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TRIN Trinity Exploration & Production Plc

45.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trinity Exploration & Production Plc LSE:TRIN London Ordinary Share GB00BN7CJ686 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 45.00 44.00 46.00 45.00 45.00 45.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trinity Exploration & Pr... Share Discussion Threads

Showing 7451 to 7472 of 30175 messages
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DateSubjectAuthorDiscuss
05/10/2017
08:18
rob

I am afraid to say it was a word i often used to hear as a boy, usually aimed at me, now the wife calls me 'shabby'.....but as we know thats ' chic '.

squiresquire
05/10/2017
08:17
Does anyone have the broker report or know how they have calculated 38p?Written on a beer mat :))I think 2.8p EPS for 2018 is within reach with an oil price of $47 . Ive gone for a very conservative calculation2900 x 365 x $10 /$1.35 = £7.8m= 2.8p EPS gives a Forward PER of 6 now and 14 at an share price of 40pUpside would be 3100 x 365 x $12/$1.35 = £10.8m= 3.8p EPS and an Forward PER of 4.5 now and 13 at an share price of 50p
croasdalelfc
05/10/2017
08:16
Crank up the volume, breakout from 18.5p nearing
ny boy
05/10/2017
08:12
Squiresquire

May I commend you on your use of that marvellous word "slovenly", I havn't seen it used for years and years !!

robward
05/10/2017
08:08
Article should read for those who care:

Shares in Trinity could ‘triple in value’ says broker Production, profit and cash flow are heading in the right direction 05 October 2017|Smaller Companies Issue: 05 Oct 2017 - Page 37 Tight control on costs and increasing production have increased profitability and cash flow at Trinidad oil producer Trinity Exploration & Production (TRIN:AIM) and provide a catalyst for the share price. Trinity completed a $15m restructuring earlier this year which has reduced net debt from $34.3m to just $1.2m. The company’s cash balance has also improved by 125% to $11.5m as of 30 June. The share price enjoyed a rally earlier in 2017 but has stalled over the past six months while the market awaited confirmation of the facts. We think now is a good time to buy as Trinity is targeting the ‘low hanging fruit’ in its portfolio, according to broker Cantor Fitzgerald. An increase in operating activities across its core assets during July and August has restored production levels to 2,600 barrels of oil per day (bopd). That puts it on track to hit year-end guidance of between 2,600 and 2,800 bopd and a near term target of 3,000 bopd. Management is targeting 3+ year BOPD number nearer 5-7,000 BOPD assuming a successful program kicked off by second half ramp up in well overhauls. The target should mainly be achieved by low-cost work on existing wells and drilling some additional production wells on the onshore portfolio. Executive chairman Bruce Dingwall tells Shares the company may drill on its offshore Trintes field in 2018 which will be a strong catalyst for the share price. At current WTI oil prices Trinity will be able to deliver decent profit as the company believes it can make money above an oil price of $28.2 per barrel. Trinidad has pointed to an overhaul of the SPT which will be economically significant for TRIN. The first oil deposits in Trinidad were discovered in 1866 and the first well was drilled in 1867 with continuous production beginning as early as 1908. Trinity is a material player in this industry – accounting for more than 3% of the island’s total oil production. Dingwall says although the regulatory system can take time to navigate, ‘it is also very process-driven, so you know where you stand’ and TRIN is locally run. The island has plenty of infrastructure including roads and equipment. The sub-surface is also very well understood because there has been so much drilling. This reduces the risk of production wells underperforming. Dingwall may already be familiar to investors in the UK oil and gas sector. He founded North Sea-focused Venture Production in 1997. The company was floated on the stock market at 170p in 2002 and subsequently acquired by Centrica in August 2009 for 845p per share. Dingwall insists his current company is ‘not an idea; it is a well-established profitable business’. Through a well aligned and experienced management team holders can look forward to a strong broker update soon, strong quarterly update early next month and a period where the market re-evaluates the value of this business - BUY Target price 40+ Pence

wingspan
05/10/2017
08:06
Its seriously annoying about basic errors. They also left out the tax benefit of the 205 million and how Dingwall has completely turned this company round. No mention of the assets in Nov is really bad and failing to say how the 3000 is such a near term target for the company is just indicative of slovenly research.
squiresquire
05/10/2017
07:53
Still a positive message but disappointing about basic errors....
mark10101
05/10/2017
07:48
One small article - and they still can't get it right!! $56 a barrel!! The all in cost is wrong tooNo mention of the sales of assets in Nov.3000 bopd is the near term target not a 12 month target
croasdalelfc
05/10/2017
07:35
Shares in Trinity could ‘triple in value’ says broker

Production, profit and cash flow are heading in the right direction

05 October 2017|Smaller Companies

Issue: 05 Oct 2017 - Page 37

Tight control on costs and increasing production could improve profitability and cash flow at Trinidad oil producer Trinity Exploration & Production (TRIN:AIM) and provide a catalyst for the share price.

Trinity completed a $15m restructuring earlier this year which has reduced net debt from $34.3m to just $1.2m. The company’s cash balance has also improved by 125% to $11.5m as of 30 June.

The share price enjoyed a rally earlier in 2017 but has stalled over the past six months. We think now is a good time to buy as Trinity is targeting the ‘low hanging fruit’ in its portfolio, according to broker Cantor Fitzgerald.

An increase in operating activities across its core assets during July and August has restored production levels to 2,600 barrels of oil per day (bopd). That puts it on track to hit year-end guidance of between 2,600 and 2,800 bopd and a 12-month target of 3,000 bopd.

The target should mainly be achieved by low-cost work on existing wells and drilling some additional production wells on the onshore portfolio. Executive chairman Bruce Dingwall tells Shares the company may drill on its offshore Trintes field in 2018.

At current oil prices of around $56 per barrel Trinity should be able to deliver decent profit as the company believes it can make money above an oil price of $32.8 per barrel.

Mature oil and gas industry

Trinidad has a mature oil and gas industry. The first oil deposits were discovered in 1866 and the first well was drilled in 1867 with continuous production beginning as early as 1908.

Trinity is a material player in this industry – accounting for more than 3% of the island’s total oil production.

Dingwall says although the regulatory system can take time to navigate, ‘it is also very process-driven, so you know where you stand’.

The island has plenty of infrastructure including roads and equipment. The sub-surface is also very well understood because there has been so much drilling. This reduces the risk of production wells underperforming.

Dingwall may already be familiar to investors in the UK oil and gas sector. He founded North Sea-focused Venture Production in 1997. The company was floated on the stock market at 170p in 2002 and subsequently acquired by Centrica in August 2009 for 845p per share. Dingwall insists his current company is ‘not an idea; it is a well-established profitable business’.

-

gersemi
05/10/2017
07:15
Can you post article as can't see All other than first para. Many thanks
markth126
05/10/2017
06:51
Could triple in value
spellbrook
05/10/2017
05:20
Tipped in Shares mag.
gersemi
04/10/2017
17:43
Another notch on the huge potential TRIN bowl formation...gla
spellbrook
04/10/2017
17:39
Good action today, keep it up, long way to go yet, long term hold, manyvwill get mugged selling in the 10's, 20's, 30's etc

Buy & hold.. simples

ny boy
04/10/2017
17:09
From last week but not seen it posted. 11mins in.
mark10101
04/10/2017
16:42
Nice close again for TRIN, graph to me is indicating biggest move to come next.
mark10101
04/10/2017
15:34
rossannan

Good luck ,

TRIN for me ticks all the boxes

Great bod,cash , reserves and making money, all very rare on aim

spellbrook
04/10/2017
14:38
malcys prediction on TRIn being undervalued compared to its peers may get a mention
spellbrook
04/10/2017
14:27
Ross only have eyes for TRIn,cash in bank and making money daily
spellbrook
04/10/2017
14:19
Do we reach 18.5p this week ?
spellbrook
04/10/2017
14:14
Looking forward to the brokers note
spellbrook
04/10/2017
14:10
Perky in afternoon, due to some US investor interest, especially those with a connection to Trinidad
ny boy
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