Trinity Exploration & Pr... Share Discussion Threads

[trotterstrading] 11/8/2017 07:58

Great deal IMO. Sold over market ascribed value and a measly 190bopd for $4.5!

[bones] 11/8/2017 07:55

JH, understood and apologies for misinterpreting your comment.

[mark10101] 11/8/2017 07:53

JH if we sold it off cheaply it may well give the market an idea of what our better core assets are worth.

We have sold a loss making decomissing liability non core assets making 190bopd for $4.55m. If all of our assets where of similar quality (they are clearly much much better quality) it would value us at $65m MCAP currently. Makes my 50p/$150m MCAP target next year seem less fanciful in my eyes.

[che7win] 11/8/2017 07:38

Cross, The deal doesn't complete until Novemeber, so production from the field will be retained by TRIN until then - which makes it hard to work out their expectations given in previous RNS, what do they expect post sale?

[john henry] 11/8/2017 07:34

Bones I didn't say it wasn't a good strategic move, just that they sold if cheap.

[croasdalelfc] 11/8/2017 07:33

They reiterated the target of 2600-2800 average bopd for the year yesterday.As I stated to get to 2600 they need to average 2900 for the last 4 months.They must be confident of that - weather permitting ;)

[che7win] 11/8/2017 07:32

Good deal to me, management now not distracted by West Cast assets, 190 barrels per day produced H1 from there.So I assume they must expect to replace this production in their recent forecast to reach ~3000 towards end of year?

[jungmana] 11/8/2017 07:28

Is good deal. We sold higher than the market value ascribed. Secondly is not our core asset. The money can be used to quickly get us to year target of 3000bopd.Gla

[bones] 11/8/2017 07:27

Cash is a valuable asset JH. We can now concentrate on exploiting the considerable potential of the East Coast assets and maximise the speed of re-igniting the existing onshore estate. Selling the West Coast assets will also reduce the need for manpower costs.That's the positives I see rather than the negatives that you always seem to see!

[john henry] 11/8/2017 07:19

They appear to have sold it very very cheaply, RRL seem over the moon with the deal.

[uapatel] 11/8/2017 07:17

Out buying tin hats, lol.

[ffp] 10/8/2017 23:28

Deary me do you work for the Mail on Sunday?

[lw425] 10/8/2017 23:22

Next two weeks could be dicey overall as we head into mid month and the North Korean plan to target the US base of Guam will be approved by Kim Jong-un.

It could be Brown Pants Time very soon for many people.

[mark10101] 10/8/2017 23:12

Law we have been shaken, little to fall out of this tree now. Oil been at this price quite a few times this August and we are lower now than when oil was $44, struggle to understand how that can be.... Friday's tend to be good for TRIN, Monday's not so good.....

[lw425] 10/8/2017 18:55

WTI on the slide again at 48.65.

Hope we don't have a Friday Tree Shake here.

Can the directors please purchase more shares on the open market??

[mark10101] 10/8/2017 18:09

Yes I don't believe we are due a 2007 crash but more like a 1987 crash and bounce based on market dynamics rather than fundamental. Just think the modern market is lopsided with too many people thinking etfs and index linking is a safe way to invest. They are unlikely to have the risk tolerance of us TRINers who can sit out the bizarre situations like we have now with near 50% decline while waiting for a 300% rise.

[backtogo] 10/8/2017 17:51

lol"if the Nukes start flying then on stocks like this you won't get a sell quote even when markets reopen."Calm down dear, it's only a dictatorship being overthrown. Carry on.

[backtogo] 10/8/2017 17:47

Just how much non confidence is there here? The results pleased all on the thread, but the market isn't buying it. Woof woof.

[whiskeyinthejar] 10/8/2017 17:44

If you take energy stocks out, the S&P isn't over valued.
So with oil companies, market is pricing in a return to $60 poo.

[mark10101] 10/8/2017 17:26

Law, your last post exactly shows why many of us longer term holders are not worried about NK removing the bid. In my eyes the natural bid was removed 2-3 months ago anyway. So in essence we have been without a bid for a long while already.

However if I had a serious portfolio to be worried about ATM I can see the market flash crashing any time. I don't believe a crash is warranted even though the market is richly valued, I just think the way the market is dominated by ETFs and index trackers (the new bubble) when people who believe they are passively invested could be in for a shock when their co passive investors sell all at once.