Trinity Exploration & Pr... Share Discussion Threads

[jemjem] 13/3/2017 17:55

3dwd.
Thanks for your comments. If you met the company a few weeks ago and "it's all ok" did they confirm that they were proceeding in accordance with their re-admission document and they have hedged a sensible amount of their production (which is in excess of 2600 bod) - at the recent higher levels?

Tia

[3dwd] 13/3/2017 17:02

I am personally relaxed .. it's not a trading stock .. unless u own enough to trade.. I worked with Sam ..he is a good analyst..I also met the company a few weeks ago .. it's all ok and that will be reflected in the stock price...in due course...

[mark10101] 13/3/2017 16:50

Very snaky day, to finish at 15p on trend line is fantastic, could be a very blue day tomorrow.

[astorcourt] 13/3/2017 16:46

closed 15p

[the big fella] 13/3/2017 16:44

Still in auction.

[kaos3] 13/3/2017 15:00

like silver or other natural waves - up - 50 % correction - up again

6 - 18 = 12p move/2 = 6 p correction extrem chance

not that it Will happen at this stock - just my max poss correction limit

[the big fella] 13/3/2017 14:38

I am sure that there are plenty on here that get panicked in to selling on short term price movements. At the end of the day you need to back your research and buy the dips.

[mark10101] 13/3/2017 14:35

Absolutely big fella, have been comfortable on all retraces so far knowing the valuation gap is still there.

[the big fella] 13/3/2017 14:21

I don't think we will see 14p offer. This feels like the bottom of this leg IMHO. On any measure even given the WTI price fall (any hedging discounted)on assets, production or peer comparison they should be doubled the price. Simple.

[trotterstrading] 13/3/2017 13:45

I added today also! Will take more if it dips further

[lexus880] 13/3/2017 12:48

I will be more at 14p

[okuta] 13/3/2017 11:42

The book on TRIN just now Bid 155k @ 14.75 Offer 200k + 15.25 rgds

[the big fella] 13/3/2017 10:41

There are also a few delayed trades not showing yet.

[woodpeckers] 13/3/2017 10:37

Just for info, buys are currently going in the sell column.

[kaos3] 13/3/2017 10:27

ot yas - I asked about oex. halted today. for a good reason imho

[mark10101] 13/3/2017 10:19

Offer raised looks like they only want sells today....

[yasx] 13/3/2017 10:15

I this morning have taken a few more.

[mark10101] 13/3/2017 10:00

Yes seems like people are stepping in now.

[the big fella] 13/3/2017 09:53

Indeed. Had another 150k at 14.95p

[mark10101] 13/3/2017 09:38

Yes profit taking at 18p was always on the cards even when looking up from the 7p relisitng price and seems to be playing out as expected. Combined with WTI it is a welcome cool off. Ultimately MM know they shift a lot more stock when rising the prise so these resets are short sharp and controlled so they can then switch and achieve hugely more volume on the next leg up. I can understand somone selling at 18p, who in there right mind will sell in the 14p's? Very few judging by today volume.

[onedayrodders] 13/3/2017 09:35

Agreed BF ... natural consolidation

Quick O/T in this quiet period

Beautiful breakout at DISTIL PLC (DIS)

Creates brand drinks to be sold to majors ... star performer Red Leg Rum now breaking into the top 10 sellers. Tesco, Sainsbury's and Waitrose supermarkets all now stocking.

Last week it was revealed that Weatherspoons (1000 outlets) are now selling.

Typical sell value of leading spirit brand anything from £50m upwards.

And they have other top 10 brands in the Gin market which has seen a renaissance with exploding sales.

Mkt Cap £10m + change

Follow the RNS's over the last 6 months to get a feel for a potential big winner in the making.

ODR

[the big fella] 13/3/2017 09:28

I think the fall in WTI combined with a bit of profit taking has lead to this retrace. I would be surprised if it fell much further.

[mark10101] 13/3/2017 09:24

LGO 16m MCAP up 15% today due to a new well producing 45 bopd. TRIN is still looking massively undervalued here.

[whiskeyinthejar] 11/3/2017 17:31

Wwick, my comments were about the short term, not economics. Im well aware the world needs oil!

Im also aware of break evens, taxes and possible hedges, but a $5 or $10 fall in wti does cut into trin revenue and sentiment.

A cut in general oil production is exactly what Cramer said he thinks is necessary for oil to bottom.



He also says fall in wti is an opportunity to buy into low cost producers.

So not a return to $30, but a dip to convince shalers to cut back.

Saudi said this week they wont extend their cuts another 6 months to prop up shale. But I don't see shale cooperating in any kind of deal.

So IMO Cramer is right, wti has to fall just a little bit more to get shale to cool the beans with their plans.

And Im not sure rise in fed rates if it happens this week is priced in.

Again, Im talking about the short term, which isn't relevant to long term value.