Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 20/3/2018 11:13

nice 200,000 buy at 18.20p

good luck TRINners

[spellbrook] 20/3/2018 11:12

Also anyone new popping in take a look at BELOW Edison report on TRIN & Trinidad

[spellbrook] 20/3/2018 11:08

nice volume after yesterdays trades, for anyone new popping in worth another read
BELOW......


Join the Caribbean oil rush as Trinity Exploration & Production looks set to drum up healthy returns





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 +2
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

[wwick] 20/3/2018 10:39

Can anyone demonstrate the correlation between negative and positive postings here and share price? ….hmmm thought not

[melody9999] 20/3/2018 10:16

I keep an eye on Midas but I am not a short term trader. And if I was, the Trinity is not the best stock to trade as it can have a large spread. So my guess is that whilst some people jumped in on the back of the article, they are less likely to sell at this point. And others will still be researching TRIN having been alerted to the share, and are likely to buy in in the coming days / weeks.

[mark10101] 20/3/2018 10:06

Ross, the chart has broken out of the recent trend, I see no reason to return to the recent level, I think another and successfully attack on 20p is due and more likely than a fall back.

[whiskeyinthejar] 20/3/2018 09:28

As before, many of the trades that are labelled sells are buys. Im being quoted 17.3p to sell, 17.7p to buy.

[wwick] 20/3/2018 09:02

Order! Regulars will know that Rossannan is cautious and pessimistic. We are a collection of personalities, with different outlooks. Rossannan saying “it could drift back” is a bit like me looking out the window and thinking “it could rain” (then the sun comes out). Neither of these musings matter. Let us concentrate on what matters (cost control, production, conversion of reserves, negligible net debt, macro WTI picture etc)

[sleveen] 20/3/2018 08:58

Wasn't this tipped in 3 newspapers over the weekend.

Some of them will be taking a profit in the short term. It happens.

[beetroot juice] 20/3/2018 08:49

Mark, Rossannan has sold and wants back in ..So off course she/he will be talking no-sense about its ALL Tip driven.

Forget the Updates, production increases, Money growing in trins Bank ETC ETC..OHHH no thats irrelevant...Dearie Me. Some people

Forgets to mention TRIN just got a whole new bunch of buyers. The More the merrier. A Lot of these new PIs will be adding and building stakes. The Price action here is now growing. momentum building and 15p will not be seen again. By friday i predict 20p plus. Buy in then Rossannan, or the week after at 25p..Up to you.

[mark10101] 20/3/2018 08:39

Ross why is it even likely? The chart does not point to it, the progress by the company does not point to it, WTI does not point to it. Please expand on your thesis?

[uapatel] 20/3/2018 08:17

Wingspan and Mark

Totally agree, too much talk of falling back on the share price
Can't speak for others, but I invested for a positive return not a static share price. This company is well undervalued and the balance sheet is getting better each month.

Good luck all holders.

[mark10101] 20/3/2018 08:02

Why is a return to 15.5p inevitable, we should be in the 20’s currently and growing from there as the company announces various news and milestones. The negativity here and LSE is bizzare. We need to make progress, we need to have periods of speculative fizz. The sooner we get a new investors base with a more possitive and sensible outlook the better for this company. You reap what you sow...

[wingspan] 20/3/2018 07:56

Prospective new buyers comes into TRIN orbit...read some old timers on this share board and other boards...saying it will settle back to 15.5p.

What then happens?

[husted] 20/3/2018 07:28

I think this time around, you'll struggle to find someone to sell you shares for 15.5p so can buy them for that. Although I think it'll pull back a bit.

A lot of the trade yesterday would be day traders looking for a quick buck.

But the link to the Trinity article is still there on the Daily Mail Money homepage. It's quite prominent.

The long term effect is more important so its good that a lot more people have now heard the Trinity story.

[nafafa] 19/3/2018 23:27

Looking forward to seeing the inevitable drift back down to 15.5p so I can restock

[shrewdmole] 19/3/2018 20:24

Ffp

Volume yes.

Prior to today the price was being held and splintered blocks either side were obvious so even with the volume we aren't seeing the whole picture.

S

[phowdo] 19/3/2018 19:54

Of course todays volume was from the Mails tip.
That the price didn't move much all day after the initial auction was demonstration that there was a willing seller, be that PIs or an II.

Crude has held up well today with the US indices selling off.

[ffp] 19/3/2018 19:43

Nothing to do with the Sunday Mail then?

[mark10101] 19/3/2018 19:43

SM, I am with you a great day with solid volume, it should role on into tomorrow. Somone who wants to buys tomorrow can do so at a good price without it having got away from them.

[shrewdmole] 19/3/2018 19:38

Phowdo

Not totally convinced but we will see over the next day or two.

I said for a while that this has been held back with similar splintered blocks on both sides of the book so if we do get a holding Rns I expect it to be buying rather than selling.

Could be wrong but just my opinion.

We've had serious volume today and ended blue so I suspect there's more weight behind this move than meets the eye.

S