Trinity Exploration & Pr... Share Discussion Threads

[mesquida] 27/3/2018 11:39

Seller is feeding the order book @18.1. Assume that it is the same seller who has been operating for some weeks now. Must be about due a holdings rns

[shrewdmole] 27/3/2018 11:35

The cause.....

It's an undervalued profitable cash generating business that in the coming weeks and months will increase production and reduce debt to zero.

Now let me think where I can find another one like that?!

There maybe racier stocks about that may or may not 10 bag but little old Trin is making thousands of dollars a day on low risk production in a geopolitically stable country in a rising oil market and has one of the lowest costs in the sector.

There's so many potential upsides but just as we are now its way undervalued and throwing off serious cash.

S

[mark10101] 27/3/2018 11:25

Yes the volume is looking great today, wonder what is causing it?

[spellbrook] 27/3/2018 11:06

another good volume day developing

[nafafa] 27/3/2018 09:57

Clearly a stock shortage, I just got 18.1p for £5k worth but reported as a sell at 0915

[mark10101] 27/3/2018 09:56

Looking strong today, I have focused on taking out 20p but it looks like 18p is an important one to crack also, will be nice to put both behind us for good.

The perfect storm GO, chronic underinvestment, chronic lack of replacement of reserves, huge reliance on fracking which is showing signs of weakness. Very happy to be a TRIN holder, should be an interesting year ahead.

[spellbrook] 27/3/2018 08:14

Looks like T&T oilers could be in for a good year,lots going on in the background and as Malcy implied there could well be some interesting times ahead...

[shrewdmole] 26/3/2018 20:41

Deep

Not saying we shouldn't sell just I don't see us being in a hurry with oil looking so good.

Extra funds could pay off cln and debt early so it's a win win.

Trin is looking very low risk to me at present.

S

[deeppockets] 26/3/2018 19:47

I'm sure an extra slug of cash in the bank is tempting with CLN and Govt debt to repay

[spellbrook] 26/3/2018 19:22

There’s still a strong appetite for TRIn shares and the chart looks ready to push onto 20p imo

[ffp] 26/3/2018 18:35

Thank you shrew, question was on the tip of my tongue..

[shrewdmole] 26/3/2018 18:19

Why the rush to sell any producing asset when oil is looking so strong?

[phowdo] 26/3/2018 16:19

Perhaps that line of stock being cleared. Buys near the ask again.

[mark10101] 26/3/2018 16:07

18.1p being paid, Monday’s are turning out to be good days for TRIN.

[mark10101] 26/3/2018 16:06

Malcy’s Blog, “El Dorado indeed beckons for Leo Koot, the Golden Man of the sector….”;

Ross do you think this is what some of the CERP holders picked up on? I am sure there is a prize to be had in the West Coast assets but I can’t see our managements wanting to tread over that ground again.

[mark10101] 26/3/2018 14:08

It instantly add 200bopd to their production which could be attractive, however like you say it can’t be described as a small deal for them. A sale of the West Coast assets would be very good for us to come now. It will set us up nicely for the rest of the year.

[spellbrook] 25/3/2018 18:36

Let’s see what oil does this week, we know Mays figures are going to be strong

[mark10101] 25/3/2018 00:04

Ross, I may have mentioned it before but my last company installed solar PV, solar thermal and biomass. Excellent technologies when applied correctly. I love electric cars (my previous automotive career ended at a luxury car manufacturer so I know both sides) and I long for all my garden equipment to be affordably switched to battery, it is the future. However how we can replace the phenomenally convenient and colossal energy storage fossil fuels provides is still not clear.