Trinity Exploration & Pr... Share Discussion Threads

[nafafa] 13/11/2017 15:22

As I recall Trin produce on shore at around $29/bbl so after Royalties, oil quality discount and ppt (tax) leaves them with a profit of $6/bbl. Over the past year that should have generated around $5M to go to pay down debt. Notwithstanding the asset sales, next year production will increase and providing oil prices remain stable at around $55-60, profit should be in the region of $9M. As a company's share price is usually determined by its potential for growth and near term profitability, this to me indicates a current a share price of 23p, on a conservative 10 times earnings. CERP has a similar valuation to Trin on considerably lower production volumes and lots of hype, fortunately my investment there remains nominal after being destroyed by dilution and mismanagement.

[fsawatcher] 13/11/2017 15:20

i dont disagree but you dont ave to be holder to have a comment

i laugh at ECHO coz it valued very high on nuffin

trin got value , i jus very surprised at the cash burn they doin

i did not know they were spendin $25m on operations

that lotta of money for jus 500k extra production

trin goin to need 2 more quarters to show cash burn v profits coz so far it dont look growth company at all

[mark10101] 13/11/2017 15:15

FSA welcome to the market, sell if you own and are disappointed, Short if you don’t own and see an opertunity or go away and come back next year.

[fsawatcher] 13/11/2017 15:10

cash flows aint profits

they spendin more on jus keepin production goin

the rest they spend on payin down debt

like i say - that ok but it aint worth 37p or 17p while they doin nuffin profitable

the cash balance dropped not risen

[croasdalelfc] 13/11/2017 15:07

#TRIN $TRIN further Cantor comment: In current low oil price environ the company has prioritised the allocation of its capital to its production and development assets to generate material cash flows. We retain our BUY recommendation and 37p TP.

[whiskeyinthejar] 13/11/2017 15:02

They made $1.9m profit in H1. H1 has 6 months, not 9 and it included the restructuring period. But there's good reasons why EV/EBITDA and not EV/profit is used to compare oil companies.

[spellbrook] 13/11/2017 14:48

#TRIN $TRIN – Further Whitman Howard comment “Today’s operational update provides yet another data point that Trinity is up and running again, and that its onshore programme does yield quick and visible results. As such, we remain with our BUY recommendation, and PT of 33p"

[spellbrook] 13/11/2017 14:41

FSAwatcher


Keep it coming, you are so good


You must be making $$$$$$$ everyday


Good luck TRINNERS

[fsawatcher] 13/11/2017 14:34

from prelims

"-- Following the successful fundraising completed in January 2017, and payments of creditor settlements, cash balances at the end of February 2017 had increased to USD 13.0 million "

Cash balance today $12.3m

Debt paid $2.6m ( 2 quarters)

9 month of production and sales and they make $1.9m profit??????

that from the accounts

no wonder someones sellin big

[spellbrook] 13/11/2017 14:31

TRIN bod are delivering , slowly and precisely imo...

The bank balance will grow and grow and TRIn can decide how to spend or just bank the money imo

[glennborthwick] 13/11/2017 14:24

I expect these to test 25p in the new year following next quarterly update

[whiskeyinthejar] 13/11/2017 14:23

CERP shareholders idea of generating cash flow is to issue more shares. Staff are paid in shares, debt interest is paid in shares and placings are even more shares.

[spellbrook] 13/11/2017 14:09

FSA is a cerp man


Why bother with comparing, we have cash in the bank, and making $$$$§ daily

Good luck TRINNERS

[whiskeyinthejar] 13/11/2017 14:01

He doesn't understand hedging (amongst other things).

Trinity sold their oil at average price of $46 in H1 on which they made $5.5m EBITDA.

[spellbrook] 13/11/2017 13:58

FSAwatcher

You could run TRIn with your knowledge, let Joseph and Bruce know where they are going wrong

[soupdragon55] 13/11/2017 13:58

FSA, cash at Dec 2016 was $7.615m.

See item 10 of the final results.

[glennborthwick] 13/11/2017 13:54

cash May 2017 7.6 million

Cash November 12.5 million dollars.

[spellbrook] 13/11/2017 13:50

FSAwatcher

Please let the directors know of your concerns...lol


We’re not


3000bopd coming lol

[fsawatcher] 13/11/2017 13:48

whoever sellin is smart coz i fink they need do placin to get cash in to move ops forward faster

they jus tread water nows for 10 month

and worst of all poo been in high 40's and $50's this year

they not make money with poo at $45

not if they keep spendin $25m to keep wells flowin

[fsawatcher] 13/11/2017 13:45

whos joseph?

all i knows is that if you add up the cash made from oil sales in 2017

add up cash in bank vs results 31st dec 2016

add up tax repayment

it all result in 700k loss

i knows they spend loads on boost production numbers but they cant be spendin $25m ?

that massive money for wot? 400k increase in production?

this worth 14p and no more

it worth 20p next year not this year coz they not growin cash pile in 2017 or h1 2018

[marvelman] 13/11/2017 13:33

appy to wait

lots appenin in T & T

this cud double from ere in quick time wen sella is gon

[spellbrook] 13/11/2017 13:31

FSAwatcher

Please let Joseph know his mistake

Never mind sellers, the good thing is we know we had a recent buyer of at least 4% (11.8M shares) of the entire company:

Joseph Piers Jennings

[fsawatcher] 13/11/2017 13:21

cash jus payin giv tax back and keepin production goin

this company make money in H2 2018 when tax arrears paid off

it goin no where for months

[fsawatcher] 13/11/2017 13:19

they not makin any money

look at the figures

they got less cash now

they pay down 2 tax payment

but cash not move

they produce 650kbopd at $40.2pb inc hedge on 9 months = $27m cash

where the other $23m go??????

cash pile dec 2016 woz $13m
cash pile this update say $12.3m

sommat wrongs here

this company way over priced coz it costin more to do work overs than cash coming ins

[mo2550] 13/11/2017 13:17

enticing bid 17.94