Trinity Exploration & Pr... Share Discussion Threads

[darola] 22/5/2018 17:27

I'm also long on SDX, so no worries for me on location. Also going to Egypt on holiday next February!

[darola] 22/5/2018 17:25

I think that's changed - SDX has a big following and nobody there seems concerned. And given the buying volume coming in to TGL on TSX and Nasdaq (TGA) nobody over the pond seems concerned. But does geopolitical risk, compared to TRIN, really account for only a 50% higher MC when production is 500% higher? As I say I'm long in both, but think TGL has much more upside

[acsatix] 22/5/2018 17:20

maybe you have to consider Egypt may be less stable than TT?

[darola] 22/5/2018 16:46

I've mentioned TSX.TGL on here before, it's has now confirmed that it will dual list on AIM towards the end of June. It's producing 15k bopd in Egypt (80% - same operating area as SDX) and Canada (20%). Its a great turnaround off the back of rising oil. It's heavily paying down debt, optimised it's delivery model (including new shipping contracts) and is expected to announce a dividend later this year off a growing cash pile. share price has just pushed through $3 - strong steady rise for a few weeks now - but still only has an MC of circa £110m. Compare that to TRIN 3k bopd and a £72m MC. I'm long in both TRIN and TGL. I have high hopes for both.

[mark10101] 22/5/2018 16:44

Yet another UT, looks like they have work to be done still.

[astorcourt] 22/5/2018 16:03

good volume today, hopefully an institution with a large buy order to fill.

[astorcourt] 22/5/2018 15:35

looks like a big seller offloading in 100k chunks, getting soaked up nicely

[spellbrook] 22/5/2018 14:49

looking good here

[bones] 22/5/2018 14:36

I'm still here MT!

Skimmed a little at 24p to have some excess cash available for an open offer on one of my larger holdings (AOR) but TRIN is still my 2nd biggest holding overall so every move up in TRIN is a Brucie bonus.

[mount teide] 22/5/2018 14:30

S/P rises 8.9% intraday and we have the grand total of just two posts today - think its safe to say the hot money has left, leaving the serious returns to those with an investment outlook longer than the life cycle of a mayfly!

[mark10101] 22/5/2018 13:13

Moving quick now, I personaly think the recent run still has a way to go. I think somone was trying to build a position around the 24p area for the last few weeks hence the move down but solid feel to the share price.

[wwick] 22/5/2018 10:38

This has looked solid for a few days and now ready for a move up, helped by our friend $WTI

[mount teide] 18/5/2018 22:58

Venezuela is imploding - latest figures have oil production down below 1.4m b/d, annual inflation running at an eyewatering 14,000% and GDP is expected to fall by double digits for the third straight year.

The average Venezuelan lost 11 kg in 2017 - nearly two stone. Over 90% now live below the poverty line. The Venezuelan bolivar has lost 99% of its value in three years, while the government has already raised the minimum wage three times in 2018 - in real terms it equates to just $3.13 per month.

Yet, an ever smiling President Maduro on the campaign trail still has more chins than a Chinese telephone directory - so in true socialist style he's obviously not suffering like his 'people'.

The former bus driver's obese appearance and demented rants of 'we're all in this together' will be difficult to swallow for most of the electorate this weekend - not that it will concern Maduro and his election riggers!

Further US sanctions on the leadership and the Nation's imploding oil industry which still generates 95% percent of its export earnings, looks a racing certainty following the elections - which are likely to confirm the Nation is well on track to continue his political project, of driving Venezuela deeper into a socialist one-party state isolated from the world.

Apparently, William Hill have stopped taking bets on Corbyn being the first foreign politician to phone to congratulate him on his re-election victory!

[acsatix] 18/5/2018 20:25

seems like a nice volume today... good for accumulation at these prices that will support the next leg up.

[mark10101] 18/5/2018 14:42

SM, yes. TRIN is looking solid, oil looking solid, more sitting on hands and watching. The next 12 months is what I have been waiting for for quite a few years. The fun part has not started yet.

[shrewdmole] 18/5/2018 14:23

Good share price support and buyers look to have returned.

[marvelman] 18/5/2018 09:29

With respect Whiskey I could never do any better research than is done by yourself and other notable posters on this thread...I am very grateful for that..regards

[whiskeyinthejar] 18/5/2018 08:42

Obviously DYOR, but numbers in header include SPT, costs including G&A. So we're on a PE of about 5.

[marvelman] 18/5/2018 08:06

Thank you Whiskey...

[whiskeyinthejar] 18/5/2018 07:54

marvel, it's assessed quarterly. All the oil for that quarter is liable to SPT if price averages above $50. Trinity paid $1.5m SPT tax for Q4 2017.

[marvelman] 18/5/2018 07:36

Could someone clarify as I cannot find this anywhere....does SPT @ 22% kick in at 50 dollars for all above that number or does it then charge all production from zero upwards i.e retrospective

[oilandgas1] 17/5/2018 17:30

Trin are generating 3.45m pcm FCF (2881bopd at 28.2$pb OPEX.. so say $40pb less g&a, with capex at 5-7m, covered for in may and jun18, but probably not being paid until later.

FCF 2.6m pcm at $60 WTI
FCF 3.6m pcm at $70 WTI

This should be 30p in Jun18