Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 29/3/2018 21:42

The Russians and Chinese have 'helped' with loans, but the loans are being paid back with oil. So now huge amount of the oil being produced is being used to pay loans. Which in turn means less money for food.

Most of international community wont help because they dont want to prop up Maduro. Core problem is corruption of course.

Twitter today says the state oil company PVDSA is going to close three of its four big domestic refineries indefinitely in next few weeks due to a lack of crude to process and staff shortages.

Err what? They are closing the refineries due to staff shortages and no crude in country with worlds largest oil reserves and huge unemployment. Crazy stuff.

[whiskeyinthejar] 29/3/2018 20:12

Gabriel, I don't know much about Petrotrins pricing.

But Venezuela is a tragedy. People are starving, it's really bad.



So they need the oil for money to feed people, but oil workers aren't getting fed and oil wells aren't being maintained. This means less and less oil is being produced and therefore less money for food. Its literally a death spiral.

May 20th is election. If as expected Maduro doesn't allow a free election, Trump may increase sanctions and put the nail in coffin.

[spellbrook] 29/3/2018 16:42

Well it’s been a good few days for Trinity Exploration &Production with lots more interest and hopefully a new base to build from


Happy Easter TRINNERS

[spellbrook] 29/3/2018 10:37

looking back at this reporting, Bruce and the team have been true to their words

Positive performance Trinity Exploration & Production suggests turnaround plan is working
12:01 09 Aug 2017
"Trinity has a clear strategic focus going forward, which is to grow our reserves and production to maximise the cash flow from our core assets," says chief executive Bruce Dingwall.

[...]

[shrewdmole] 29/3/2018 08:50

Mark

They were bidding strong all day yesterday and a block of 100k just been put on bid side.

Once the large player has done we will be in the 20's easily.

That aside there is so much upside here and all with a very secure financial base.

There must be ii's looking at the sector in general and then looking for value plays.

Most o and g plays are hyped on 1 big well that transforms production numbers but that's higher risk. We have low cost production from lots of wells so not reliant on 1 or 2 wells for it. Very low cost base and once that debt and cln are gone there will be a good rerate.

Add in galeota farm out potential and spt reform and a rising oil price and a very steady share starts to look very exciting. That really is what I like here it's not a binary bet but one we know is making money every day they operate and that it can only get better.

In unpredictable markets there aren't many stocks you can say that about.

S

[mark10101] 29/3/2018 08:17

SM very much on the same page as you. Wonder how the MM’s will get on today filling their 18.2p order, shame we have been held up to do it but as per normal should move on nicely when done.

[shrewdmole] 29/3/2018 08:06

very exciting times.

oil looking strong and global outlook medium term is pointing to a shortfall.
debt to be cleared early
cln cleared
production and profits rising as well as strong oil proce.

I think the sunday mail tip of doubling in 12 months could actually be too conservative.

that's not allowing for any of the other possible upsides

spt reform
galeota farm out

[shrewdmole] 28/3/2018 16:02

Someone's definitely loading up here almost mid price being paid for good lot size!!

S

[mark10101] 28/3/2018 15:00

Looking like they have a buyer at 18.2p, is there enough sellers at this level. Looks to have been a slow day for them.

[shrewdmole] 28/3/2018 10:36

Yes sells are around 17.6p

[mark10101] 28/3/2018 10:32

SM, he has a good following and good to understand yesterday’s and today’s interest. Chart looking great (ignoring today’s false MM print).

[shrewdmole] 28/3/2018 10:22

Not the most detailed insight!

Nevertheless still good pr and let's not forget Bruce is doing city rounds either now or imminently I believe!

[mark10101] 28/3/2018 10:16

Thanks Spellbrook, yes great to see the coverage we are getting.

[spellbrook] 28/3/2018 09:52

Mark10101 i dont subscribe myself, Trin is certainly getting noticed


This Indy Oiler could be a Recovery Play and a Half - Soaring Oil Prices could Make it a Winner
By Malcolm Stacey | Wednesday 28 March 2018

[mark10101] 28/3/2018 09:31

ShareProfits did a piece on TRIN yesterday, which may explain the interest, did anyone read it as he is subscription only now.

[mark10101] 27/3/2018 16:49

Excellent day for TRIN, an UT in our favour this time, the MM play this like a fiddle. The chart set up is looking great.

[mount teide] 27/3/2018 16:47

sm - post 6247 - and last week some 4% cheaper.

[spellbrook] 27/3/2018 16:39

nice volume, nice UT