Trinity Exploration & Pr... Share Discussion Threads

[wwick] 10/5/2018 07:18

Looks at Average realised oil price1 (USD/bbl) 48.6 and think about what that will be for 2018!!!!

[deeppockets] 10/5/2018 07:12

All on track. Plenty of cash to pay off debt now and making $1m per month

[bountyhunter] 10/5/2018 07:12

a very encouraging set of results including a healthy cash balance at year end and repayment of debt

[spellbrook] 10/5/2018 06:58

Oil Climbs Further Amid Mideast Flare-Upgrades

By Biman Mukherji

--Oil futures climbed to fresh 3 1/2-year highs in Asian trading Thursday following military action in Syria and the Arabian peninsula involving Iran or forces backed by the country.

--June light, sweet crude on the New York Mercantile Exchange was recently up 0.8% at $71.73 a barrel in the Globex trading session. July Brent rose 0.7% to $77.78.

--Israel's military carried out strikes against Iranian targets in Syria after it said Iranian forces based there fired rockets at its soldiers in the Golan Heights. Separately, Iran-backed Houthi rebels in Yemen fired a barrage of missiles into Saudi Arabia on Wednesday.

--Worries about Iran, including its nuclear deal with major world powers, have been key to oil's recent rally to late-2014 levels.

[mount teide] 10/5/2018 01:35

Funds bet on $150 oil as Trump blunders into Middle-East battlefield by rejecting Iran deal



'Donald Trump could scarcely have chosen a more treacherous economic moment to tear up the “decaying and rotten deal” with Iran. The world crude market is already tightening very fast.

Joint production curbs by Opec and Russia have cleared the four-year glut of oil. There is no longer an ample safety buffer against supply shocks. The geopolitical "premium" on prices has returned.

The Maduro regime in Venezuela is in its last agonies. The country’s oil industry is imploding as spare parts run out, taking 700,000 barrels a day (b/d) off the global market over the last year.

North America has hit an infrastructure crunch. There are not yet enough pipelines to keep pace with shale oil output from the Permian Basin of West Texas, and it is much the same story in the Alberta tar sands.

The prospect of losing a chunk of Iranian oil exports would not have mattered much a year ago. It certainly matters now. It is the confluence of simmering political crises in so many places – including Libya – that has driven Brent crude to $77 a barrel, up 60pc since last June.

"We believe an oil price shock is looming as early as 2019 as several elements combine to form a ‘perfect storm’," said Westbeck Capital. It predicts $100 crude in short order, with $150 coming into sight as the world faces a crunch all too reminiscent of July 2008.

The fund warns that the investment collapse since 2014 is about to deliver its inevitable sting. Declining fields are not being replaced. Output from conventional projects has until now been rising but the cycle will turn this year and production will fall precipitously by 1.5m b/d in 2019. By then global spare capacity will be down to a lethally thin 1pc. US shale cannot plug the full gap. "The mantra after 2014 of 'lower for longer' has lulled oil analysts into a torpor," it said.'

[bountyhunter] 09/5/2018 21:10

we had the summer last weekend ;)

[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.