as demand rises, but the size of the leap has still caught out some market participants. “What has triggered the rally is colder than normal weather in Asia and Europe and a complete lack of availability of LNG tankers while supply outages have really tightened up the market,” said Samer ;Mosis at S&P Global Platts. An unusually large number of cargoes have been heading to Asia from the US, tightening the availability of LNG tankers. Delays at the Panama Canal have also added at least two weeks to the round trip from the US Gulf Coast, while supplies from Qatar and Malaysia have been lower. Electricity and heating demand in Japan, one of the world’s largest importers of LNG, is even higher than during a normal cold spell because of a campaign to open windows to help combat spreading coronavirus indoors. “These spot prices may not last beyond March,” Mr Mosis added. “But it’s been a reminder that securing an additional spot cargo in the dead of winter can quickly become very expensive and is not always straightforward, especially if freight is not available.” LNG is one of the world’s fastest growing fuel sources as large Asian economies see it as a route to cutting their reliance on more highly polluting coal at a time when climate change has risen up the political agenda. South Korea’s state-run utility Kogas said that while it buys 70 per cent of its LNG supply through long-term contracts it needs to access the remainder in the spot market regardless of price. “We still have enough inventories. But demand for LNG is bound to increase further, given the government policy to reduce coal power,” Kogas said. “If we face supply shortages due to the cold winter, we will have to buy more on the spot market to match demand, even if prices are high.” The rally in prices has provided some short-term relief for US LNG suppliers. But the market is still forecast to be in surplus around the middle of this decade as LNG projects commissioned before the pandemic come on stream. Traders said growing demand and the recovery from the coronavirus pandemic meant prices are expected to average higher in the next two to four years until those projects start up. For the UK high prices will add to pressures in the country’s energy system, which relied on LNG imports to meet more than a quarter of gas supplies last winter, at a time when excess supplies were being dumped into Europe where there is plentiful import and storage capacity.'
captainfatcat: Spawny the rise in the share price into close saw me pass the £2Mill mark in my ISA. I'm not planning on selling a single share anytime soon. Patience is key TXP has all the ingredients to reach a billion dollar market capitalisation given a little time. The more TXP grow the greater the interest will be from the index tracker and pension funds. A couple of TCF in the bag with 10-15+ years revenue will start looking very attractive to them soon enough. Once the wall of cash arrives and eliminating any funding uncertainty I wouldn't be surprised to see a move from Aim to the main index in London.
pro_s2009: I think 2021 will be a "stairway to heaven" for the TXP share price. Step by step onwards and upwards to 300p by year end as a minimum imo. Not a straight line but step by step with necessary consolidation as the profits tempt some to sell while others gladly buy those sells.
pro_s2009: Mmmmmm another exploration well......... wonder if thats the Cretaceous target under Royston ? Currently for me the share price should be north of 150p, so its undervalued already as we stand and I agree with him, the flow tests will confirm and prove and the share price should keep on rising. To get 466% from would need to see the "another exploration well" drilled......... but thats possible once Royston is done - which target will it be ?
spawny100: 2020 E&P Winners and Losers. #TXP the best performer by far up 466%. Who will be the winner of 2021? Https:// I can't see #TXP doing 466% again this year though Xav can you? I'd be very happy if it does though. Did you buy some shares? ?Xav's reply : I dont think the share price reflects the Chinook and Cas Deep discoveries. So with news from Chinook test, Cas Deep test, Coho production, seismic, Royston drill and test, licence extension, CAS, CHIN & CAS Deep on production and then maybe another exploration sure its possible
Touchstone Exploration share price data is direct from the London Stock Exchange
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