Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 27/7/2017 19:44

LAW425 at $65 things are still very compelling for TRIN, I think even $65 would see us in the 30p range without any increase in production or 2p reserve upgrade or new government tax reigime. The mid $50's should see us push into the 20's so if we are wrong still should be a good 6 months. Like you I think the market has misjudged the cuts and their ability to change the market balance.

[the big fella] 27/7/2017 19:40

Yet folk still sell. Hey ho

[the big fella] 27/7/2017 19:40

Yet folk still sell. Hey ho

[lw425] 27/7/2017 17:54

We could see 9 months now of draws on the weekly crude stats taking us into the spring of 2018.

I wouldn't rule out $65 WTI end December.

The effect on small cap, profitable producers will of course be leveraged to the upside.

[mark10101] 27/7/2017 17:36

Oil pushing on now, let's hope it breaks the down trend in the coming weeks, then the door is open to the $70's I am hoping for.

[astorcourt] 27/7/2017 14:20

15p my guess

[lw425] 27/7/2017 11:40

WTI nearly $49

Just as a general thought....... we could be knocking at $55 WTI by end August if the large draws continue.

What price TRIN then?

[shrewdmole] 27/7/2017 11:02

Someone very happy to soak up stock at these levels.

[alibx11] 26/7/2017 15:26

FWIW I just took another 20k.

[guyswonga74] 26/7/2017 13:58

Now gone NT to buy in bulk

[mo2550] 26/7/2017 13:58

Bid offer 13.44 136k H&L

[guyswonga74] 26/7/2017 13:46

Yep. Very sure. Just checked

[shrewdmole] 26/7/2017 13:40

Over mid for sells? You sure?

[guyswonga74] 26/7/2017 13:31

One more buy and we should see a tick up. 13.44p to sell loads at present

[shrewdmole] 26/7/2017 12:44

It was on Twitter

[lw425] 26/7/2017 12:40

Have you a link to that chart?

[shrewdmole] 26/7/2017 12:31

Yas

Just me passing the time mate.

I saw that fib prediction to 28p ish from the 20dma bounce.

S

[yasx] 26/7/2017 12:14

Not focusing on the short term gyrations - much further to run yet.

[yasx] 26/7/2017 12:14

Not focusing on the short term gyrations - much further to run yet.

[yasx] 26/7/2017 12:14

Not focusing on the short term gyrations - much further to run yet.

[shrewdmole] 26/7/2017 09:19

Well the MM on the bid paying almost mid price for a £2.5k sell....

[guyswonga74] 26/7/2017 09:13

Next decent buy at 13.75p should trigger some AT trades pushing us up to 14p

[shrewdmole] 26/7/2017 09:04

Mark

Just nicely poised.

2 MM on the bid always a good sign, very little on offer and a reasonably balanced book.

Same as yesterday if we get a bit of volume the 14p mark will go. Only needs a couple of 50-100k buys as there's no overhang.

S

[mark10101] 26/7/2017 08:55

SM you were right on Level 2 looking promising.

[shrewdmole] 26/7/2017 07:56

Mark

Apologies.

Oh totally agree what a play this is on rising oil prices with our cost of production so low....

Level 2 already heating up....

S