Trinity Exploration & Pr... Share Discussion Threads

[joosepi] 19/3/2018 08:24

cat and pigeons comes to mind. MMs missed this one LOL

[mark10101] 19/3/2018 08:08

Quick, all those guys that like to sell into a rally get it done now.

[mesquida] 19/3/2018 04:53

If you are a seller @ 17.5( albeit only a small part of your holding ) then I assume that you are hoping to repurchase on a pullback. Certainly that has been a profitable strategy these past few months, but I am not sure that I personally would want to take the risk of being out of even a small part of my holding at this moment in time. But Good Luck nevertheless!

[nafafa] 19/3/2018 00:03

I don’t think that there is much stock available to be snapped up. For the past few weeks the mms have tried to sucker existing holders into selling, but without much success. If the press coverage does generate a wave of new investors the price must rise, then the extent of the rise depends on how existing holders react. I will sell a small proportion of my holding if I can achieve 17.5p.

[ffp] 18/3/2018 21:48

Seems these people follow like sheep... All I can say to that is she is respected in the industry.

[mount teide] 18/3/2018 20:50

Midas column online has a decent core following, viewed more by investors than traders if the comments section is a reliable guide.

The type of people that a value and growth play like TRIN may have some appeal to, particularly since it is in a hugely leaned down sector in the early stages of recovery, following a near decade long fall in oil prices.

[ffp] 18/3/2018 20:14

No problem, shrew, we say it a we see it. Numpties will pile in tomorrow at around 100 shares each... Not sure the price will react too much apart from an initial up first thing.

[shrewdmole] 18/3/2018 19:10

Ffp

Sorry for the rant I just think his is great pr if nothing else as it will make quite a few people do some research and see the value.

I don't want a spike just for it to fall back but I can see this being a base to see the price move forward now.

S

[mark10101] 18/3/2018 17:38

SM, this tip is significant, as you say she will be well followed, it could well be the start of a decent run if the news flow assists.

Who would rather be a holder already or take a chance of building the same holding in the coming weeks? I know I am glad to got my buys in already.

[ffp] 18/3/2018 17:35

Sorry, I was not knocking, far from it...

[shrewdmole] 18/3/2018 17:16

Why all the negativity?

I don't condone people jumping into any stock on the back of a tip but it should mean a lot more people doing their dd on Trin and what's not to like?

We've had a big spread lambasting the value of our investment and from a journalist that's one tipster of the year 2 years running I believe so will have a following.

Yet we knock the journalist, what it will mean to the share price etc

[shrewdmole] 18/3/2018 17:11

Well she's seen what we've seen and actually hasn't mentioned many of the other bullish points.
Eg cln and over payment of debt due to be cleared soon and galeota potential.

Reads to me like a very simple investment case, low cost, lean, growing production.

[ffp] 18/3/2018 17:10

Be interesting to see how many jump on the band wagon tomorrow, I expect the opening price will be higher on the back of it. My experience anyway with Midas tips in the past.

She tipped Avacta 4 years ago, shot up 30% and is now in the doldrums.. No update on the failures....

[pineapple1] 18/3/2018 17:02

Lets hope its a reputation well deserved for the future ,and not just for next week.

[shrewdmole] 18/3/2018 16:31

The piece is written by a very credible source too.

[spellbrook] 18/3/2018 16:22

pineapple1

Can be the case, but we have had Malcy include it, good Edison report, now Midas,you often need several avenues, the good ones will prevail..imo

[spellbrook] 18/3/2018 16:19

For anyone new that joins here’s the full article, good luck all TRINNERS.you need luck, tips, investors, to pick a winner and just maybe this little beast is waking up..

MIDAS SHARE TIPS: Join the Caribbean oil rush as Trinidad-based Trinity Exploration & Production looks set to drum up healthy returns
By Joanne Hart, Financial Mail on Sunday
PUBLISHED: 22:01, 17 March 2018 | UPDATED: 11:54, 18 March 2018

At its height in 2014, Trinity Exploration & Production was valued on the stock market at about £150million and the shares were trading at 159p.

Then the oil price slumped and the Trinidad-based oil producer found itself with too much debt, too many staff and a bloated cost base.

Chairman Bruce Dingwall was forced to issue nearly 200million new shares as part of a comprehensive restructuring package.

Today, Trinity's valuation has shrunk to £44million and the stock is 15.5p.

Out of the doldrums: At its height in 2014, Trinity Exploration & Production was valued on the stock market at about £150 million and the shares were trading at 159p
Out of the doldrums: At its height in 2014, Trinity Exploration & Production was valued on the stock market at about £150 million and the shares were trading at 159p

However, Trinity has cut overheads, trimmed its workforce and is now increasing production.

The current price reflects Trinity's troubled past rather than its future and the shares are a bargain.

Dingwall was born and raised in Trinidad and has spent more than 30 years in the international oil and gas business.



Having spent the early part of his career at giants such as ExxonMobil and Lasmo, he co-founded Venture Production in 1996, a business ultimately sold to Centrica for more than £2billion.

Dingwall left Venture in 2004, acquired its Trinidadian assets and set up Trinity Exploration a year later.

He has been hard at work ever since. Many people associate Trinidad and Tobago with carnival celebrations and Caribbean holidays.

But Trinidad is a major oil-producing nation, with companies such as BP, Shell and Chevron all operating off its coast.

Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity’s troubled past rather than its future and the shares are a bargain
Trinity has cut overheads, trimmed its workforce and is now increasing production. The current price reflects Trinity's troubled past rather than its future and the shares are a bargain

Trinity is a smaller beast, but it is a significant local player, with a substantial onshore presence and offshore assets too.

Earlier this month, Dingwall released figures showing that production rose more than 10 per cent from the first half of 2017 to the second half.

Average production totalled 2,600 barrels a day, rising to 3,000 barrels during December.

This year, the company aims to achieve daily production of between 2,800 and 3,000 barrels, rising to at least 4,000 by 2020.


The company owns licences to more than a thousand wells but has been focusing on just 140 to keep expenditure down.

Over time, new wells will be drilled, but Dingwall is determined to keep costs low, as Trinity is now one of the leanest oil companies in the industry with total costs of just $30 (£21.50) a barrel.

Midas verdict: Trinity was hit hard when the oil price collapsed and the group is still feeling the pain.

But Dingwall is nursing the company back to health, backed by an enthusiastic and dedicated workforce.

Prospects are brighter than they have been in years, the group's long-term ambition is to reach daily production of more than 7,000 barrels and brokers believe the share price should more than double over the next 12 months.

Adventurous investors should snap up some shares now. At 15.5p, they could prove a rewarding investment.

Traded on: AIM Ticker: TRIN Contact: trinityexploration.com or 001 868 653 7651

[pineapple1] 18/3/2018 16:15

I,ve never been fond of seeing companies i,m invested in tipped as buys in the MSM tabloids. It seems to me that its often a paid for peice by a large holder looking to exit .
But one wonders why someone should be selling at these levels.
If it was Questor in the Telegraph i,d be selling tommorrow as he's the kiss of death.
imho

[shrewdmole] 18/3/2018 16:14

Ps I am certain the management said they were in London late March to meet insti's?

[chestnuts] 18/3/2018 16:10

Mark

I remember finding at chart on SA production and it was a rising wedge, these patterns are usually found at end of of 5 waves so maybe they have /are running out of oil, either way they loose control of the market.

[spellbrook] 18/3/2018 15:59

Sm

And so we should be hopefully this little beast is starting to wake up

[shrewdmole] 18/3/2018 14:21

Getting quite exciting here