Trinity Exploration & Pr... Share Discussion Threads

[aimmafia] 30/6/2017 08:20

Looking fantastic this morning..... great buying

[shrewdmole] 30/6/2017 06:33

Mark

I'm bullish on this junior oil play simply because it generates cash at some of the lowest oil prices in the sector.

It's been pulled back on sector sentiment but those not too lazy to do some digging into production costs, historic tax losses and restructured debt can see that every minute Trin is generating free cash and would do even sub $40 a barrel.

Hence my comment a few days ago that if oil drops we could see a surge in interest as fundamentals get scrutinised in more detail within the sector.

Should we get another $10 or $20 increase in oil from this level then it's all bunce so to speak.

Cash pile is growing nicely and will continue to grow and it won't be long before that inflection point is hit where people see that.

My only concern is us being taken out too soon based on both cash to cap value and production costs.

S

[mark10101] 29/6/2017 23:19

Ross, I think it is a possibility but not high probability. I see no reason why it can't and quite a few reason why it can, but more likely in the next 2-4 years than the next 2. No one is predicting so I will :-).

$70 would do us very nicely and we could be there sooner than people think. If you are not bullish ($50+) on oil it is hard to make a case to buy into a junior oiler ATM.

[bones] 29/6/2017 21:36

Good luck with your investment bigdazzler!

[bigdazzler] 29/6/2017 20:48

TRIN is producing cash every minute the cassandras post.
jackthelad529 Jun '17 - 19:16 - 2608 of 2612 1 0
The 8p brigade have already been and gone your 2 weeks too late....oil dropped to $42 and this never got below 10.5p....more chance of seeing 18p than 8p now...nice to see you putting so much emphasis on the news Goldman Sachs is slashing it's oil price forecast cos they always get it right don't they!! Nice try.....




And yes I was one of them. I predicted the around 10p mark when price was much higher and still there is a possibility of around 8p.

However earlier this week I was happy to scale in and go long.

[shrewdmole] 29/6/2017 20:32

Delayed 480k buy after hours.
Someone thinks the bottom is in.

Trim is profitable at very low oil prices so a great bet on an improving price medium term.

[smash_and_grab] 29/6/2017 19:29

Hi Yasx

When you said Crude was to going to go up, it was $45 on 18th June and it tanked to $42 very quickly , and a near 8% decline

How can you say you are accurate in your forecast as per your post 2582? Crude is lower than $45 currently. I would say you were completely wrong.




yasX
18 Jun '17 - 23:56 - 2426 of 2610 0 0
SM,

Within the next fortnight.




yasX
28 Jun '17 - 15:43 - 2582 of 2610 1 0
Oil bounced strongly in recent days as I had earlier forecast...TRIN not yet responded but it will

[pineapple1] 29/6/2017 19:17

What and you think Goldmans free research releases are to benefit those not paying them for their services. And guess what they'll even take the other side of the trade just so you can get out of your position smoothly. How nice of em....dream on son....

[mark10101] 29/6/2017 19:16

I don't think so, I think we have a good few years left before the pyramid collapses, if it does. QE and NIRP could be implemented. I think $150 oil is on the cards in the next two years. That is why I am happy to hold through this blip.

[jackthelad5] 29/6/2017 19:16

The 8p brigade have already been and gone your 2 weeks too late....oil dropped to $42 and this never got below 10.5p....more chance of seeing 18p than 8p now...nice to see you putting so much emphasis on the news Goldman Sachs is slashing it's oil price forecast cos they always get it right don't they!! Nice try.....

[bones] 29/6/2017 19:15

Once the doom mongers start invading, it's a decent signal that a bottom is in.TRIN is producing cash every minute the cassandras post.

[charles ponzi] 29/6/2017 19:05

That's the best case scenario.


Nigeria and Libya will keep pumping more to cover revenue shortfalls. The glut about to get a lot worse.


So there's no much scope from here, you are accepting that. That's a start.


The pyramid is collapsing in front of our eyes.

[mark10101] 29/6/2017 18:43

Time to load up on oil puts if Goldman and saying to go the other way. Even if they are right it is $2.5 higher than now and a sweat spot for TRIN. Thanks for your input ponzi.

[charles ponzi] 29/6/2017 18:31

Goldman has lowered crude prices by $8 today.

Nigeria and Libya are pumping more :(


The pyramid will be collapsing here. Most probably sub 8p shortly.


Goldman Slashes 3-Month Oil Price Forecast By $8.50

By Tsvetana Paraskova - Jun 29, 2017, 9:26 AM CDT
GS
Goldman Sachs is slashing its three-month price forecast for WTI to US$47.50 a barrel from US$55, seeing output gains in Libya and Nigeria as jeopardizing OPEC’s efforts to reduce global inventories, so the cartel may have to cut deeper in order to prop oil prices.

“This threatens to close the window of time for stocks to normalize before OPEC cuts end and raises the concerns that OPEC will then ramp up production to defend market share,” Goldman analysts Damien Courvalin and Jeff Currie said in a report, as quoted by Bloomberg.

Just a week ago, another team o

[jungmana] 29/6/2017 10:29

Been here before you and will be here long after you've made your 20%

[aimmafia] 29/6/2017 10:28

Stop x ramping

[jungmana] 29/6/2017 10:26

Anyway i think is one worth a punt for now especially with lots of drilling happening soon.Gla

[jungmana] 29/6/2017 10:25

Going by official accounts cash pile was $8m in December 2016, $13m in March 2017.

[whiskeyinthejar] 29/6/2017 10:21

TXP debt covenants say they need to maintain cash pile. 5 million I think. Dangerous position because it's loss making so cash will be under pressure. If TXP breaks on its covenants you could see debt holders wiping equity out.

[jungmana] 29/6/2017 10:10

Ross actually TXP s last financial report of 31st March says $13m. So my £2m which I got from money raised in listings is way out.Looks like they should have good healthy cash pile imo

[che7win] 29/6/2017 10:03

I really can't understand why these are not at the highs of this year, bought 40k more a week ago.

I expect 100% gains from here in current oil climate, that cash will keep accruing.

[jungmana] 29/6/2017 09:58

TXP is on my watch list. Will do a lot more digging