Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 09/2/2018 11:53

Yes, just posted on LSE that it looks like the buy the dippers are back. It is encouraging to see in TRIN which is holding out pretty well given general market conditions.

[phowdo] 09/2/2018 11:51

Dearth of buyers due to market anxiety.
A few sells cause stops to be hit and you get a waterfall until the bargain hunters reappear. Its happening across the board not just TRIN.

(nice trade basem1)

[basem1] 09/2/2018 11:47

Ha ha - just bought my 35000 back that I sold at 17.23....a nice £500 turn. A traders paradise at present.

[shrewdmole] 09/2/2018 11:43

I know ig virtually doubled the margin on Trin last weekend.

[deeppockets] 09/2/2018 11:31

Oil down little but we are getting hammered - odd? Just volatility getting people to sell stocks, some possibly trimming profits to pay margin calls?

[mark10101] 08/2/2018 10:51

Yes volatility is still high but I am hoping these are just after tremors of this event. Fundamentally the markets are now very vulnerable to this very rapid sell off. General market tracking ETF’s look a big structural worry to me and I have been expecting this weeks events for a while. But ETLF looked to have been another layer I missed and what is causing the extra volatility.



Having said that it is why I own TRIN, as Warren Buffet says own stock where you would be happy to own them for several years if the market was suddenly closed on you. A good way of thinking about it.

[bones] 08/2/2018 09:39

Hope so Mark but I keep an eye on the VIX. If that persists above 20, it's usually a sign of continued gyrations and a bit of fear about the place. It will only take another minor interest rate scare to set the hares running again.

[mark10101] 08/2/2018 09:03

Bones very true, if it did not happen this month it could have been any month going forward. Hopefully this cleanses things for now and things can rebuild from here.

[bones] 08/2/2018 08:52

Oil does not operate in a vacuum. The recent market puke cleaned out some big players caught on the wrong side of volatility and that was a market where virtually all bets were short VIX and the like. Plus most margined positions in the stock market were long. Even Bitcoin was a large situation. When a massive wave of margined positions are called, all holdings get sold in a panic to cover the calls. Oil is no exception.Make no mistake when VIX rests above 20 and spikes to 40 as it did, that signals some big damage to major bets in the markets.

[phowdo] 08/2/2018 08:22

Its taken some of the speculative froth out of the spot oil price which may not be a bad thing.

[mark10101] 08/2/2018 08:12

Yes we are still in a good zone and my profit calculation were based on $47 average we received last half. I would hope despite the recent pullback we can achieve that again or better going forward.

I still find it amazing that the oil market is so focused on US production. Meanwhile our nearest neighbour Venezuela has lost more oil production alone than the US put on. Also if you look at yesterday’s number that spooked the market only 110k bopd were added by the shale plays, not sure where the other 220k bopd came from.... The EIA is not known for it accuracy and the hit on oil looks a little staged to me.

I don’t think SA will be happy to IPO at $50 oil, they will be aiming for $80 plus I would have thought.

[shrewdmole] 08/2/2018 03:58

Like malcy says Trin have the best cost base and ebitda in the sector.

Il at $50 or even $40 is profitable and with the hedges we currently have average price is about $47 anyway from marks post?

[mark10101] 07/2/2018 16:38

Bullish EIA draw today but market did not like US production of 10.25m, WTI under $62 atm which is a shame as a base around $63 was looking good.

[shrewdmole] 07/2/2018 14:37

Lol
I doubt that!

[whiskeyinthejar] 07/2/2018 14:18

I don't have enough cash in my piggy to get a quote to buy in size ;)

17.54/17.08p for 1k shares.

[shrewdmole] 07/2/2018 13:56

Anyone got online quotes?
I can't get anything in size despite that 250k iceberg!

[spellbrook] 07/2/2018 11:38

Wouldnt be surprised to see TRIN bought out if the cash continues to grow

Mr Dingwall played a key role in the development of Aberdeen-based Venture Production, which Centrica bought for £1.3 billion in 2009.

[shrewdmole] 07/2/2018 07:17

very positive for oil.

guys forget my other question ive just reread malcys blog and he states imminent bucket list.

I didn't realise how well respected and experienced he was until I just read his cv!!

[mark10101] 07/2/2018 07:09

WITJ, I use this site as it updates quickly after announcements. Looks like they got it wrong as the news reports that come out later are showing it as a draw! As you say that is very very bullish for this time of year.

[shrewdmole] 07/2/2018 06:38

whens malcys bucketlist due out?

[whiskeyinthejar] 06/2/2018 23:03

Mark, we are into refinery maintenance season, so builds are expected, but I think API survey was actually 1.05m surprise DRAW in inventory rather than a build. Very bullish for oil if confimed tomorrow.