Trinity Exploration & Pr... Share Discussion Threads

[wingspan] 30/10/2017 20:16

Exhibit 7 of WH presentation. Looks to me like they expect bopd to look as follows: 2018=2800 (without west coast asset), 2019=3150, 2020=4200, 2021=4850.

[mark10101] 30/10/2017 18:00

Yes, but not active.

[wwick] 30/10/2017 17:47

Mark r u on twitter?

[mark10101] 30/10/2017 17:04

I am presuming the research note is not for general release, or does someone have a link for it?

[mesquida] 30/10/2017 16:03

Many thanks for that wwick. You did indeed include quotation marks and I looked in vain for the comment but was not able to locate it. Clearly I need to change my spectacles. Very bullish of a broker to give such a short term price target, very bullish indeed !

[wwick] 30/10/2017 13:38

Hi mes. That is a direct quote from the bottom of page 6 "We set our December 2017 PT at 33p, implying an impressive
83% potential upside from the current share price." - I believe I included quotation marks.

[mesquida] 30/10/2017 13:30

wwick, you say that Whitman Howard have set their December 2017 price target at 33p but that is not the way I read it. I think what they said was that their price target was 33p , with no mention of the time scale involved, but I stand to be corrected if you can point me in the direction of the words that you have quoted in your message earlier today.

[spellbrook] 30/10/2017 12:09

Great pr coming out of TRIN ..

Whitman report at 33p
Investor roadshow today and tomorrow
Next investors roadshow in November
Then the BIGGIE imo the November update

Also oil not doing to badly either

Accumulate , hold and wait for the 20’s


Good Luck TRINNERS

[wwick] 30/10/2017 11:04

#TRIN valuations - --

[bones] 30/10/2017 10:19

Jemjem, I agree with what you are saying. I very much imagine that the company CFO also does and will be keeping on top of the hedging strategy. After all, we do not actually know what they are hedging currently. It is still fair for them to say that the WTI oil price is key. It almost goes without saying but sometimes the market needs a reminder!

[blueshoes7] 30/10/2017 10:00

Ticking along nicely...

[ny boy] 30/10/2017 09:59

Won’t be long before the next leg up into the 30’s, just buy,pay for the stock and wait patiently.

[blueshoes7] 30/10/2017 09:46

Yes and looking like buyers are gaining confidence. I feel once through 20p, 30p isn't far away.

[wingspan] 30/10/2017 09:44

NAV is 29 pence... "Trinity is trading at one of the sharpest discounts to core NAV in our coverage Universe"

[wwick] 30/10/2017 09:37

"We set our December 2017 PT at 33p" nice!

[wingspan] 30/10/2017 09:31

Whitman Howard start coverage...

[uapatel] 30/10/2017 08:22

I notice that CERP and TXP are also presenting at the 121Conference. Although only invested in Trinity, would be interested if there is any feedback from the them that people think impacts positively or negatively on TRINs assets/market.

Thanks

[jemjem] 30/10/2017 08:16

Bones.

I view the $40 hedge more as a stop loss disaster insurance position, rather than a real hedge.
It cannot be beyond their wit to open some long dated short positions with someone like CMC. They have the funds to put up the margin and it gets rid of some of their concerns if they were to do it for say, 500-750 barrels a day?
Imo

[bones] 30/10/2017 08:06

Jemjem They have $40 put options in place already as a hedge. I agree they could probably get some more longer dated ones while they are going cheap. Maybe they already are?Hedging at the $50 level might be a bit expensive though. TRIN still have a mind to preserve cash flow.

[jemjem] 30/10/2017 07:57

If they perceive the oil price as the "key risk" and they are so risk averse...
why don't they do a proper hedge of some of their production at current oil prices.
That then mitigates some "key risk".
Imo

[woodpeckers] 30/10/2017 07:52

Well our 'key risk' (oil price) is looking 'unrisky' today, 54.11 :-)

[wwick] 29/10/2017 22:19

Thanks: - - ShareSoc Growth Company Seminar in London, 8 November 2017 - - @ OFFICES OF EDISON INVESTMENT RESEARCH - - "Trinity Exploration and Production (TRIN): Trinity has positioned itself as a local oil producer of scale in Trinidad and has created the infrastructure for prolonged low-cost profitable production in a politically stable environment."

[uapatel] 29/10/2017 21:50

Well done mark10101

[uapatel] 29/10/2017 21:49

wwick, yes there is the sharesoc event on the 8th. Don’t have any details though.

[mark10101] 29/10/2017 21:48

ShareSoc event on 08 November 2017