Trinity Exploration & Pr... Share Discussion Threads

[phowdo] 03/11/2017 13:39

I think the market just doesn't trust the oil price rise yet.
Just look at shareprice performance of likes of PMO and TLW.

“Buy right, sit tight." - Jesse Livermore.

[marvelman] 03/11/2017 12:57

Yes indeed WITJ as I have just added 10k at that price...every little helps.

[mark10101] 03/11/2017 12:52

WITJ it does seem we hit these tight spreads at turning points, possible the last of whatever deal being done before we move on, hopefully a stronger close.

[whiskeyinthejar] 03/11/2017 12:36

FWIW Them 17.81p trades are buys. Its 17.81/17.75p to buy/sell. Now gone to 17.87p to buy.

[bones] 03/11/2017 12:29

Exactly Marvelman. Value will out here.

[marvelman] 03/11/2017 12:23

It would seem that we are all missing something that investors in Columbus Energy are not Bones. Our market cap of circa £50 million is now only 10 million higher than Columbus producing just 500 bopd albeit with a great deal of manana extolled by their bod.

[bones] 03/11/2017 12:03

Call me simplistic but am I missing something here?WTI oil is $54 currently, about $5 higher than last month. Trend seems set now on that. TRIN produces 2600 barrels a day targeting 3000 by end of next year. Using 2600, means the month increase of $5 is worth $13,000 a day mostly falling to bottom line as it is basically a price increase that customers have to pay. It's not going to seriously impact on its unit costs.That's nearly $400k a month or $5M a year, just from the incremental increase in oil price this month.Assume level is maintained.Use a PE ratio of 10 (is that unreasonable?), gives a value of $50M just for the increase. TRIN is valued as a whole at that. I know that this is a simple analysis but it's in the ballpark. Unless I'm missing something, TRIN seems ludicrously undervalued or the stock market simply disbelieves the oil market.

[mark10101] 02/11/2017 20:08

Oil still looking solid, should close at a new recent high.

[che7win] 02/11/2017 14:45

Been there, done that with TPL in Kazakstan, I prefer TRIN and TXP.

[mark10101] 02/11/2017 14:37

Yes, I am even not that keen on another of our T&T companies recently listed on AIM due to the companies registered durisdiction and their cavleer approach to U.K. punters money. It does seem some caompanies use AIM very cynically and TRIN in its current form seems out of place amoungst its AIM peers.

[the big fella] 02/11/2017 14:20

Not overly keen on companies with assets in former Soviet countries myself. Safer jurisdictions to play in IMHO.

[grannyboy] 02/11/2017 14:14

glennborthwick. "any other small cap oilers to be looked at"


Have a look at ZEN, who are in an imminent period of activity..they've already had a blowout at a shortly to be w/o well(Z21)...

W/O results due shortly on Z28...

Of course the usual ..DYOR!!

[mark10101] 02/11/2017 10:15

Yes think peole are accumulating as we would be at 15p otherwise. Also I don't think they will let us run until after next weeks event and qrt'ly update.

[shrewdmole] 02/11/2017 09:45

I suspect we will get another holdings rns before long.

[wwick] 01/11/2017 20:51

#TRIN short clip from 121 - -

[glennborthwick] 01/11/2017 16:23

any other small cap oilers to be looked at. Im a bit overweight here but think the sector could get a re-rate if oils tays up

[mark10101] 01/11/2017 09:50

Oil marching on, I still have not seen a convincing argument as to why the fact that one oil producer can breakeven at $50 that will cap oil price below $60. We hit $150 oil and the largest producer had a breakeven around $5.... we also know the fracking revolution is as much a financial revolution and given the poor return those financial deals have returned that is now reversing. I am not saying $80next stop but there certainly could be a surprise like that in th next 6 month.

The oil sector is currently hitting overweight recommendation by analyst so long and strong here so 33p by Christmas or early next year is fine by me.

[mark10101] 01/11/2017 08:00

Yes WTI certainly helping our cause. Let’s hope they announce the new Tax regime soon.

Having not read the latest report is it possible their December 17 target was supposed to be 2018? I personally see that target as achievable by the end of the year but unusual for a report to be so bullish.

[the big fella] 31/10/2017 21:40

WTI continues it’s northward move. Sooner or later this is going to pop

[whiskeyinthejar] 30/10/2017 22:48

Trinity just use wti in powerpoint presentations to guide people about the likely price oil is sold at. It's just a guide.

[woodpeckers] 30/10/2017 21:35

Further to the discussion a couple of days ago about how our oil is priced (WTI/Brent), I wrote to Touchstone to ask the question "In the interview he (Paul Baay)stated that you receive 12 or 13% less than the Brent price. Are we to assume that your oil is Brent as I presumed it was WTI?"

I have just received this reply,

"Historical pricing has correlated best to Brent pricing at a 10-13% discount, however it is not a guarantee promise. Petrotrin has its own pricing which does not tie directly back to Brent and/or WTI."

Not quite sure how this ties in with the reply mark got from TRIN. I would have presumed that Petrotin had the same arrangement with all producers.

[whiskeyinthejar] 30/10/2017 20:40

I guess these figures are for the start of each year ?

Because the target for the end of 2017 is 2800 (3000 minus west coast production of 190 bopd).

So 350 bopd gain next year to 3150 and then bigger jump to 4200 would fit with offshore drilling in 2019 so theyd hit 4200 at end of 2019/beginning 2020 .

By the way, Trinity have only said they'll drill a minimum of 4 wells next year. It could be more. Should find out capex plans in November update.