Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 08/5/2018 07:53

With oil above $70, contra mascot MT1 posting we should have a strong start to the week.

[marvelman] 08/5/2018 07:39

For this money tree it appears to be forever autumn

[moneytree1] 08/5/2018 07:20

This doesn't matter. I believe you when you say TRIN goes up of oil goes up and Trin goes up if oil goes down.

[deeppockets] 08/5/2018 07:18

When's the update?

[whiskeyinthejar] 08/5/2018 02:04

Just for fun- comparison of Trinity, Genel and Soco.

Operationally this year, all three have been delivering to management guidance (no big surprises as far as Im aware).

But if Trinity had responded to oil price as well as Genel over last 3 months, it'd be at 35p, if it had Socos performance, we'd be on 15p:



All three are highly profitable and have low costs. All three are oil producers, with not much gas production. None of them have much exploration going on.


But Genel has significant debt and significant political risk, whereas Soco has no debt and little political risk.

Unsurprisingly, though, the difference I think is valuations. Soco,Trinity and Genel will all benefit from increased cashflow from rising oil. However IMO Genel and Trinity shares benefit more because rising oil is the catalyst for their value to be recognised. Soco PE is about 8, Genels is half that. And Socos license on its only producing asset runs out in 8 years so it's value is declining.

If Soco had took on debt and bought a production asset when oil was depressed I think it's share price would be doing better this year. Instead they are still looking, and if they want to buy Trinity or similar they'll have to pay rather more now than last year.

[spellbrook] 07/5/2018 20:09

Should have been debt soon to be paid off, as the growth story unfolds

[bones] 07/5/2018 14:53

Spellbrook, you say "no debt" but you really mean "no net debt" (debt less cash) so you can't say everything drops to the bottom line as TRIN still pays plenty of interest on the CLNs and the govt repayments.The strength we have is the strong oil price enabling good cash flows and therefore the ability to get these debts paid off, first to govt (hopefully cleared by autumn?) then, crucially, the CLNs.

[spellbrook] 07/5/2018 14:16

Bruce is on his yacht in Trinidad thinking those 35p options will buy me an even bigger yacht , lol

[spellbrook] 07/5/2018 14:13

Sitting in Lisbon airport oil looks perky, more TRIn $$$$$$$$$

[spellbrook] 07/5/2018 11:45

With TRINs low cost oil production we enjoy the fruits more than others and with no debt all going on the bottom line.....with such a great, conservative and knowledgeable bod we can enjoy riding this wave

[mark10101] 07/5/2018 07:17

If WTI can hold current gain we will open tomorrow with WTI in the $70’s.

[mark10101] 06/5/2018 09:46

Looking good, wwick.

[spellbrook] 06/5/2018 08:37

Petrotrin needs foreign help

[spellbrook] 05/5/2018 18:37

Ross waves u can ride dont always come along, let’s really enjoy this one

[spellbrook] 05/5/2018 13:41

Ride the wave, TRIn, oil, Galeota...

[wwick] 05/5/2018 12:36

Ross, please expand on the known knowns, I’m interested in what you mean?

[mark10101] 05/5/2018 12:22

Ross spot on, with TRINS tradjectory and favourable oil prices the share price will march to these higher levels. However any sign of a global recession and oil will take a hit as will TRIN. This is where I have been caught out before where all is progressing well on a micro level then a macro events derails it. My feeling is we are in/coming through a relative cooling period but there is more legs in this global recovery yet. The US monetary base has more than quadrupled in the last decade, this may yet to be fully felt.