Trinity Exploration & Pr... Share Discussion Threads

[squiresquire] 26/5/2017 08:32

But it is making loads now, it has very clearly got an excellent relationship with the government and it is doing very well in its production, at this silly share price its going to attract buyers and a higher price, every time they give out results it strengthens their investment case.

[john henry] 26/5/2017 08:27

it can stay low for a long long time AIM. The market has a long memory and this company has lost investors shed loads of money.

[whiskeyinthejar] 26/5/2017 08:27

Agm is June 23rd. Should be trading update that morning.

[mark10101] 26/5/2017 08:24

Look at the volume, just a morning shake given what happened to oil yesterday. We don't need news here JH given the valuation gap that could close any time.

[aimmafia] 26/5/2017 08:23

Trading update within 70 days is next catalyst. That's what I'm waiting for now. It simply cannot stay down here forever.

[john henry] 26/5/2017 08:21

bidding 13.5p looks like a seller hitting the ATs fingers crossed 13p holds.

The problem here AIM no news and unlikely to be any for many months.

[aimmafia] 26/5/2017 08:16

We are making huge profit each month...... and can't even break 50 million market cap.... rediculous

[john henry] 26/5/2017 08:13

Back to testing the support of the channel. bidding 14p

[whiskeyinthejar] 25/5/2017 17:37

I meant the opec deal should encourage some buying of oil shares, rather than wti. Wti has seen profit taking though as traders have sold on the news.

But driving season starts this weekend with Memorial Day holiday and demand for oil will start to surge in middle east over summer as they ramp up the air conditioning. Saudi Arabia uses ridiculous amount of oil for power. Anyway, oil should at least be stable for the foreseeable, so that should give people confidence to buy low cost producers like Trin.

[che7win] 25/5/2017 17:27

mark,
Saudi exports didn't actually decrease this year as they exported stored oil, as excess inventory in the Middle East winds down, we should see surplus oil get back to historic averages.

We'll see how it works out, always volatile on OPEC meetings, the market wanted more cuts.

[mark10101] 25/5/2017 16:59

Well my WTI comment was the kiss of death. Think this is just traders as it has reacted as if there was no extension. 9m of reduced output and global demand growth surely will get things rebalanced if it is not already.

[whiskeyinthejar] 25/5/2017 16:53

The opec deal is done. Extending for 9 months. Just waiting for news conference. Oil price stability should encourage some buying. But I'd be quite happy with 2p rise every month.

Next trading update i think on agm day- 23rd June.

[squiresquire] 25/5/2017 16:19

I think it wont be long now before it starts to move, there is a lot of nwes coming down the track, starting very soon, . GLA

[aimmafia] 24/5/2017 11:46

I think there is still financials and possibly one more update to go before the pis really pile in. We will see. Regardless we will be much higher than we are now in the next 90 days

[mark10101] 24/5/2017 11:44

I agree AIM, now it seems the worst is behind us for WTI (kiss of death comment...) 30p would get us closer to fair value but nowhere near speculative overvaluation for what the future may bring.

[aimmafia] 24/5/2017 11:23

Most undervalued oiler on aim. Sqz has had its rise and yet it is still moving forward. We still have another 100% to go until somewhere near fair value short term.

[john henry] 24/5/2017 09:14

Unbelievable the lack of interest here. WTI moving forward nicely. Trin completely static.

[squiresquire] 24/5/2017 08:11

4 MORE RCPs by next 5 weeks. Excellent news and potential. Moving forward very nicely.

[whiskeyinthejar] 24/5/2017 08:02

Trin cant currently use the tax loss pool to offset SPT, but if it's reformed and they combined SPT into the profit tax then maybe?

Ive seen different plans mentioned for reforming SPT not sure what likely plan is now? Hopefully they just get rid of it.

But Im sure Trin government know their oil tax system is broken though and they need to fix it to encourage more investment if they are gonna get island's production up. And recent articles suggest its gonna happen soon.

[mark10101] 24/5/2017 06:52

WITJ

One of things I think will take TRIN higher this year is the governments changes to the TAX reigime. From the presentation the company comments on it. Do you know if we are shielded from the SPT like the normal PPT TAX due to previous loses? I think when the SPT kicks it is top heavy for companies TRIN size and producing at just the other side of the threashold makes them less profitable than at lower oil prices. Hopefully the government will announce something soon.

" No SPT payable relating to 2016, having realisations below the USD 50.01/bbl threshold

 Profits from production continue to be sheltered from Petroleum Profits Taxes (“PPT) by a significant tax loss pool of US$ 217.6mm"

[whiskeyinthejar] 24/5/2017 01:09

Yep. Plenty to look forward to.

Slide 14 of May presentation. Management upping production from 2,500 to 3,000 over next 12 months will increase cash flow (netback) by 50%:



That's with wti at $50. I think wti should average high $50s over next 12 months, so TRIN financials should look even better than this.

[mark10101] 23/5/2017 22:22

AIM I know you will be out at 22p, however for me I am in the camp that sees 50p+ possible in the next 18 month and given I have held since 2014 it is less time than up to now for me.

[bountyhunter] 23/5/2017 21:53

The charts looking like a coiled spring to me; I don't think we will have to wait much longer for a move up.

[aimmafia] 23/5/2017 21:42

Years? Lol no thanks