Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 01/5/2018 21:09

Regarding possible takeover target generating cash and have over $200,000,000 tax losses.


Win win win..

[spellbrook] 01/5/2018 20:52

Mark I’ve been harping on about 5he 5 year chart it could play out all the way back to £1 if oil gushes and Galeota comes into 0lay imo

[spellbrook] 01/5/2018 20:50

Bruce is tt he knows this is pay back time and will take TRIn cautiously to it’s ultimate end imo..

[glennborthwick] 01/5/2018 20:43

just had a quick look at cerp. Looks like market cap of 33 mill for not much compared to Trin. Looking good here , in at average price of 16p and ive rode Zoo from 10p to a pound so hopefully we can head towards a pound over the next 3 years.

[mark10101] 01/5/2018 20:33

I have updated the 5 year chart to include WTI. I am not sure if it updates automatically but will keep an eye on it.

[spellbrook] 01/5/2018 20:29

TRIn and Bruce and team is all you need to know

Bruce has already had a buyout company

One more and he could be ready to retire in tt with whatever TRIn he wants

[glennborthwick] 01/5/2018 19:36

are there any other trinidad and tobago plays other than this and txp

[mark10101] 01/5/2018 19:33

Darola, looks interesting but still having $60m debt is probably the reason for caution regarding share price. Most the production is in Egypt as well, which for me would be a negative. Reserves nowhere near where I think TRIN will be in a few years times. Don’t get me wrong I think this is a fantastic time to be bottom feeding for oilers, few investment opportunities present themselves like we have with oil in a lifetime ihmo.

[darola] 01/5/2018 19:01

If you think this is cheap take a look at TSX.TGL. £80m market cap and producing 15k bopd. Similar to TRIN it nearly went under when oil price was low and has since restructured. But the TSX punters have given up on it, so they have just announced they are going to dual list on AIM. Current share price is $2.40 and it seems to climb daily at the moment. Recent broker forecasts are north of $3 and a recent Seeking Alpha article forecast $4.50. But even then it's looks cheap when you consider free cash looks like it could be circa $200m a year at current Oil price. A recent presentation is on you tube for anybody interested. Looks a real gem.

[mark10101] 01/5/2018 18:39

Yes a premium of 30p taking us to 55p may do it, even then I think it would be a good deal for the buyers. As added to the header today we have tax losse that would gift the buyer pretty much our current MCAP when used. As a bigger acquiring company with higher profits that would be very attractive and could be realised pretty quickly.

[ffp] 01/5/2018 18:23

So a premium of what, would you say 30p?

[uapatel] 01/5/2018 18:16

astrocourt,

Think they'll need to pay a fair amount, Bruce said they weren't going to be cheap when it was raised at the presentation last September.

Good luck all holders

[spellbrook] 01/5/2018 18:15

what Fantastic volume we are having giving buyers and sellers the opportunity to leave and join

Thanks for the BOWL chart

[mark10101] 01/5/2018 18:02

A new high without needing any of those trump cards.

[spellbrook] 01/5/2018 17:52

Well that’s a new high....

Results
Updates
Spt
Debt going
Cln going
Drills
Farmout
The Beast GALEOTA
Takeover

[mark10101] 01/5/2018 16:57

Great day, solid close over 25p.

[glennborthwick] 01/5/2018 16:35

wish moneytree would appear with a new negative target. It always seems to do the opposite over the days after.

[wwick] 01/5/2018 16:31

In total I sold 1.5% of my holding. I feel no shame !

[otemple3] 01/5/2018 15:26

Still here and loving the ride (and the relative peace and quiet!) Long way to go IMHO with lots of drivers aside from what I expect to be a continued increase in oil prices....

[phowdo] 01/5/2018 14:34

Still here. Still got mine from 6.5p and a few since pre-suspension days.
Interesting how we've not seen any holdings RNSs recently yet so many shares were sold at 18p+ area. Perhaps someone has been caught a bit offside...

[shrewdmole] 01/5/2018 14:26

I'm still here.

Lots more to come

[bones] 01/5/2018 14:26

Mark, I trust the 1 has a £ in front....