Trinity Exploration & Pr... Share Discussion Threads

[nocents] 15/12/2018 14:41

Laptop. I support your purchases in word and equal action myself. Whatever the share price does next week it will re-rate to a true value when it is ready. Tiny tiny volume brought it down. Worth knowing.

[nocents] 15/12/2018 14:36

Yes more patience needed. But that’s why Trin is an investment and not a gamble. Plenty of companies to gamble on ...even other onshore Trin companies who are not debt-free!! Oil rarely does stay range-bound for long. Opec has shown it is prepared to set a floor. Now we need to just give the new year time. And when Trin moves ot moves like a rocket . And plenty will have missed the boat . But that’s their problem. Opportunity sots waiting and if people don’t grasp it in spite of IC recommendations and very very detailed multiple brokers’ targets reports (e.g. Cenkos) then it ain’t my business. Lived through threat of insolvency 2014-2016. This is nothing in comparison.Seen Trin shoot from 7-18p in 6 weeks Feb 2017.Down to 10p August. Then to 21p in Oct. Then 15p. Then 28p in May . Well...the company is producing more and is totally without debt. It got to 20p at same WTI price last year with debt repayments. Silly price now yes but it’s everyone’s own business I guess. It seems to take media to convince people sadly. Come on Trin ...recognize this !!! It’s a shame that people rely on media and a shame that Trin do not capitalise on that.People should do own research but that’s just the wayit is. They’re missing out.
I raise a glass to all holders.

[laptop15] 15/12/2018 10:47

Yes i agree nocents, oil prices can change very quickly and lets face it the share price here went up to 28p ish and now its all the way back to sub 13p. The MCAP is now sub £50 million and the year end exit rate is 3000 bopd which is pretty good considering debt debt free and cashed up. Also the low cost and oil hedge will help with the drop in oil price. Was just listening to the H1 presentation again and i have to day its well worth another listen. I will continue adding at these silly prices and am confident the share price will rally back soon enough :))

[mark10101] 15/12/2018 10:43

TRIN are cash rich and despite the companies reluctance to communicate progress and possible new value adding opportunities, which is essential to maintain investor interest/confidence, they appear to be progressing very well. From latest MEEI data TRINTES is producing more than any time since early 2014. Hopefully we still have the full impact of RCP work to be done which started in October. Couple that with the most intensive onshore drilling schedule since TRINS inception, better times can’t be far away.

We were in worse financial shape last year and went from 10p to 26p in less than 6 months. More patience is needed and a hope that oil recovers as the opec cut bites.

[laptop15] 15/12/2018 10:42

https://twitter.com/laptop1515/status/1073888290116378624?s=19

[nocents] 15/12/2018 10:25

Laptop.You hit nail on head. People often buy after the rise and lose the potential. I wouldn’t invest in a company with debt right now no matter how cheap though. “Buy when others are fearful” referred to stable and solid companies ( Warren Buffet). It takes some nerve and it is important to really know your company well I feel. Trin is under tge radar/ oil is not fashionable due to dip/many investors fall for hype and don’t want risk as you say. Very few profitable companies run on no debt like this though... especially at the bottom of the market. And things can turn very quickly either way....$75 in September !! Only here because of Trump and Iran policy and Saudi dipping into reserves in October (500,000 barrels). Congress is majority Democrat from January. He won’t have it all his own way. Saudi and Russia and Opec resisted his calls for supply surge. Give oil 3-6 months and we will see the real picture.

[laptop15] 14/12/2018 22:58

Yes nocents, just took 11500 at 12.64p.....strange that the volume is so low when u consider how cheap the share price is. I guess lots are just scared to buy. But that's how u make money...buy when others of fearful. When it rises to say 15p....lots start buying. Funny old game isn't it...lol

[nocents] 14/12/2018 18:18

Trin taken a very undeserved pounding for no good reason.

[nocents] 14/12/2018 18:17

Laptop. I assume yours was at 12.645p( ?) I’m trying to make sense of the trading today. It was strange. Mine varied between 12.5 and 12.7p. Not all showing.
Some of the trades were at prices unavailable to private traders.

[laptop15] 14/12/2018 15:17

Topped up here again on the dip....surely good returns from this level:))

[nocents] 12/12/2018 19:14

Addendum:-Far less than 13.5p to buy. Fortunately. Roll up....

[mark10101] 12/12/2018 09:31

Massive US inventory API draw last night before the cuts come into effect. Massive cut to be implemented by Opec +, Sterling falling and TRIN is US $ denominated. Drilling progressing, T&T reform progressing. 13.5p to buy.....

[mark10101] 11/12/2018 15:11

Strength building, maybe a blue finish. For those who have missed ST Investors Chronicle buy recommendations. In the header there are other articles for people doing their research.

[nocents] 11/12/2018 13:27

AA. Well done. Me too !! Someone else was in with 150k shares at 13.42 as well. Not a private punter.

[ariel yhwh] 11/12/2018 13:09

Count me in for a few more.

[laptop15] 11/12/2018 13:06

Cheers nocents, yes production increase should show up after the workovers/drilling so next quarter should be good

[nocents] 11/12/2018 12:49

No news in Dec. Unless unexpected. E.g acquisitio / tax change etc.
Q4 results mid-Jan. 3000+ bopd with 2 new wells spudded in Dec I believe which should add more. First half Q4 oil avove $70. Latter half dived of course. Mixed bag of results. Should be solid enough though with increasing bopd.

[laptop15] 11/12/2018 12:09

Cheers for the help guys, I've been watching TRIN for a while now and it seems to be in a very good position. Also I like the chart, looks very undervalued as you say. I was told to buy around 15p last time and regreted missing that opportunity as it went to the high 20s. Just took my first buy now 25,000 just under 13p. Looks good risk reward at this level. What news is due guys in December/January??

[mark10101] 11/12/2018 11:14

A buying opportunity perhaps Laptop15? Currently there a very few sellers as we also believe this is a price that represent substantial value, however in the current climate there are fewer buyers (ATM which could change very quickly).

I personally believe oil has more surprises to come in a short period of time, I don't think the market appreciates the October baseline set by OPEC. Effectively leading to much bigger cuts than the headline figure of 1.2m to keep the peace with Trump. There may still be a little bit more of the November oil sloshing around the seas but once this is taken off the market the reality of the new production levels will start to bite.

[laptop15] 11/12/2018 09:18

Why the low share price here guys?? Company lools to he turning the corner. Maybe it's just oil and the markets. What's the opec per barrel here guys??

[mark10101] 10/12/2018 09:22

T&T moving forward and with TRINS cash in the bank and with the new appointment we have to hope TRIN can participate in a resurgent T&T oil industry.

[oilandgas1] 09/12/2018 20:53

Hmmm . Brexit .. parliament vote to fail.. gov might fall but referendum is coming .. if a general election then referendum will still follow .. hard brexit or remain in Europe..

[nocents] 09/12/2018 19:55

Oiland gas. I hope so. The world needs it. We need it. Stuff Trump and “America First”. His chief of staff resigned yesterday. No. 73 to leave. His modus operandi does not work. It’s too rigid and aggressive. Oil is the life-blood of energy and economies. The world comes first...not America. Supply needs to drop and demand will continue anyway. Short-term manipulation has just invited cynicism. $70 Q1? Maybe.No idea. We’re certainly not in an oil bear market anyway. As Mark 101 says...oil rarely stays still for long and ranges $10 either way regularly. We need to see Trump’s ignorant heavy-handed amorality teined in. Other countries just as bad ( Saudi/Russia/Turkey/Iran etc etc add many more) but his influence needs to be addressed and weakened. New Democratic majority Congress in January is a good start.
Oil will stabilise when his games and information manipulation are both hindered. Let’s see if shale keeps growing too or if it it just a figure-massaging game. Same for inventories...winter is ‘a coming.
Last one was huge. Can’t hide them for long by shifting reserves. Refineries back up and running now too. Cold winter so far. Isolationism does not work. 1920’s proved it. It alienates. Just like hos colleagues it seems.
The Placing was good. Cash hoid. Profit sound. Bopd growing. Upward trend for WTI now.
Last 2 months been hard.
But few better places to invest or hold investment. Libya..Venezuela....Iran...wild supply cards that could cause spike upwards.