Trinity Exploration & Pr... Share Discussion Threads

[ny boy] 10/10/2017 10:25

Dip buying Sir!

Anyone in PANR? It's going well!

[sleveen] 10/10/2017 10:15

TXP moving upwards , bought a few this am.

Could be worth looking at, onshore nearly 1500 bopd. Gash generating and a further 4 wells to be drilled potentially.

[wwick] 10/10/2017 10:11

love it wingspan "why would i sell now with all that re-rating news in the pipeline just because the shares were undervalued 2 weeks ago..that would be stupid"

[woodpeckers] 10/10/2017 10:06

Bed&ISAd a chunk of mine today, happy that there is a long way to go and enjoying the ride.

[mark10101] 10/10/2017 09:54

Wingspan, great post.

[mark10101] 10/10/2017 09:51

Jungmana, yes been a rough ride with TRIN over the years, for my sins I am going to hold onto this one until too much is priced in. The risks are still here with a wider market sell off and another collapse of oil but if they do not happen as you say 60p is very achievable.

[jungmana] 10/10/2017 09:41

I took out my money from cerp too about 6.5p as posted on the bb last week. On a free carry there too. Yes trin has a long way to go but am happy with my profit as have been stung many times holding too long.Have no worries on a free carry and Imo this time next year 60p+ is nailed on here.Have gone through the rollercoaster with this one

[wingspan] 10/10/2017 09:39

I think it is fair to summarize the following:

Share price was inadvertently held in a cycle of fear and opacity, there was a seller in the market who (I was reliably informed) had a fear about a (savagely) "lower for longer" oil price and was fire-selling shares in TRIN as a consequence, half year results that dissolved the fear and opacity, an excellent presentation (I was there), the shares were (as most of us knew) absurdly cheap at 9.7-12p, buying came in from a Director and another shareholder accumulating...both of these people having the confidence to buck the valuation trend, a series of good news, Bruce and Jeremy are in ongoing profile raising talks with Institutions, strong buying yesterday on volume and at a pivotal price...a note of some description form WH due out in the next week or so (and this will be after their institutional clients have been briefed...possibly that is commencing/happening already(?)) So, where to from here: WH note, November update, SPT overhaul, motivated company that (other than the annus horribilis)has always been profitable, great management wo i know and trust, great tax losses (205 mln dollars), great assets that are (at some point) going to to jump up in value as 2P status is achieved, BIR early repayment next year, strengthening balance sheet...IF you think that fair value pre half year results was 10 p then sell here maybe...I believe fair value was about 20 p two weeks ago...why would i sell now with all that re-rating news in the pipeline just because the shares were undervalued 2 weeks ago..that would be stupid.

[whiskeyinthejar] 10/10/2017 09:38

CERP doesn't determine the value here. There's no comparison, CERP is loss making. It's issuing shares to pay salaries and loan interest.

But TRIN is profitable and growing. Different league.

[soupdragon55] 10/10/2017 09:36

Just starting my interest here, 4,500 buy was mine. Good to see revenues and recent director buy. Hopefully breaking out from below 20p levels.

[mark10101] 10/10/2017 09:34

Absolutely sleveen and always has been a big premium to TRIN do to herds and hope in old LGO and now CERP. On LSE there have been 75 posts so far this morn8ng, on TRIN 2. So herd speculation definitely a big factor, but my view is there is nothing stoping our management building in some hope value to TRIN also. Fundamentals dictate a price significantly north of here, throw in some hope value and £1 not out of the question in 18 months.

[sleveen] 10/10/2017 09:24

Alternatively CERP is way overvalued on hope value.

[che7win] 10/10/2017 09:15

I agree, I would think we should continue in trend as this price is still far too cheap IMHO.

[mark10101] 10/10/2017 09:09

Not sold a share here yet, but can understand people derisking. No signs we have had a blow out top yet, no gaps that need to be filled and plenty of news to come. As Law says we would need to nearly £1 for comparable valuation to LGO and I think we have superior assets. If my hunch is correct and the new tax reigime will fundamentally change the way TRIN is valued 20p is a gift still.

[mark10101] 10/10/2017 09:05

Mirabeau if you made a profit that is the main thing. I would say 50-60m looking cheap now relative to other bench mark and information. I felt this level was about right for a few days after relisitng.

[shrewdmole] 10/10/2017 09:05

nowhere near fully valued and still increased production, high impact drills and tax reforms to come.

[jungmana] 10/10/2017 09:03

Took my money off the table this morning. Now on a free ride.Been tough few years but this one has done well for me.

[che7win] 10/10/2017 08:53

CERP and TRIN going nuts today, TXP will be next IMHO.

[ny boy] 10/10/2017 08:46

Not long before well into the 20's GL TRINers

[mirabeau] 10/10/2017 08:46

'Mirabeau
3 Feb '17 - 06:53 - 30 of 4168 2 0 Edit
I would like to think we could emulate SQZ. Yes, they are totally debt free and TRIN have around £3m of debt but with excellent cashflow from 2500-2600 bopd there is no real reason that this debt could not be paid down in super quick time.

Totally debt free, an improved 3k/bopd and moving P50 resource to P90 reserve should see us at £50m-£60m easy'..

-

Well, I was nearly right with my prediction about the market cap.! Pity I sold, but then I bottled it like I do with most of the stocks I buy

GLA

[mark10101] 10/10/2017 08:45

19.99 paid.

[mark10101] 10/10/2017 08:34

It can’t be just CERPs internal news, I feel this must have something to do with the tax reforms and the opertunities they present. Meanwhile people accumulate TRIN in stealth.

[lw425] 10/10/2017 08:30

CERP up 20% !!!

Based on the reserves, production of that company TRIN should be about 90p now!!!

[mark10101] 09/10/2017 22:07

CERP 35m MCAP with dilution to come, rose on the news of the placing. Certainly seems there is some excitement around T&T oilers atm.

[mo2550] 09/10/2017 20:54

Another very good day of trading .... without the Monday dipThanks to some excellent informative posts over the last few months I decided to invest in TRIN - 60% gain happy to hold with potentially more good news in the pipeline ....GLAH's