Trinity Exploration & Pr... Share Discussion Threads

[shrewdmole] 05/10/2017 10:26

Oops IT issues guys sorry for multiple post!

[shrewdmole] 05/10/2017 10:25

It's obvious the buyer is still there as the large blocks on the bid.

They must see some serious upside.

Still only £50m mkt cap.

I was conservatively hoping for 30p but could see this going way beyond in next few weeks and months as the drilling goes on.

Plus the potential for tax reform which should increase profitability from every barrel pumped!

S

[shrewdmole] 05/10/2017 10:25

It's obvious the buyer is still there as the large blocks on the bid.

They must see some serious upside.

Still only £50m mkt cap.

I was conservatively hoping for 30p but could see this going way beyond in next few weeks and months as the drilling goes on.

Plus the potential for tax reform which should increase profitability from every barrel pumped!

S

[shrewdmole] 05/10/2017 10:24

It's obvious the buyer is still there as the large blocks on the bid.

They must see some serious upside.

Still only £50m mkt cap.

I was conservatively hoping for 30p but could see this going way beyond in next few weeks and months as the drilling goes on.

Plus the potential for tax reform which should increase profitability from every barrel pumped!

S

[mark10101] 05/10/2017 10:24

Not much of a rush to sell at that bid either :-)

[nafafa] 05/10/2017 10:10

MMs after stock and not disclosing large buy orders this morning

[mark10101] 05/10/2017 10:02

We may get a spike into the high 20’s where I am sure people will sell into but for me I am hoping we get into the 20,s and form a base there for hopefully better news into the end of year early next.

[spellbrook] 05/10/2017 09:57

Maybe "Woodford" will want some TRIN in his FUND..lol...gla

[ny boy] 05/10/2017 09:52

I like orderly

[wingspan] 05/10/2017 09:51

Mark...I agree.

This all seems orderly

[mark10101] 05/10/2017 09:42

I think we will do it today, people buying above 18p atm, not huge volume so like I said earlier this looks to be part of the rerate and not a frenzied spike.

[ny boy] 05/10/2017 09:18

Bang on 18.5p, not enough fuel to get thru this time, the bulls will have another go later or tomorrow GLA

[mark10101] 05/10/2017 09:11

Nice steady rise this week, the volume is good but not indicating a frenzied top to me. It does look like we could make it into the 20’s this week which is where we should be at least IMHO.

[ny boy] 05/10/2017 08:48

Here we go, not long for the roaring 20's

[squiresquire] 05/10/2017 08:46

If so we are on an extremely pleasant journey to the 30s.

[ny boy] 05/10/2017 08:39

Reckon 18.5p test comes today

[bones] 05/10/2017 08:26

I doubt any research was done for that article. More often than not, they regurgitate parts of existing broker notes and trim it to fit the gap in the "publisher" page.

[squiresquire] 05/10/2017 08:19

croas

One thing i do know is that after 18.4p this share could go, as some say, ' totally ballistic '.

[squiresquire] 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 '.

[croasdalelfc] 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

[ny boy] 05/10/2017 08:16

Crank up the volume, breakout from 18.5p nearing

[robward] 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 !!

[wingspan] 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