Trinity Exploration & Pr... Share Discussion Threads

[jemjem] 23/3/2017 06:35

PoO has shown a spirited recovery. Up about 2.5% from the lows of yesterday afternoon.

[che7win] 22/3/2017 16:47

330k buy late afternoon

[bones] 22/3/2017 12:50

Added a further slug at 13.1p

[brando69] 22/3/2017 12:12

expect a bounce to 15 short term

[brando69] 22/3/2017 12:00

well oversold

[brando69] 22/3/2017 11:51

added another two lots at 12.84

[wwick] 22/3/2017 10:33

Agree with all the references to volume (lack of it) here. I have plotted on balance volume here and it has clearly opened up since the high. You know the fundamentals, you know the volume anomaly. Its easy to say sit tight and painful to do. Imagine your smile when truth is realised.

[mark10101] 22/3/2017 10:07

The Big Fella, that was my point to a shorter on LSE that had chosen TRIN as his target, TRIN is not a company I would pick to short, any number of news items could seeus back towards 20p. There are far safer short targets out there relative to TRIN. Overall I think Oil and oilers still have a good couple of years ahead of them. It is quite possible in 2 years time you will barely be able to see the recent pull back on the graph relative to where it will be.

[the big fella] 22/3/2017 10:02

Curry. Yes the fall is entirely sentiment driven. But when your valuation is already out of line with peers by a multiple either they have an awful lot further to fall or we will eventually catch up.

[the big fella] 22/3/2017 10:00

The lower the oil price goes supply will inevitably fall as the US shakers will have to stop due to it being uneconomic. Therefore it is hard to see a situation where the price could fall below $40. With our low cost base TRIN is in an excellent position. I reposted reworked numbers yesterday which shows just how cheap we are.

[currypasty] 22/3/2017 09:57

POO has knocked sentiment, for the time being. $57, down to just holding $50 has sent punters running for the exit. Pretty much all my oilers are down.

[phowdo] 22/3/2017 09:55

Think we may see a few delayed sells (and buys...) later.

[mark10101] 22/3/2017 09:51

18.5p down to 12p since brokers note confirming a conservative and very large valuation gap. The bizarre thing is 400k sells is not suggesting panic selling but has lead to a 11% drop from yesterday's manipulated 13.5p uncrossing trade close. If only a couple of million buys would lead to a 5p rise.... either way who in their right mind is selling now.

[mark10101] 22/3/2017 09:43

But there has only been tiny selling, many individually own more than what has been sold in the last couple of days that have knocked us down hugely.

[phowdo] 22/3/2017 09:40

Looks like momentum chasing punters capitulating now.

[mark10101] 22/3/2017 09:36

Must be getting very oversold now, I can't see oil falling much lower and anything in the $40's is still good for TRIN. Some say oils up trend support is in the $46s others say $44 is to watch, either way I think there will be a pretty strong bounce into spring.

[che7win] 22/3/2017 09:12

Cantors 37p target is hard to understand in light of the current share price: Old target price New target price Notes09 Mar 17 Cantor Fitzgerald Buy 13.50 - 37.00 Initiates/Starts

[jemjem] 22/3/2017 08:41

With PoO under pressure again, it is understandable that this has gone a bit quiet for the moment - probably until we see a production update from the company.
But of all the oilers I have (not that many now) this one would certainly be the last one i would consider selling. Having re-done my sums, even at $44 WTI, which would give an implied selling price for TRIN at around $40 (and that assumes they have not done any hedging), I am comfortable that a fair share price comes out at around 27p and a cash trading surplus of around $9-$10 million p.a.

Sit tight, imo.

[arab3] 20/3/2017 21:35

10p
you were late to the party !!

[dark energy] 20/3/2017 21:20

I supposed B69 is boring the hell out of everyone after buying here at 14p or so, whereas he was yapping on AST @ 2.65p, the shrewd were buying here at 10p. LOL.

Yes DE took out circa 60% (58%) on this and yet you did not see DE posting here.


Hope you do not experience the curse of the Dundee guy.

[mark10101] 20/3/2017 17:14

Hi Brando, how do things look from a chart perspective after today? Suspecting positive given you purchased. I would certainly take even for the day after the mornings fall.

[the big fella] 20/3/2017 16:35

Yes it would reinforce the investment case if oil remains in an upward trajectory, but that is the same for all oilers. The advantage we have on most of our peers is that we are significantly undervalued in the first place!