Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 21/12/2017 21:54

Mark, the thing is that Trinity could choose to drill 14 wells next year instead of 4, but is choosing not to. Because Trinity is profitable, its not under any pressure to increase production. Every day we make money so if we can't find a partner to drill offshore, Trinity can choose to delay that and maybe drill more onshore or not at all. So Trinity won't be pressed into any moves that aren't lucrative to the company. But Im not sure most cerp shareholders even understand the difference between being cash flow positive and breaking even.

[ffp] 21/12/2017 20:58

Yawn.... LOL!

[mark10101] 21/12/2017 20:54

I am with you WITJ, if the events transpire as I hope they will TRIN is far from the boring plodder many seem to promote it as. We have the assets, we have the means, we just need oil and the SPT reform to unleash the real potential :-)

[whiskeyinthejar] 21/12/2017 15:42

By the way, I was readin some of your boring posts earlier. ;)

Trinity isnt boring of course, but it's an investment rather than a punt.

Anyway, I noted a comment from Bruce in the last presentation - he said they are targeting 'double digit growth next year'. So between 10% and 99% then ;)

10% plus growth is pretty good for any oil company he pointed out. So definetely not boring.

[mount teide] 21/12/2017 14:11

L2 games today to unsettle a few longs and free up some stock.

The 14p price bears little resemblance to L2 reality - currently 1 v 1 / 14.75p v 15.25p, giving a mid price of 15p. All transactions since 9.04am have been above the 15p mid price.

[esmerelda] 21/12/2017 09:36

That news can't be too far away. Should be an update in week 2 18?

[the big fella] 21/12/2017 09:27

Mark

Indeed it has been frustrating to a degree but TRIN has come a long way in twelve months. I suspect next year it’s true value will start to be recognised. I am sure there are a few on the sidelines watching and waiting for this to turn ready to pile in. Chart wise we are in no mans land so I reckon this will drift until newsflow.

[mark10101] 21/12/2017 09:16

Ross having read CERPs update today I am even more confused about its current valuation relative to TRINS. They really struggled to hit 550bopd and despite this mornings drop in price is pretty much the same valuation as TRIN....

Anyway I am holding for the day where TRIN gets a similar premium/exhauberance and that would need to see us in the 60p region which will be nice.

[phowdo] 21/12/2017 08:59

Line of stock to clear around 15p similarly to how we bumped around 10p for a while whilst that line cleared. The NED cleared some of it the other day.

[mark10101] 21/12/2017 08:56

Like the summer MM’s are using this gap in news from the government/company to work a trade by the looks of it. My guess is someone has asked to get a big chunk at 15p this time. This morning looks to be them getting frustrated at the lack of selling, seeing if anyone has 14p auto sell. The thing the MM don’t seem to get here is that the few PI’s left holding have already been through their first round of manipulation to work a buy. Maybe they have wind of potential news by the end of the week so the final push, like the summer the reversal should be equally as strong.

[astorcourt] 21/12/2017 08:47

Because the SPT tax reform turned out to be rhetoric. They said it would go thru last quarter 2017 and it has not. Not to be trusted, the Trinidad oil minister.

[aimmafia] 21/12/2017 08:40

Why is trin not breaking away from this trend??

[mark10101] 20/12/2017 22:39

Far from it FFP, let’s see how the next 60 days go, I will go on record and say my prediction is we will have breached 25p within that time frame.

[ffp] 20/12/2017 22:09

mark, you sound a bit desperate ?

[mark10101] 20/12/2017 21:55

Also if there is money to be made I can’t see why TRIN, with the assets it has and cash generating position, could not do what CERP is doing in spades. Anyway it is good people can get excited with a T&T oiler, I am certain TRIN will have its day.

[mark10101] 20/12/2017 21:51

Goudron depletion rates are a lot worse than the market ever seems to factor in for LGO/CERP, I road LGO from 0.94p to 4p and it went on to 7p (£150m+ MCAP) when it’s tradgetory was aiming for 2000bopd, I think it got close but fell back to where it is now. I will read tomorrow’s update with interest but it seems to me it can only be LGO 2.0.

[mark10101] 20/12/2017 20:09

Looks like WTI could take out $60 before the new year to me. Very cold spell set to hit the US.

Looks like the US is set for some pretty harsh weather going forward. Thought I would check the weather models and in the new year they are predicting a frost in Florida...

Click the link and it runs the temperatures animated over the coming days and weeks.

[mark10101] 20/12/2017 14:56

ROSS how do you see CERP as more of a potential growth story than TRIN? What can they do that we can’t on an even bigger scale. I think people looking at TRIN as this plodder that has no ambitions is crazy. I just sense TRIN is waiting for the fiscal landscape to be clearer and then the growth potential will be clearer to all.

[mark10101] 20/12/2017 11:58

Ross do CERP pay 18% SPT for their onshore assets? Investors there don’t seem too give a monkeys about details such as tax reform. Up to £45m MCAP now, up 10% today.