Trinity Exploration & Pr... Share Discussion Threads

[spellbrook] 10/5/2018 09:33

You just know the next results are going to be even better.

[mark10101] 10/5/2018 09:32

Yes looking strong again, 26.1-27p, like you have always said Ross results underpinning the current share price is what should interest us the most and I believe they do in spades.

[moneytree1] 10/5/2018 08:54

did I read the word spike?

[mark10101] 10/5/2018 08:52

I can see why traders expecting a rocket from the results may be selling out but as a long term holder TRIN is steady and solid. Oil alone ($71.5) is enough to sustain TRINS share growth. However we do know there are a number of catalyst that could come at any time.

I prefer a drop out of the blocks on result as spike rarely last past 8:30, likewise a fall flushing out short term traders can be replaced as the day progresses building strength.

[deeppockets] 10/5/2018 08:43

Definitely still holding. All on track with the normal growth but news from Galeota could be catalyst for next major push.

[melody9999] 10/5/2018 08:39

Well I'm holding tight. We had 1 day recently when the share price fell by this amount only to rise the next day and then go higher.

[mark10101] 10/5/2018 08:34

Interesting response from the MM and sellers, only 200k traded, looks to me they are hoping for shares from traders expecting more from these very solid, but as Ross states, largely uneventful results in terms of Big Bang (although I do like the increase in the onshore reserves given it is the linchpin to our finically stability).

Maybe other news to come today.

[darola] 10/5/2018 08:33

Usual AIM sell on news, hopefully get a strong bounce.

[wwick] 10/5/2018 08:25

Those people who say "hardly unexpected" with hindsight 😕

[wwick] 10/5/2018 08:18

Trinity released its FY17 results this morning. Most of the key financials had already been announced in its March trading statement, and 2018 guidance remains unchanged. However, we increase our RENAV from 33p to 35p to reflect strong onshore reserves growth. We remain with our BUY recommendation given the potential for certain overhangs to be removed in 2018 and more confidence around cash flow given strong oil prices YTD.

[wwick] 10/5/2018 08:04

increase in Onshore 2P reserves by 45% to 5.78 mmstb (2016: 3.98 mmstb). That's magic!

[spellbrook] 10/5/2018 07:37

Mark, we’re approaching $72 can we see the numbers to $80

[shrewdmole] 10/5/2018 07:37

I believe they are in London this month?

[uapatel] 10/5/2018 07:36

Well, all looking very promising indeed.

Glad to see clear statements on debt clearance and especially the CLN redemption.
Nice upgrade in the reserves to boot.

WTI @ 71.7USD hopefully we will see further re-rating in the share price

Good luck all holders

[astorcourt] 10/5/2018 07:32

A few city presentations will go down well.

[spellbrook] 10/5/2018 07:31

The Company continues to explore various options to strengthen its balance sheet further during 2018, with the intention of i) repaying the remaining amounts due to the BIR and MEEI; ii) redemption of the CLNs, and iii) accelerating the possibility of further Onshore drilling

[mark10101] 10/5/2018 07:28

I like this statement.

“Trinity's aim is to position itself as the leading independent producer in T&T and on the Alternative Investment Market ("AIM"). To achieve this, our strategy is simple; to retain the integrity of the core producing proved and probable ("2P") reserves base, to continue to grow production safely and efficiently to deliver profitable returns and to prudently convert our significant contingent ("2C") resources to 2P reserves and future inventory.”

[astorcourt] 10/5/2018 07:26

Trinites and galetoa progressing well.

[mark10101] 10/5/2018 07:25

SM good summary, great to see reserves increaseing while we have drawn what we have.