Trinity Exploration & Pr... Share Discussion Threads

[mdw1] 28/10/2015 16:07

Yes Ross, WTI is certainly having a good day; let's hope Trinity follows its lead......

[esmerelda] 28/10/2015 10:25

That's how I see it as well which should be good news for shareholders in the medium term.

[mdw1] 28/10/2015 09:39

Preparing the business for sale is how I view this; Monty going, sale of onshore assets and now a resolution to the senior debt being sorted all points to a clearing of the way for a potential bidder.

[tobytime73] 28/10/2015 08:36

o/t ENQ looks a better bet after this mornings RNS

also nice to see Baronday taken £100K in ENQ this morning

Baron Day Trading ‏@barondaytrading 2 mins2 minutes ago
#ENQ : ENQUEST - Taken £100K on first oil sales at Alma/Galia first oil. Will add to position later if needs be later.
2 retweets 1 favourite

[treetop91] 28/10/2015 08:36

The market for oil will have had a massive impact on Trinity but has this been the only factor ? How much has the management ability failed to adjust to the new market conditions and if senior personnel leave will that be a change for the better or a sign of rats leaving the sinking ship ?

[mark10101] 28/10/2015 07:25

As we discussed yesterday as shareholders Monty's commitment to the employees has been disastrous, the last week has shown a significant turn around for TRIN that is not fully price in by the market yet.

[mdw1] 27/10/2015 17:54

Leaves plenty of time to get a deal done......

[dougstewart] 27/10/2015 17:50

rns out - Debt Repayment principal extended till 6th Nov

[mark10101] 27/10/2015 14:10

Alex, wish I could, this mornings offer was a gift, good day today and hopefully we will strengthen into the end of the week.

[alexp6] 27/10/2015 13:15

@Mark agreed some the risk has been removed imo, have been accumulating heavily today. Concentrating on genl now.

[mark10101] 27/10/2015 12:26

Yes, the iPad seems particularly keen to make decisions for you. I prefer the underlining and choice of corrections.

[mark10101] 27/10/2015 11:42

Yes, wish I had kept some powder dry to accumulate at this level, given last weeks RNS a lot of risk has been removed, the traders may be exiting but there should still be better times ahead.

[mark10101] 27/10/2015 10:21

Interesting how his resignation has come so soon after Segals 10%, wonder if they had any involvement. Certainly could be the turning point for TRIN that the market so far has not recognised.

[alexp6] 27/10/2015 09:29

Keep your eyes on cnc3tv website. Judy Kanhai should be doing a piece on Monty's resignation.

[mark10101] 27/10/2015 08:59

I get the feeling that Monty's connections with the TRIN government (one I always saw as a benefit when we were trying to get finance for the gas project but never materialised) may have led to our situation of over employment and why he has not acted in the shareholders interest. Yesterday news I took as a huge possitive and like you expect news very shortly.

[lazarus2010] 26/10/2015 15:38

Guys, I doubt TXP will take on any of the Trin resources to manage these assets as they already have them in place at their own fields as TXP have assets adjacent to all of the Trin assets and this is where I would expect TXP to be able to make the necessary cost savings in order to make the deal worthwhile.

TXP will have close to 3000boepd production, effectively double what they have now, and therefore will almost half their opex costs per boepd. While the Trin share price has increased substantially, TXP has yet to move up and in fact it is down a little since the announcement. This is basically due, as noted on here on the bb, Trin was more or less priced for bankruptcy due to their debt, so a hefty rise was to be expected now it is clear this immediate payment can be cleared.

Good luck with Trin, I hope it multibags for you all and some of the profits can be spread around other o&g stocks such as TXP which are clearly undervalued

[hope67] 26/10/2015 13:49

Snippet on iii

Looks that Malcy is also getting optimistic now:

"Its been a busy week for Trinity what with the sale of its onshore interests to Touchstone and now the reorganisation of the board. The market heaved a huge sigh of relief with the sale, there had been so many extensions of the debt that the market was fearing the worst, as it was the shares doubled on the news. Today the company announce that Monty Pemberton has resigned as CEO with effect from the end of this year and that Bruce Dingwall will return as Executive Chairman. As the ‘forward focus’ is to be on the company’s offshore acreage and a further serious cutting of costs can be expected much is to be done, but my optimism, though tempered, may be reinstated. I look forward to catching up with Bruce again in the not too distant future."