Trinity Exploration & Pr... Share Discussion Threads

[astorcourt] 21/4/2018 16:17

It did the 10 to 20 quietly, by stealth.
The 17 to 33 will be supported by the arrival of the herd, and increased media exposure.
The story is only now unfolding.

[wwick] 21/4/2018 15:57

Rein me in if I am being fanciful (Ross ;-)). If the stock price appreciates a similar %age from 17 as it did from 10 to 20, this leg would take us to c. 33p . This observation has nothing to do with fundamentals, it is more the fact that TRIN does not take fairy steps. We have had a couple of giant leaps in recent history and what we experienced this week from 17p is nothing in comparison. Hold on tight.

[mount teide] 21/4/2018 15:54

Good to see the Institutional investor herd is finally waking up to the reversion of the commodity cycle to the mean. Some of us correctly called the 8 year low shipping and commodity cycle bottom in H1/2016, went in heavily and, have been averaging up for over 18 months as the investment case continues to strengthen.



Commodities are flashing a once-in-a-generation buy signal - US Global Investors




'Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. I believe those conditions are either firmly in place right now or, at the very least, in their early stages. Among them are factors I’ve discussed at length elsewhere—a weaker U.S. dollar, a steadily flattening yield curve, heightened market volatility, overvalued stocks, expectations of higher inflation, trade war jitters, geopolitical risks and more.

In addition, nearly 60 percent of money managers surveyed by Bank of America Merrill Lynch believe 2018 could be the peak year for stocks. A recent J.P. Morgan survey found that three quarters of ultra-high net worth individuals forecast a U.S. recession in the next two years.

All of this makes the investment case for commodities, gold and energy more compelling than at any other time in recent memory.

Exhibit A is the chart below, which I’ve shared before but recently updated with new data. Relative to equities, commodities are as cheap right now as they’ve been in decades. This is literally a once-in-a-generation opportunity that investors with a long-term view should seriously consider. For perspective, had you invested in a fund tracking the S&P GSCI or an equivalent commodities index in 2000, you would have seen a compound annual growth rate (CAGR) of around 10 percent for the next 10 years, according to Bloomberg data...............

.............We all know that past performance is no guarantee of future results, but it’s doubtful you’re going to get a clearer or resounding signal that now could be an ideal time to add to your commodities exposure. If you feel as if you’ve been stuck at a traffic light these past few years, just waiting to put your foot on the accelerator, you can breathe a sigh of relief because the light may have just turned green.

Goldman: Time to Overweight Commodities

I'm not alone in my bullishness. In a note this week, analysts at Goldman Sachs write that “the strategic case for owning commodities has rarely been stronger.” The bank recommends an overweight position, estimating that commodities will yield at least 10 percent over the next 12 months, with most of the gains being made by crude oil and aluminum.

Whereas crude traders are responding primarily to concerns that output could be disrupted by intensifying conflict in the Middle East, specifically oil producer Syria, aluminum prices have skyrocketed following the imposition of fresh U.S. sanctions against a number of Russian firms. Among them is United Company RUSAL, the world’s second-largest aluminum company, responsible for producing as much as 6 percent of global supply..................'

[mark10101] 21/4/2018 15:37

Surely everyone has him filtered by now?

[wwick] 21/4/2018 15:24

BEWARE OF moneytree1 DE-RAMPER NONSENSE For the record: moneytree1 de-ramping on Trinity Exploration and Production (#TRIN 20/04/18 live price 23.2): - 21/4/2018 14:42 *SPIKE*ALERT*. - 12/4/2018 15:25 topping process playing out as expected. careful what you read.gl 12/4/2018 10:11 marking out its top here nicely. - 11/4/2018 17:59 typical bullish ramps on the up days. silence on the down days. of which they'll be a few shortly. time to bank gains or get short.gl - 11/4/2018 16:27 youll hear from me at 15p once oil drops back over the next month or two:_: - 11/4/2018 16:14 hmmm...lot of ramping going on around here. as is always the case near tops. - 11/4/2018 16:03 so if poo goes up TRIN makes more and if poo goes down TRIN makes more. I smell poo. - 11/4/2018 15:58 thought trin made more if oil falls? or that is how it was being dressed up.... - 11/4/2018 15:13 15p on the way.... (live price 19.6, now 21.7)

[moneytree1] 21/4/2018 14:42

*SPIKE*ALERT*

[esmerelda] 21/4/2018 14:21

Once the 'poison pill' CLNs are cleared then TRIN does become a target especially with its off shore reserves. So it will be good to see the share price up to 30p+ before then. I usually think a 15% premium to fair price is an acceptable bid. Fair price to the Analysts appears to be around 35p but I think that will be higher after results in two weeks time.

[spellbrook] 21/4/2018 12:12

Ross agreed but any talks are better than nothing, TRin have to be careful they don’t get taken over for the cash that’s going to rise and rise

[spellbrook] 21/4/2018 08:00

Seeing as members of T&T have met with BP & SHELL and are expected to meet up again in MAY, there could well be some over hauling / changes in taxes to follow in due course

[spellbrook] 21/4/2018 07:51

Progress in talks with BP

[spellbrook] 21/4/2018 07:48

Imbert: Signs of economic recovery

[spellbrook] 20/4/2018 22:03

Oil Settles Slightly Higher, Torn Between OPEC Meeting and Trump Comments


Oil prices closed little changed Friday, pulled between comments from President Donald Trump that high crude prices "will not be accepted" and a meeting between major oil producers where they recommitted to limiting output.

Light, sweet crude for May delivery settled up 9 cents, or 0.1%, at $68.38 a barrel on the New York Mercantile Exchange, hovering near their highest close in more than three years. Brent, the global benchmark, rose 28 cents, or 0.4%, to $74.06 a barrel.

Oil sold off after Mr. Trump tweeted, "Oil prices are artificially Very High! No good and will not be accepted!"

The president's comments came as the Organization of the Petroleum Exporting Countries and other major producers outside the cartel, including Russia, gather in Jeddah, Saudi Arabia, to assess compliance with a coordinated plan to hold back crude production.

Responding to Mr. Trump's tweet on the sidelines of the ministerial monitoring meeting, Saudi Arabian Oil Minister Khalid al-Falih -- the de facto head of OPEC -- said "there is no such thing as an artificial price." Markets, he added, "determine prices."

Earlier in the day, Mr. Falih said OPEC output reductions were "far from over." His Russian counterpart, Alexander Novak, said his country was committed to complying completely with agreed cuts.

OPEC and 10 producers outside the cartel have been holding back oil output by around 1.8 million barrels a day since the start of 2017. The deal is set to expire at the end of this year, but Saudi Arabia has indicated the participants could continue to hold back output into 2019.

Mr. Trump's options to influence crude prices are limited since U.S. oil production depends on scores of independent producers rather than a state-owned oil company like those in OPEC, analysts said.

"There's very little he can really do, unlike the Saudis who control their own output" said Tom Pugh, a commodities economist at Capital Economics. "And it's just a tweet for now, we have to see if this becomes a theme."

Mr. Pugh said Mr. Trump could sell oil from the U.S. Strategic Petroleum Reserve or try to pressure Saudi Arabia to exit a deal to limit production, but neither measures are likely to succeed.

OPEC's secretary-general, Mohammed Barkindo, said Friday that the U.S. oil industry "is benefiting" from the OPEC production cuts. Indeed, higher prices have incentivized U.S. shale oil producers to ramp up production over the past year, breathing new life into an industry that had been weighed down by excess global supply and low prices, analysts say.

OPEC and its external allies achieved more than 140% of their agreed oil-production cuts in March, officials at the meeting said. That contributed to rebalancing the market after a three-year glut and helped send the oil price on a rally that has added over 125% to the price of brent since January 2016.

In April, geopolitical tensions in the Middle East have largely driven the price, not least after a U.S.-led strike on the Syrian regime last week. Investors are also monitoring the U.S. stance on the international nuclear agreement with Iran, due for review in May. A reinstatement of sanctions could hit oil production and reduce global supply from one of OPEC's largest members.

Brent is "ticking higher by the day, as OPEC cuts are intact, global oil demand growth is firm, Venezuela oil production is in a death spiral, renewed Iran sanctions are imminent and sanctions toward Russia on oil and not just aluminum is possible," said Bjarne Schieldrop, chief commodities analyst at SEB Markets.

Gasoline futures settled up 0.9% to $2.0959 a gallon and diesel futures settled up 0.6% at $2.1230 a gallon.

Stephanie Yang contributed to this article.

[spellbrook] 20/4/2018 21:58

The 5 year chart is one BIG BOWL....

[the big fella] 20/4/2018 18:51

Heading into a new trading range. I expect 30p may prove a psychological barrier although the 5 year chart just offers clear blue sky.

[return_of_the_apeman] 20/4/2018 18:26

Looks to me like there is no resistance on the chart until around 48p,expect it will form new support/resistence before it gets there

Gla

[mark10101] 20/4/2018 17:24

That is an absolutely fantastic finish for the week. What a great BB we have with contributions made by all. With the rise we have had not to be drowned out by traders is amazing. May not last much longer with a chart like we have, it surely must garner more interest into next week.

[spellbrook] 20/4/2018 15:11

Should get some new broker targets after Mays Results and update(s)

WH 33P new price ?
Cantors 38P new price ?
Malcy: 42P new price ?

[spellbrook] 20/4/2018 14:59

strength building should finish higher

[nurdin] 20/4/2018 13:03

Still well away from brokers target of 33p!

[spellbrook] 20/4/2018 12:27

2 weeks until May results & update(s)

[mark10101] 20/4/2018 12:08

wwick, spot on but it is even better than that inlight of our recent update, those reserves could be grossly understated.

Things are only just starting to get interesting here.

[shrewdmole] 20/4/2018 12:08

Wwick

I think the net asset value could be far higher once we see those booked reserves increase in May.

Still lots in this and not hype it's based on basic fundamentals.

S

[wwick] 20/4/2018 11:48

Deep there is no comparison with examples of inflated hyped stocks. TRIN has 35p (risk based) oil in the ground. That my friends is our security.