Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 31/1/2019 07:58

Change is coming to T&T and that article hints on several fronts. Just wish they would get on with it as every day they delay they delay the benefits to T&T and their operators.

[mark10101] 31/1/2019 07:32

Yes I have been pondering the implications to T&T since the sanctions, we know our oil achieves a premium to WTI in certain conditions. Our heavier oil may be very attractive/crucial for US refiners.

[spellbrook] 31/1/2019 07:23

Maybe a joint partner for TRIN

[nocents] 30/1/2019 18:33

Mark 101. Well said. 200,000 bopd lower profuction and 1.1m storage draw with much more to come should add to Opec+ 12m est. cut and Venezuela downturn.Probably March when the supply/demand reality will become evident. Just in time for April FY update!
Oil is consolidating at ever higher levels . Trin share price will respond when people realize the distinct undervaluation and business stability of a debt-free low cost low b/even profit-maker. When oil becomes fashionable again!

[mark10101] 30/1/2019 16:20

Lex, I was talking about oil, which is rocketing. If we close anywhere around this level oil should motor on up to $60 and beyond. TRIN will follow.

[lexus880] 30/1/2019 15:50

take a look at the share price markets flying today

[spellbrook] 30/1/2019 15:48

In distillate fuels, the EIA reported a 1.1-million-barrels inventory decline and average daily production of 5 million barrels, versus 5.2 million bpd a week earlier.

[lexus880] 30/1/2019 15:27

its really not like is it??

[mark10101] 30/1/2019 10:31

Oil perfectly poised for the next leg up from a technical point of view, throw in some positive fundamentals the traders can latch onto and I expect the rise in February to be as steep as the decline in November.

[spellbrook] 30/1/2019 10:08

Malcys words

Oil price
Oil rallied yesterday, trade talks between the USA and China resume today amid a growing feeling that something may be done, indeed Mnuchin actually said ‘anything is possible’. On the Venezuela front the increased sanctions on PDVSA will do harm and also to US refiners who are dependent on whatever crude that they can get from the country.

Finally the weather is very cold in the US and expect to see some alteration in product levels, the API stats showed a much smaller crude build than expected but also modest increases in gasoline and distillates. EIA numbers tonight will firm up the situation.

[spellbrook] 29/1/2019 22:37

The American Petroleum Institute (API) reported a crude oil inventory build of 2.098 million barrels for the week ending Jan 25, compared to analyst expectations that we would see a much larger buildup in crude oil inventories to the tune of 7.97 million barrels.

[mark10101] 29/1/2019 14:39

Nice retest of $60 brent yesterday hopefully clears the way for the next leg up in oil.

[nocents] 26/1/2019 19:37

Never said otherwise. Don’t think Trump is only one with issues evidently.
My comment was perfectly valid and referred to the artificially induced oil-glut in October. Problem with that?

[lexus880] 26/1/2019 13:50

nocents: Predictable. Trump dug own grave.

explain?

Unlike all politicians, the elected President of the USA has and is still attempting to fulfill his election promise to the people that voted for him, just like this Country the establishment(deep throat)(the swamp) do not want to allow the will of the people to materialize as far as the establishment are concerned the people are dump, uneducated, foolish, not capable of making important decisions do not know what they are voting for. The UK has its own swamp of underworked, under committed overpaid politicians and bureaucrats.

[spellbrook] 26/1/2019 07:54

The old chestnut

When, if , maybe

[mark10101] 25/1/2019 09:09

$90 WTI coming before the end of the year IMHO

"It’s Terrible Out There": Lack Of Greater Shale Fools Leaves Private Equity In A Bidless Panic

[nocents] 25/1/2019 08:26

Predictable. Trump dug own grave.

[nocents] 24/1/2019 16:02

Well said Mark. My post was a response to the ridiculous undervaluation. It was almost a clarion-call to investors to realize that when Trin is properly valued it will happen violently and will be too late to buy cheap then.
When Trin rises it flies. Miss the boat and you’re stuck.
That’s why I am here . 5 yrs has taught me much too.
Buy when cheap and unloved....not after the party. And buy well-run companies with good balance sheests and prospects. Then let the market do what it does. Arrival after the revaluation is pointless. DYOR and then carpe cheap while u can (Romans didn’t have shares)

[mark10101] 24/1/2019 10:18

I personally think the Dec 24th was the TEST for long term holders. A flush out like that clears the way for much higher prices. Today may be the last day you can buy around the placing price. By summer we may be challenging some of those broker targets and looking back at those December lows.

As I have always stated I am holding for a day where new investors get carried away with TRINS true potential. I have always seen that as a price north of £150m MCAP. Remember we were at £160M MCAP with 3800bopd production and $40m of debt after a failed drill. We are in far better shape now. Granted WTI was nearly twice the current level but I have a view that will come this year also. The Saudis cut more than needed. They only needed to wind back what was pushed onto the market pre Iran sanctions waiver. They went much deeper as they wanted to adjust the market quicker.

Hang in there Nocents, as BH states investors would be hard pushed to find a small cap oiler better positioned.

[nocents] 24/1/2019 09:41

It is my wholly unsubstantiated conspiracy theory that the market would like us to sell out shares at rock-bottom prices. Hence long drawn-out undervaluation. Moon-landing comes next. So I may be wrong. But the behaviour of Trin over the years is often not just based on buy/ sell trades or volume or WTI ( which do affect share price of course).
But we long-termers know that rocketing share price is often wholly random and when the market makers choose to for their own reasons.
Might very partially explain undervaluation. Well-known market ploy that goes back to Great Depression and is one of many strategies. Bore us into selling!

[bountyhunter] 24/1/2019 08:24

Market cap of this company seems very low cf fundamentals and prospects to grow production.

[bountyhunter] 24/1/2019 08:22

Certainly this is one of only a few small cap O&G companies in that position. Market cap seems ridiculously low vs fundamentals!

[spellbrook] 24/1/2019 07:34

2019


Bruce Dingwall Trinity Exploration #TRIN Executive Chairman: We are in an extremely strong position entering 2019 with increasing levels of profitable production, healthy cash balance, no debt, strong cash flow generation and a portfolio operating break-even of below US$30/bbl