Trinity Exploration & Pr... Share Discussion Threads

[kaos3] 03/11/2017 14:58

I can still reenter at confirmed 21p loosing 2p of opportunity costs in worst case ;)

I am old hand in the markets and do not care much about cash as my costs are "living under the bridge". I love the game

[bones] 03/11/2017 14:51

One aggressive chap on the offer at 17.25. Seems someone wants this down.

Bought 30k at 17.19p. Not waiting for Kaos3's 15p :)

[phowdo] 03/11/2017 13:39

I think the market just doesn't trust the oil price rise yet.
Just look at shareprice performance of likes of PMO and TLW.

“Buy right, sit tight." - Jesse Livermore.

[marvelman] 03/11/2017 12:57

Yes indeed WITJ as I have just added 10k at that price...every little helps.

[mark10101] 03/11/2017 12:52

WITJ it does seem we hit these tight spreads at turning points, possible the last of whatever deal being done before we move on, hopefully a stronger close.

[whiskeyinthejar] 03/11/2017 12:36

FWIW Them 17.81p trades are buys. Its 17.81/17.75p to buy/sell. Now gone to 17.87p to buy.

[bones] 03/11/2017 12:29

Exactly Marvelman. Value will out here.

[marvelman] 03/11/2017 12:23

It would seem that we are all missing something that investors in Columbus Energy are not Bones. Our market cap of circa £50 million is now only 10 million higher than Columbus producing just 500 bopd albeit with a great deal of manana extolled by their bod.

[bones] 03/11/2017 12:03

Call me simplistic but am I missing something here?WTI oil is $54 currently, about $5 higher than last month. Trend seems set now on that. TRIN produces 2600 barrels a day targeting 3000 by end of next year. Using 2600, means the month increase of $5 is worth $13,000 a day mostly falling to bottom line as it is basically a price increase that customers have to pay. It's not going to seriously impact on its unit costs.That's nearly $400k a month or $5M a year, just from the incremental increase in oil price this month.Assume level is maintained.Use a PE ratio of 10 (is that unreasonable?), gives a value of $50M just for the increase. TRIN is valued as a whole at that. I know that this is a simple analysis but it's in the ballpark. Unless I'm missing something, TRIN seems ludicrously undervalued or the stock market simply disbelieves the oil market.

[mark10101] 02/11/2017 20:08

Oil still looking solid, should close at a new recent high.

[che7win] 02/11/2017 14:45

Been there, done that with TPL in Kazakstan, I prefer TRIN and TXP.

[mark10101] 02/11/2017 14:37

Yes, I am even not that keen on another of our T&T companies recently listed on AIM due to the companies registered durisdiction and their cavleer approach to U.K. punters money. It does seem some caompanies use AIM very cynically and TRIN in its current form seems out of place amoungst its AIM peers.

[the big fella] 02/11/2017 14:20

Not overly keen on companies with assets in former Soviet countries myself. Safer jurisdictions to play in IMHO.

[grannyboy] 02/11/2017 14:14

glennborthwick. "any other small cap oilers to be looked at"


Have a look at ZEN, who are in an imminent period of activity..they've already had a blowout at a shortly to be w/o well(Z21)...

W/O results due shortly on Z28...

Of course the usual ..DYOR!!

[mark10101] 02/11/2017 10:15

Yes think peole are accumulating as we would be at 15p otherwise. Also I don't think they will let us run until after next weeks event and qrt'ly update.

[shrewdmole] 02/11/2017 09:45

I suspect we will get another holdings rns before long.

[wwick] 01/11/2017 20:51

#TRIN short clip from 121 - -

[glennborthwick] 01/11/2017 16:23

any other small cap oilers to be looked at. Im a bit overweight here but think the sector could get a re-rate if oils tays up

[mark10101] 01/11/2017 09:50

Oil marching on, I still have not seen a convincing argument as to why the fact that one oil producer can breakeven at $50 that will cap oil price below $60. We hit $150 oil and the largest producer had a breakeven around $5.... we also know the fracking revolution is as much a financial revolution and given the poor return those financial deals have returned that is now reversing. I am not saying $80next stop but there certainly could be a surprise like that in th next 6 month.

The oil sector is currently hitting overweight recommendation by analyst so long and strong here so 33p by Christmas or early next year is fine by me.

[mark10101] 01/11/2017 08:00

Yes WTI certainly helping our cause. Let’s hope they announce the new Tax regime soon.

Having not read the latest report is it possible their December 17 target was supposed to be 2018? I personally see that target as achievable by the end of the year but unusual for a report to be so bullish.

[the big fella] 31/10/2017 21:40

WTI continues it’s northward move. Sooner or later this is going to pop

[whiskeyinthejar] 30/10/2017 22:48

Trinity just use wti in powerpoint presentations to guide people about the likely price oil is sold at. It's just a guide.