Trinity Exploration & Pr... Share Discussion Threads

[wwick] 27/11/2017 19:33

I was sarcastic ;-)

[ffp] 27/11/2017 19:28

I was joking...

[ffp] 27/11/2017 18:23

You made that up!

[wwick] 27/11/2017 18:21

Malcy on VOX podcast talking about Trinity 27/11/17:
“There were a number of bidders for this (west coast) asset and there is no doubt they will remarket it, it is an asset that is producing well, so there is no hurry for the sale to be restarted straight away. It does not affect my 2018 investment profile or economics at all, those numbers are looking very positive indeed, and so I would say Trinity remain one of the most profitable players, Trinity has probably got the most upside, if you look at the numbers they are clean, highly profitable, they have brought their costs down which is why they are in such a good position. It’s a shame that the deal did not go through but both companies are in good nick, Trinity is very solid, most profitable, lots of upside plus of course they will be drilling next year, so lots of upside for Trinity.”

[fsawatcher] 27/11/2017 16:16

it very quiet heres

wot happen , every one cryin and in bed coz aussie wack pommies or news harry marrying german chancellor merkle

they good match as both ginga's

[mark10101] 25/11/2017 19:12

Well someone is positive for oil and gas 2018 in T&T



“In the Report, the IMF projected that GDP will contract by 3.2 percent in 2017 before turning positive in 2018, settling to around 1.4 percent by 2022. The 2018 recovery is predicated on a strong turnaround in the oil sector, due in part to the expansion of refining capacity and the expectation that several gas projects will come online, combined with a full year of production from gas projects coming on stream in 2017.”

[shrewdmole] 25/11/2017 17:28

I still believe there is too much emphasis on the tax reforms.


We have a low cost base and growing production.

We're profitable and overpaying the debt payments.

Any spt reform even in a fractional way is a bonus but it's not the difference for the company.

Lw- sorry but filtered due to the disingenuous change of tune on a weekly basis.

S

[mark10101] 25/11/2017 17:06

Law why do you think the management team have been padding out the last year with cheap steady growth of existing assets. Until the new tax reigime is clear there is no point making a move, hence keeping powder dry. If the new reigime only encourages new wells than that is what we will do, because if the current wells maintain the current tax reigime it will be better to spend on fresh wells. The beauty of TRIN is we have a large and varied asset base and I still challenge anyone to spam the board with a more solid AIM oiler.

It is certainly going to be an interesting week, however whatever happens with the Tax reigime, I share your view $70 oil will be here sooner than many think and in which case tax or no tax we will be doing very, very well.

[mount teide] 25/11/2017 13:38

What the spreadbet and CFD execution only service providers don't tell the market is that 96% of short term equity traders lose money over the longer term - often lots of it!

Warren Buffet memorably stated: "The market timers Hall of Fame has got no one in it" The best pro's close out circa 60% of their short term trades with a loss.

All of my investments that have returned more than 100% over the last few years, would have been stopped out at least 6 times a year, if i had employed a 15% trailing stop loss.

[lw425] 25/11/2017 13:22

In these volatile markets one must react to every new source of information otherwise you'll wake up one morning 50% down needing a 100% win on another stock just to break even and get YOUR money back.

[lw425] 25/11/2017 13:19

All before Trinity lost the benefit of the 4.5m disposal which they will no longer receive and discovering this nasty lurking on the internet:





page 35

"Madam Speaker, substantial amendments to the basic
set of laws governing the oil and gas sector will be
effected. In order to ensure that the competing demands
of maximizing revenue and encouraging investment are
achieved, a gradual move to the new oil and gas fiscal
regime would be required through a transitional period
in which both the existing and the new regimes would
operate."

[lw425] 25/11/2017 11:54

Not really as the SPT tax kicks in at $50 so what we get now could be lower than the average for the previous quarter.

Not only that they still have to service the debts.

[shrewdmole] 25/11/2017 11:41

Oil around $59 now.....Trin must be banking some serious cash on a daily basis at present.

[scottishfield] 24/11/2017 16:11

Had a few here also rossanan & quite relaxed abt it. Well done.

[che7win] 24/11/2017 16:09

Oil rising is relentless, TRIN only goes up when oil is falling it seems!

[mark10101] 24/11/2017 13:02

Thanks Ross, certainly with the way the spread is atm they are look for sells rather than buys.

[mark10101] 24/11/2017 12:39

Is the offer still over 16p?