Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 09/5/2018 21:08

Goldman: Oil Prices To Hit $82.50 By The Summer

[otemple3] 09/5/2018 14:07

Hi GO, thanks for adding that. You're a starAgree the capex plans are something we can all speculate on but only the bod will know. Not a big share prophets fan but any positive publicity is welcome....

[whiskeyinthejar] 09/5/2018 13:16

Shareprophets ,

Hello, Share Turners. As the Iranian question continues to dominate world news, the possibility of tougher US sanctions keeps the price of Brent crude spiralling upwards. Which is keeping the Footsie and the Dow buoyant, too. Good for share shifters like us, but sadly, bad for world peace.

All the very big oilers are forging ahead on this fact, but even some of the minnows are putting on generous weight. Seven weeks ago I brought your attention to Trinity Exploration & Production (TRIN). I think I attracted criticism for the choice on this illustrious website.

So I’m happy to report that the share has risen by about 60% since then. However, I don’t think it's too late to hop aboard. And Trinity, a classic recovery play, has a long way to go to come even close to previous values. In 2014, the shares were about 160p. Then came the fabled oil crash and when I commended them they were only 18p. Today they are 28p.

You can expect to be on to a good thing when your company’s three-monthly chart looks like the rising slopes of Kilimanjaro.

During the days when oil was a heck of a lot more of a price than today, most oilers, big and small, had wacking great expenses that could be cut. Nearly all of them are a lot leaner and fitter now. And that goes for Trinity. It operates in the Caribbean so is not bothered by escalating tensions in the Middle East. It operates 40 wells and has the rights to drill many more.

The last set of results in April showed a strong cash balance of $12.2 million and the company on the right track, as is the rising price of oil, so I continue to expect further shares gains for the rest of the year.

When I’m not in the Punter’s Return.

[spellbrook] 09/5/2018 12:59

Trinity & Walbrook just tweeting the Shareprophets link

[spellbrook] 09/5/2018 11:28

Oil is Big Business in the West Indies. And this Recovering Oil Play Could Have Even More Scope to Rise

By Malcolm Stacey | Wednesday 9 May 2018

[otemple3] 09/5/2018 09:17

Thanks Mark, it is normally what I focus on rather than pe ratio, although tbf I have yet to find a valuation metric with Trin that doesn't put a smile on my face!Think the next 12-18 months will be extremely prosperous as all the pieces finally start coming together. Happy long term holder :-)

[mark10101] 09/5/2018 09:07

Ote3, I will look into it, should look pretty attractive at $70 oil.

[mark10101] 09/5/2018 09:05

SM, yes some bullish draws.

API

Crude -1.85mm (+1mm exp)

Cushing +1.653m

Gasoline -2.055mm

Distillates -6.674mm - biggest draw since 2004

[shrewdmole] 09/5/2018 08:56

Mark

I assume there was another draw?

S

[otemple3] 09/5/2018 08:47

Mark, is it possible to put the modelled fcf alongside the pe ratio too?

[mark10101] 09/5/2018 08:43

I think oil is moving up as much on the API data last night as the Iran deal.

Draw back is myself and GO are going to have to update the numbers in the header again as we will soon be out of the upper range.

[mdw1] 09/5/2018 08:01

Oil moving up again

[spellbrook] 09/5/2018 07:32

Our west coast asset has certainly increased in value with the current oil price

[spellbrook] 08/5/2018 21:21

The removal of Iranian barrels of crude from the market could cause a tightening of demand balance and send prices higher, especially in addition to the potential supply losses from geopolitical risks stemming from Venezuela, as well as Iraq," according to Ehsan Khoman, head of research for the Middle East at MUFG Bank, Ltd.

[spellbrook] 08/5/2018 20:28

Iran deal: Donald Trump withdraws US from nuclear agreement

[whiskeyinthejar] 08/5/2018 19:31

So there you go. Trump withdraws from nuke deal. Announces "maximum sanctions".

[whiskeyinthejar] 08/5/2018 19:03

Live Stream of Trump Iran deal announcement ...starting 7pm/soon.

[mark10101] 08/5/2018 10:15

There may be a decent pop soon, the chart looks fantastic.