Trinity Exploration & Pr... Share Discussion Threads

[sleveen] 20/12/2018 18:03

LW425

Wrong thread mate, try the TXP board; with all that debt, bums is squeaking.

[nocents] 20/12/2018 17:44

Is a good sign re.value however...I agree.
Best not to feed though.

[nocents] 20/12/2018 17:42

Typo:- bridge

[nocents] 20/12/2018 17:42

Well said! Don’t feed trolls. Makes them bigger ( with self-importance) until they crawl back under the bridhe. Plonker is a euphemism. I have better words. Don’t engage. Just ignore worthless “post”.

[marvelman] 20/12/2018 17:05

Good description of that poster Mark. On basis does the plonker have to discuss...his contribution to the "discussion" is "8p yes 8p". Unfortunately there will be more of his ilk coming from underneath their stones but we are well used to them by now.

[mark10101] 20/12/2018 16:58

Great news the bottom sniffer has arrived. Each time LW425 has posted a significant rally has proceeded. Last post was post placing saying 10p was fair value we rallied to 21p.

What makes you so bullish saying 8p now when you said 10p at $70 WTI. Come on really scare us with 3p or 4p!

[lw425] 20/12/2018 16:18

8p.

Yes 8p.

That's my 2019 target price for these shares.

Discuss!

[nocents] 19/12/2018 19:43

Yup. A ridiculously sensible idea and the best reason to hold. We will come godd..I doubt it not at all.

[marvelman] 19/12/2018 19:24

Good post nocents...be sure I was trying to be ironic too although I may have been a little too subtle. There seems to have been a particular downer today on T & T oilers but I am sticking to this one for the ridiculous idea that because it is debt free with a nice bank balance it will whether the current oil price anomaly and come out of it where other oilers do not.

[nocents] 19/12/2018 14:13

No. Wise words.

[marvelman] 19/12/2018 10:48

People selling at these prices must be selling at a loss and I am at a loss to justify it. We appear to be bumping along the bottom now....famous last words?

[mark10101] 18/12/2018 16:59

Strap yourselves in if this is correct!

[nocents] 17/12/2018 18:12

I see so many people sell at the bottom too. It’s their right to do what they want. And justified if this was an Afren/ Ami /Circle etc. It’s a shame though. Because it isn’t. It’s a phase brought about by external factors. Production/profit/assets. What is there not to like about Trin !( as another noted poster always says)

[nocents] 17/12/2018 18:06

Pfoot. Spot on. Derisked. I never understand why people buy after ther recoveries. The shares to biy in uncertain times are the stable low-debt assured-profit ons. The time to buy is on the lows- these derisked companies only. ( unless you are a gambler and willing to risk all). This is no mini-Carillion. The times to buy were Jan 2017 at 7p.It went to 19p in Feb.August at 9.8p-it went to 21p in Oct. Now at 12.7p and debt-free. So many people buy after the recoveries.
Credit to you and other private investors who have the nouse to recognise the bargain-times. Astounding really....I recommend Simon Thomson’s IC article 18th Nov ( 4 weeks ago) written after the drop! And Cenkos analysts long report from October. Detailed and highly encouraging.
Look before you leap but he who hesitates loses out. Watch the hords arrive when oil recovers.

[laptop15] 17/12/2018 17:46

Well done pink foot, nice buy today. It is crazy cheap and considering all whats happening in Q1, lots will jump in soon imo. Production rising, be interesting to see what the exit rate is going to be.

[pinkfoot2] 17/12/2018 15:57

That’s why Im in-this is way too cheap and derisked because of the much criticised placing which now looks like a superb move.

I will be buying a whole lot more at this level-just waiting for a few other things to settle

[nocents] 17/12/2018 12:08

Pinkfoot. As the world’s equal logest Trin-holder I support your purchase. And tge buying of more. Knowing this company as I do and grappling with the oil information manipulation by the Trumpy crew ...I think you can’t go wrong. This should be at 18-20p right now even in this downbeat oil market. Real ( risked or not) NAV between 38 and 42p. When Saudi cuts bite ( they are now cutting exports to the US by a v. large amount too) then Trump will have to go back on Iran completely ( foolish u-turn) or give up his delusional omnipotence.
The rest of the world needs $60-80 WTI. More for Brent. Ok maybe not this year. But Saudi’s attempt to rebalance supply/demand is done in order to give oil a floor and let it recover .$ 51 is not enough for their GDP nor any other country ..included are the deluded. Shale will struggle after 4-6 weeks. Permian Badin may get by but that’s about it. Why does Trump lose so many advisors? Because he is not willing to have new parts of the jigsaw shown to him. He has to be forced to backtrack. As with Putin but the latter is a wily fox.Trump is a rhino.
Trin will recover and no better time to buy. MM I did too. Same prices as you. Like PF ....well over 150k. I don’t normally tell about my trades but feel it is important to show solidarity and not B..Sh... I need the Irish Mist now too.

[marvelman] 17/12/2018 11:01

Nice one indeed Pinkfoot

[pinkfoot2] 17/12/2018 10:55

100k was me-will be buying more

[marvelman] 17/12/2018 10:33

Bought 20,000 on Friday @12.5 and 15,000 today @12.74. Very much underwater here currently but not prepared to give in to the lemmings sinking the share price ..another few Irish Mists tonight will help ease the pain...aint that right nocents

[mark10101] 17/12/2018 10:28

Oil looking firmer, the tightening that just occurred will be felt soon. Time will tell if my view of them cutting too hard is true or not. I am certainly happy not to have been shaken out of TRIN, risk reward at these level very enticing and long term holders have to view TRIN as new buyers will.