Trinity Exploration & Pr... Share Discussion Threads

[the big fella] 12/7/2017 10:03

Had another 150k this morning just to round the holding up. Nice "double bottom" on the WTI chart forms the last day or 2. I am not saying we will now race to 60 bucks but if we can stabilise c50 bucks then punters will return to the sector.

[shrewdmole] 12/7/2017 08:28

Is malcys blog a monthly thing?

[mark10101] 12/7/2017 07:30

So for all the talk of a flooded market the US has had a total build of 1mbo in 2017....

[t999mrb] 12/7/2017 07:08

Sorry meant to post under Lloyds!

[t999mrb] 12/7/2017 07:07

Neil Woodford - Banks can heal the UK economyQuote:At the heart of this more positive view on the domestic economy is the UK banking system, which now appears, at last, to be substantially healed. Throughout the financial crisis and its prolonged aftermath, I have been more interested in what the banks are doing, rather than what they are saying, and looking for evidence that the banks were beginning to lend again before feeling more confident that the UK banks had substantially completed their healing process.That pick-up in lending has been evident since late 2016 – I now see a banking system that is in much better shape, with substantially more capital than at any time in recent history and one that clearly now feels confident enough to start extending credit to the wider economy again. This has positive implications for the UK economic growth outlook and also represents an opportunity to revisit the investment case for UK retail banking.Despite the rehabilitation progress that the banks have made, share prices remain surprisingly close to the lows that coincided with the depths of the financial crisis in early 2009. Share prices tend to trade below book value, suggesting that the stockmarket has yet to acknowledge the transformation of UK banks' prospects that is now well underway.

[phowdo] 11/7/2017 22:09

API data showed a big draw this evening. Just as everyone was on the "bearish on crude" bandwagon...

Crude: -8.1M
Cushing: -2.0M
Gasoline: -0.8M
Distilates: +2.1M

[mark10101] 11/7/2017 22:02

Oil looking good tonight, up $2 since they marked us down today. May bring a bit more animal instinct back here tomorrow.

[shrewdmole] 11/7/2017 10:37

Well at current poo were still making money every single day so what's the rush for an Rns.

What makes me laugh is we all know this info as its been put out there about our costs. Volume is pitiful but buying in opportunity below 12p.

If we had an Rns saying we're making money daily everyone would add and rue not adding when it was quiet!

Typical aim mentality.

S

[whiskeyinthejar] 11/7/2017 08:39

Lol. It's only 6 weeks since the last trading update.

[mark10101] 10/7/2017 12:16

Well some RNS's, the MM seem so boarded they keep losing track of the price, never known so many PME's for a share in the middle of trading.

[mark10101] 10/7/2017 11:44

Someone on LSE says his trading terminal had it down for 11am so still possible for today.

[squiresquire] 10/7/2017 11:21

No probs they have a lot to cover and it should be good

[aimmafia] 10/7/2017 07:52

Clearly didn't land. Disappointing. Hopefully today.

[astorcourt] 10/7/2017 07:27

RNS ?

What happen Aimmafia?

[mark10101] 08/7/2017 15:11

Sorry I meant LSE, I'll change.

[mesquida] 08/7/2017 14:59

This is advfn and I have not seen his answer!

[mark10101] 08/7/2017 13:02

He answered on LSE and I think it is his view not based on any other info.

[mesquida] 08/7/2017 12:33

No answer from aim mafia re rns?!

[mark10101] 08/7/2017 09:29

shrewd, a fair point we have enough to go at anyway and getting caught up with unions is not a good move. One of the reasons we needed up in the mess we did last year was the wages, at times it seems like TRIN was being run as an extension of Petrotrin anyway.

[shrewdmole] 08/7/2017 09:07

Mark

I don't think it would do us any favours bidding for their assets as it sounds like it could get political with the union.

What is interesting is the ministers comment that their cost to produce is hampered by some of the highest wages their staff are paid in t and t.

Just shows how well Trin has done at reducing production costs!!!

S

[mark10101] 08/7/2017 00:43

In reference to WITJ's post yesterday. With petrotrins costs at $44 just to lift the oil ignoring capital expenditure to drill for it, TRIN could soon be seen as a future model.... no smoke without fire with reference to selling petrotrins assets. It was mentioned at the beginning of the year that along with tax reforms new acreage would be made available. I am still comfortable that the upside potential here far outways the downside risk.

[shrewdmole] 07/7/2017 17:38

Aim

How do you know that info?

S

[mark10101] 07/7/2017 16:44

May explain why TRIN has held up so well with oil weakening over the last few days.

[aimmafia] 07/7/2017 15:53

Hi. Just so you know. Rns update Monday. Have a good weekend all.